精品成人免费自拍视频|一本大道看香蕉大在线|五月丁香乱码日韩精品区|久久国产精品成人片免费|日韩中文字幕亚洲精品欧美|视频福利国产午夜一区二区|国产毛片一区二区三区精品|国产欧美精品一区二区三区网址

The Annual Equipment of Pipeline and Oil &Gas Storage and Transportation Event
logo

The 25thBeijing International Exhibition on Equipment of Pipeline and Oil & Gas Storage and Transportation

ufi

BEIJING, China

March 26-28,2025

LOCATION :Home> News> Industry News

OU.S. Gulf refiners feast on domestic oil amid rising output

Pubdate:2019-01-02 09:52 Source:liyanping Click:

NEW YORK (Bloomberg) -- U.S. light oil has become too cheap for Gulf Coast refiners to pass up.

Fuel makers on the Gulf, home to the largest cluster of refineries in the world, processed oil with an average API gravity of 33.06 in October, according to the Energy Information Administration. The measure of oil density matches a record set in February, when Gulf refiners processed the lightest crude in 26 years thanks to a surge in domestically produced light barrels.

Growing U.S. output has sent imports to a 3-year low, as domestic barrels are cheaper than imported ones. West Texas Intermediate, the U.S. benchmark oil, is being traded at a discount of $8.10/bbl compared with Brent, the benchmark used to price imported oil.

U.S. production has doubled in the past seven years to a record 11.537 MMbopd in October, largely supported by new drilling technologies that allowed producers to extract oil from areas previously deemed uneconomical. That’s reduced America’s dependence on imported oil from OPEC countries.