EIA: Summer Refinery Run Forecast Cut After Weak May

NASDAQ – Forecasts for U.S. refinery operations this summer have been cut back after facilities ran at lower-than-expected rates in May, the Energy Information Administration said Tuesday.

In its latest Short-Term Energy Outlook, the EIA projects U.S. refineries processed 15.6 million barrels a day of crude in May, off more than 300,000 b/d from a year ago.

Four-week data through May 26 put the rate even lower, at 15.376 million b/d, off 3% from a year ago.
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