Overview to the Petroleum Refining Industry Topics Energy consumption & petroleum’s place ▪ Size of U.S. industry ▪ Major refiners Petroleum products Basic petroleum economics ▪ Trends for crude oil & gasoline prices ▪ When do refiners make money? Generalized Petroleum Refinery Updated: August 5, 2019 2 Copyright © 2016-2019 John Jechura (
[email protected]) Energy consumption in the U.S. & petroleum’s contribution Updated: August 5, 2019 Copyright © 2016-2019 John Jechura (
[email protected]) Energy Markets Are Interconnected https://flowcharts.llnl.gov/commodities/energy Updated: August 5, 2019 4 Copyright © 2016-2019 John Jechura (
[email protected]) Energy Markets Are Interconnected Crude Refining Crude Production Crude Transportation Product Storage & Transportation Retail Distribution Consumer Use https://flowcharts.llnl.gov/commodities/energy Updated: August 5, 2019 5 Copyright © 2016-2019 John Jechura (
[email protected]) Energy Markets Over the Last Decade https://flowcharts.llnl.gov/commodities/energy Updated: August 5, 2019 6 Copyright © 2016-2019 John Jechura (
[email protected]) World & U.S. Refining Capacity “Asia-Pacific refining primed for capacity growth”, Oil & Gas Journal, pp 34-45, Dec. 1, 2014 EIA, Jan. 1, 2019database, published June 2019 http://www.eia.gov/petroleum/refinerycapacity/ Updated: August 5, 2019 7 Copyright © 2016-2019 John Jechura (
[email protected]) Number & Capacity of World & U.S. Refineries “Asia-Pacific refining primed for capacity growth”, Oil & Gas Journal, pp 34-45, Dec. 1, 2014 Source: EIA, Jan. 1, 2019 database, published June 2019 http://tonto.eia.doe.gov/dnav/pet/pet_pnp_cap1_dcu_nus_a.htm Updated: August 5, 2019 8 Copyright © 2016-2019 John Jechura (
[email protected]) Locations of U.S.