Net refinery inputs plunged due to planned and unplanned maintenance
Featured Articles
- Blog
Take Me Money and Run Venezuela – Venezuela’s Oil Industry Could Be Poised for a Rebound, But It Will Take Time
Venezuela took center stage last weekend when President Trump removed and arrested President Nicolás Maduro, putting a spotlight on the country’s oil resources and production. Today we take a deep dive into how we think the upheaval could reshape crude oil flows, price differentials, refining slates and export economics.
- Blog
Double-Edged Sword – Refinery ‘Capacity Creep,’ Falling Inventories May Limit U.S. Crude Export Surge
U.S. crude oil production averaged a record 13.6 MMb/d in 2025, up nearly 1.6 MMb/d from 2023, but crude export volumes remained remarkably stable — at or very near 4.1 MMb/d — until a recent Iran-related surge. A key reason: “capacity creep” expansion projects at several Gulf Coast refineries.
- Blog
A Fragile Thing – Fire at Chevron’s El Segundo Refinery Shows Vulnerability of California Refining Sector
A fire swept through Chevron’s El Segundo, CA, refinery on October 2, upsetting production of gasoline, jet fuel and diesel. The incident raised fresh concerns about higher prices and highlighted the fragility of the state’s refining network, already challenged by years of weak margins, rising regulatory compliance costs and softening gasoline demand. In today’s RBN blog, we discuss the immediate impact of the fire and the long-term outlook for California’s refining sector.
