Expect controversy and some great tips from veterans Jeff Potts and yours truly.
15-minute webinar on June 9th. 1 PM CST
Registration: https://new.elasticwebcast.com/user/registration/theme_04/index.php?videocast=NDY0.
Diesel prices are up because:
- Demand up (not including China restarting)
- Stocks down
- Refinery utilization down
- Number of operating refineries is down
- With $1 billion in hurricane damage, Phillips 66’s shut its Alliance refinery in Louisiana,
- Consultant projection: by the end of 2023, as much as an additional 1.7 million barrels of U.S. refining capacity is expected to close
- Some refineries are converting to biofuels e.g., Phillips 66 in Rodeo CA (San Francisco)
- Refiners’ margins are way up
Refineries closing despite being so profitable:
- Huge investments
- War of fossil fuels
For a wealth of additional resources and insights, explore our website at https://provisionai.com/ and connect with us on our social media channels for the latest updates and information!