Imports LIght Crude

A week ago (September 8, 2014) we looked at Energy Information Administration (EIA) supply/demand data for the Gulf Coast Petroleum Administration for Defense District (PADD) III. Our analysis highlighted the dramatic changes since 2011 to the sources of crude oil for PADD III refineries that make up 50 percent of the nation’s processing capacity. Today we present a Gulf Coast crude supply demand forecast out to 2019 based on our assumptions about production, imports and refinery capacity as well as exports and movements in and out of PADD III.