- U.S. refineries lowered the crude oil they processed by the most in eight months, to 16M bbl/day and down 3.8% from the previous week, as plants began normal seasonal maintenance.
- Plants typically schedule maintenance in September and October when units move from maximizing gasoline output to producing winter fuels.
- Examples: Maintenance has begun at Total’s (NYSE:TOT) 225K bbl/day Port Arthur, Tex., refinery, Phillips 66’s (NYSE:PSX) Lake Charles refinery is conducting planned maintenance, and Motiva Enterprises' Norco, La., refinery began planned work this week.
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