U.S. Refining Margins Decline-But Remain Strong In PADDs 2, 4
Special Topic: How is Expanding U.S. Production Affecting Waterborne Crude Oil Imports?
February 6, 2013
Baker & O’Brien’s fourth quarter 2012 PRISM™ analysis reports generally lower U.S. refining margins, but continuing strong performance in PADDs 2 and 4. The article also reviews how light-sweet crude oil imports to PADDs 1 and 3 have declined by more than 1 million barrels per day over the past two years, mostly to make room for growing production of “light tight oil.” As of October 2012, imports of light crude oils east of the Rockies stood at approximately 875,000 B/D.
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