Refinery runs… EIA

Here is a look at refinery runs from the EIA’s This Week in Petroleum:

”Since mid-July, refinery inputs have remained between 13% and 17% lower than the five-year average. Gross inputs to refineries reached 15.3 million barrels per day (b/d) in the week ending August 21, the highest level since the COVID-19 crisis began in April, according to the U.S. Energy Information Administration’s (EIA) Weekly Petroleum Status Report. The August high point was still down about 14% compared with the five-year average. During the following two weeks, refinery inputs decreased almost 2 million b/d to 13.4 million b/d by the first week of September, and they were down about 16% against the five-year average. Since then, runs have remained lower than their July and August levels, averaging a little more than 14.0 million b/d through October 23, with each week somewhere between 13% and 17% below the five-year average for the same period. Although the decrease in gross inputs between the first week of August and October 23 remains at a little less than 1.1 million b/d, this decrease is partially consistent with seasonal factors, resulting in a relatively stable gap between 2020 input levels and the five-year average.”