U.S. Refiners Undeterred By Recession Fears ...Middle East

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U.S. Refiners Undeterred By Recession Fears
source : OILPRICE ( Middle East ) () 26
U.S. refiners are set to continue operating at high utilization levels in the third quarter, despite concerns that a slowdown in demand could be looming in case of a recession, executives and analysts told Reuters on Thursday. Refiners operated at near capacity in the second quarter as demand was robust and refining margins were at multi-year highs. This quarter, despite a decline in margins, refiners aim to continue running facilities at close to capacity. The four-week average refinery utilization at U.S. refineries was at 92.7 percent in the…

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