Are U.S. Refiners Ramping Up Fuel Production Too Early? ...Middle East

Refiners in the United States may be boosting fuel production too early, Bloomberg has reported, citing the latest data on refinery runs and utilization rates. Refinery runs in the week to June 4 stood at 15.9 million bpd, according to the latest weekly report from the Energy Information Administration. Capacity utilization rose to 91.3 percent. According to Bloomberg, the refinery run figure is the highest since February last year, before the pandemic wreaked havoc on transport and fuel demand. The capacity utilization rate, for its part, is the…

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