Slides - IEA
Slides - IEA
Slides - IEA
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OECD also See Diverging Trends<br />
While Europe struggles with weak demand – US surges ahead<br />
mb/d<br />
14.0<br />
13.5<br />
13.0<br />
12.5<br />
12.0<br />
OECD Europe<br />
Crude Throughput<br />
11.5<br />
Jan Mar May Jul Sep Nov Jan<br />
mb/d<br />
8.5<br />
8.0<br />
7.5<br />
7.0<br />
6.5<br />
Range 07-11 Average 07-11<br />
2011 2012 est.<br />
2012<br />
US PADD 3 Refinery Throughputs<br />
Source: EIA<br />
Jan Mar May Jul Sep Nov<br />
Range 2007-2011 5-yr Average<br />
2011 2012<br />
mb/d US Weekly Refinery Throughput<br />
16.5<br />
16.0<br />
15.5<br />
15.0<br />
14.5<br />
14.0<br />
Source: EIA<br />
13.5<br />
Jan Mar May Jul Sep Nov<br />
Range 2007-2011 5-yr Average<br />
2011 2012<br />
mb/d<br />
US PADD 1 Refinery Throughputs<br />
1.8<br />
1.6<br />
1.4<br />
1.2<br />
1.0<br />
0.8<br />
0.6<br />
Source: EIA<br />
Jan Mar May Jul Sep Nov<br />
Range 2007-2011 5-yr Average<br />
2011 2012<br />
• US surge in runs supported by strong product exports – and<br />
start up of Motiva expansion (+325 kb/d on Gulf Coast refinery).<br />
Cheap crude supports Midwest runs, while PADD1 face same problem<br />
as Europe (more expensive feedstocks and less efficient plants<br />
© OECD/<strong>IEA</strong> - 2012<br />
• The ramp up of Motiva could now be delayed, however, as<br />
technical problem discovered