Insight
Weather disruptions and deferrals tee up major US refinery maintenance season
Report summary
A common theme has arisen from the recent wave of earnings calls over the past few weeks, as oil majors and independent refiners alike have warned of a heavy US maintenance period to start the year. For many refiners, H1 2023 is a chance to catch-up on much needed regular maintenance as numerous refiners deferred larger maintenance projects in recent years due to Covid and historic margins. The 2023 spring turnaround season is expected to be the most active spring turnaround period since 2019, according to Wood Mackenzie’s tracking, as many refiners look to get caught up and return to a more regular maintenance schedule. In this report, we discuss our expectations for the 2023 US spring refinery turnaround season, including how it will compare to previous years, what regions will be particularly affected, and what impacts we expect for crude and refined products.
Table of contents
- Compounding outages: Winter disruptions, Spring maintenance
- USGC expected to see biggest impact
- Maintenance expectations for other PADDs
- Refined products impact
Tables and charts
This report includes 3 images and tables including:
- Refinery crude runs PADD
- Company guidance on expected Q1 refining utilization rates
- US net imports by product
What's included
This report contains:
Other reports you may be interested in
07 March 2023
North America Crude Markets short-term outlook: March 2023
Commodity Market Report
North America Crude Markets short-term outlook: March 2023
How does this US spring refinery turnaround season stack up against previous cycles?
$3,50014 March 2023
North America gas weekly update: Storage surplus reaches a winter peak
Commodity Market Report
North America gas weekly update: Storage surplus reaches a winter peak
Will gas market balances extend tightening trends?
$1,70009 February 2023
North America Crude Markets short-term outlook: February 2023
Commodity Market Report
North America Crude Markets short-term outlook: February 2023
What factors are weighing on WTI benchmark prices and driving US inventory builds?
$3,500