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Petroleum Refining in the US - Industry Market Research Report

  • March 2017
  • 43 pages
  • Ibisworld
Report ID: 198716

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Fueled up: Improving global economic conditions will sustain demand for petroleum products

Abstract
Petroleum Refining in the US
Operators in the Petroleum Refining industry experienced volatile conditions over the past five years. Rising crude oil prices powered revenue growth as refiners have passed costs down the distribution line. Furthermore, low domestic crude oil prices, when compared with international crude oil, bolstered the competitiveness of US petroleum exports.

This industry is anticipated to recover over the next five years as fuel prices rise and consumption increases. Improving global economic conditions will sustain demand for petroleum products. Capacity upgrades will lead the way as industry players invest in infrastructure that can handle more crude oil.

However, environmental regulations stipulating the inclusion of renewable fuels will pose a challenge to operators. Industry operators refine crude oil into petroleum products. Petroleum refining involves one or more of the following activities: fractionation, straight distillation of crude oil and cracking.

This industry does not include companies that extract crude oil or retail gasoline.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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