Official Oil
U.S. refineries have been running at very high rates in 2026
CEII brief
US Energy Information Administration reported on 22 Oct 2026: U.S. refineries have been running at very high rates in 2026.
Read the full story on US Energy Information AdministrationThe U.S. refinery fleet has run at higher-than-normal rates this year, with refinery utilization averaging more than 95% of capacity between May and September, the highest for those months since 1998.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
9.5% of world merchandise exports were fuels in 2025Original reporting © US Energy Information Administration. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
