After record-breaking activity last year, U.S. refineries are expected to slow down in 2019, the Energy Information Agency reported this week.
Refineries are expected to process 17 million barrels of crude a day this year, down 2 percent from last year and the first annual decline since 2009 according to a report by the Houston Chronicle.
EIA attributed the decline to the shutdown of the Philadelphia Energy Solutions refinery, the largest on the East Coast, after an explosion in June.
“In the six weeks since the explosion, refinery runs in the East Coast region have averaged 897,000 [barrels a day], a decline of about 211,000 [barrels a day] from their averages in the six weeks before the explosion,” a report Monday read.
But the EIA is also expecting a turn-around in production next year.
“In its August Short-Term Energy Outlook, EIA expects refinery runs to average 17.0 million b/d in 2019, and EIA expects them to then increase to 17.6 million b/d in 2020 because of increases in both refining capacity and utilization,” stated the EIA report.