Analyzing the market for refined petroleum products in the US - 2012
Tuesday, Jun 19, 2012
Research and Markets (http://www.researchandmarkets.com/research/sw7vgv/analyzing_the_mark) has announced the addition of the "Analyzing the Market for Refined Petroleum Products in the US 2012" report to their offering.
“Analyzing the Market for Refined Petroleum Products in the US 2012”
The United States is the largest, most sophisticated producer of refined petroleum products in the world, with nearly 20 million barrels per stream day of crude distillation capacity. Demand for petroleum products in the US went downhill in the past couple of years encountering losses of over 2% on a yearly basis from 2002-04. After that period passed, demand started picking up again.
Key products of the industry are gasoline, distillate fuel oils, jet fuel, residual fuel oils, lubricants and asphalt. Total US exports of finished petroleum products have increased more than 60% since 2007 as markets have become more globally integrated. This trend is driven primarily by finished motor gasoline and distillate fuel oil which are increasingly exported to Latin America.
Unlike crude oil, refined petroleum production struggles to maintain steady profits. Historically, increasing refinery capacity has proven difficult for a variety of reasons. Plant expansions and facility additions are very expensive, and investment funds are limited. Strict regulations, public policy considerations, and an overlapping and complex permit system further complicate expansion.
An analysis of the major market players such as Chevron Corporation, Valero Energy, and others is carried out through a corporate profile, business segment analysis, financial analysis, industry presence, and a SWOT analysis, completing this comprehensive analysis of the Refined Petroleum Products Industry in the US.
Source: Business Wire
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