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Petroleum Refining Within the United States

Petroleum refining within the United States in 2013 produced 18.9 million barrels per day of refined petroleum merchandise, greater than any other nation.[2] Although the US was the world’s largest internet importer of refined petroleum products as lately as 2008, the US became a net exporter in 2010, and in 2014 was the biggest exporter and the largest internet exporter of refined petroleum.[Three] As of January 2015, there have been 137 working refineries within the US, distributed amongst 30 states.

Largest petroleum refining corporations within the United States
Largest petroleum refineries in the United States

1 Historical past
2 Geography
three Products 3.1 Byproduct sulfur
The primary recognized US petroleum refiner was Samuel Kier of Pittsburgh, who within the crude oil price wiki 1850s produced an illuminating oil for miners’ lamps.

American petroleum refining largely grew out of oil shale refining. When the Drake Well began producing in 1859, the oil shale trade was rising rapidly, and establishing refineries near cannel coal deposits alongside the Ohio River Valley. As oil production elevated, the oil shale refiners found that their refining process worked simply as properly with petroleum, and that petroleum was a less expensive uncooked material than shale oil. In 1861, the present oil shale refiners switched to petroleum feedstock, and the oil shale mines shut down.

Within the 1800s, the principal refined product was kerosene for illuminating crude oil price wiki oil. The heaviest fraction was used as lubricating oil. A market developed for fuel oil as it was discovered that petroleum was superior to coal in powering the large engines of ships and railroad locomotives.

The recognition of the car within the early 1900s created a mass market for gasoline, and a scarcity soon developed of the lighter gasoline fractions of crude oil. The shortage was solved by the invention of the catalytic cracker, which broke crude oil price wiki lengthy hydrocarbon chains into smaller molecules.

Geography[edit]
Most giant refineries are close to navigable waterways, particularly seaports or Great Lakes ports. The only largest focus of refineries is along the Gulf Coast.[Eleven] Though there are refineries in 30 states, just three states dominate US refining: Texas (47 working refineries), Louisiana (19), and California (18). As of January 2015, these three states include 45% of all US refineries and fifty nine% of all US refining capability.[12]

Products[edit]
The three largest-volume products of US refineries are gasoline, fuel oil (together with diesel gasoline and residence heating oil), and aviation fuel, which together make up more than eighty four percent of output.[Thirteen]

Byproduct sulfur[edit]
Petroleum refineries recuperate elemental sulfur as a byproduct. In 2012, US oil refineries recovered 7.Four million metric tons of sulfur, worth about $915 million, and amounting to 88% of the elemental sulfur produced in the US.[14]

Worldwide trade[edit]
The United States was for many years, by means of 2008, the world’s largest internet importer of refined petroleum merchandise. But the state of affairs shortly modified in 2008 as American refineries grew to become way more value-aggressive due to large will increase in US production of oil, pure fuel, and natural gasoline liquids. The US turned a web exporter of refined petroleum in 2010, and since 2013 has been the world’s largest internet exporter of refined petroleum. In 2014, the US exported 3.83 million barrels per day and imported 1.35 million barrels per day of refined petroleum, for internet exports of two.48 million barrels per day.[15]

The competitive advantage of US refiners has been attributed to the lower value of American crude oil, as reflected by the Oklahoma-based index worth West Texas Intermediate, versus the dearer European-based mostly index value Brent Crude. Due to the good surge in American manufacturing of oil, pure gas, and pure fuel liquids since 2008, those products have been cheaper within the North American market than worldwide, giving American refiners a major price advantage.[16] The discount on US crude is partially attributed to the long-standing federal ban on exports of American crude oil.[17]

beer canEuropean Union refiners have been exhausting-hit by the growth in US exports. They lost much of their previous gasoline exports to the US, and also market share within the worldwide market to the newly aggressive US refineries. As well as, US refineries have more and more exported petroleum products to the EU. In 2008, US exports of gasoline oil (home heating gas) surged to a 31% market share within the EU, up from 5% the earlier yr; in 2011, US imports held a 37% market share of gasoil in the EU.[18] There has been dialogue that EU refineries must shut down without authorities intervention. [19]

^ “U.S. Power Data Administration: Prime 10 U.S. Refineries Operable Capability”. Retrieved 2015-01-26.
^ OPEC, Statistical Bulletin, 2014
^ OPEC, Annual Statistical Bulletin, 2015.
^ “Tesoro Closes Western Refining Merger, To Be Named Andeavor”. NASDAQ.com. 2017-06-05. Retrieved 2017-08-20.
^ a b c report, Advocate staff. “Shell assumes ownership of Norco, Convent refineries in Motiva deal with Saudi Aramco”. The Advocate. Retrieved 2017-06-04.
^ “PBF Vitality Completes Acquisition of the Torrance Refinery and Related Logistics Assets”. investors.pbfenergy.com. Retrieved 2016-eleven-30.
^ “Island Energy finalizes deal for Chevron Hawaii refinery, downstream assets”. www.ogj.com. Retrieved 2016-11-30.
^ “Tesoro Closes Western Refining Merger, To Be Named Andeavor”. NASDAQ.com. 2017-06-05. Retrieved 2017-08-20.
^ US Vitality Information Administration, Table 5, 2015.
^ US Energy Info Administration, Table 5, 2015.
^ US Energy Info Administration, Much of the country’s refinery capacity is concentrated along the Gulf Coast, 19 July, 2012.
^ US Vitality Information Administration, Refining capacity by state.
^ US Energy Data Administration, Refinery Yield accessed 26 July 2015.
^ Lori E. Apodaca, Sulfur, US Geological Survey, 2012 Minerals Yearbook, Feb. 2015.
^ OPEC, Information Obtain, Tables 5.4 and 5.7, 2014.
^ Nicolas Sakelaris, “How the shale boom translates into huge profits for US refineries,” Dallas Business Journal, 5 June 2014.
^ Ed Crooks, “US oil refiners face battle to prolong halcyon days,” Financial Times, 17 Aug. 2014.
^ Chris Beddoes, “Competitiveness of European refining,” 6th Oil Discussion board of the Vitality Group, 30 Sept. 2014.
^ Tara Patel, “French refineries in danger as demand weakens, industry foyer says,” Bloomberg, 10 Mar.