Full Title: Refining U.S. Petroleum: A Survey of U.S. Refinery Use of Growing U.S. Crude Oil Production
Author(s): American Fuel and Petrochemical Manufacturers (AFPM)
Publisher(s): American Fuel and Petrochemical Manufacturers (AFPM)
Publication Date: March 1, 2015
Full Text: Download Resource
Description (excerpt):
The unexpected and welcomed reversal of declining U.S. crude production since 2008 has benefitted the nation in many ways. Most of the recent U.S. crude oil production growth has come from geological structures called tight oil formations, which contain very light and sweet (low sulfur) quality crude oils. Refiners run many different quality crude oils, and most U.S. refiners have added capability to run heavy sour (high sulfur) quality crude oils. These two facts – increasing light sweet production and refining heavy sour crude processing capability – have created much confusion and misunderstanding about U.S. refiners’ capability to use the increasing volumes of light sweet crude being produced and the economics around the issue.