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Reuters
U.S. oil refinery run-rates could top 90% for 3rd quarter in a row
U.S. oil refinery utilization rates, a measure of how operators view future fuel demand, could top 90% next quarter for the third consecutive period, industry analysts projected, reflecting scant stocks and strong demand for diesel. Historically, utilization rates fall in the fourth quarter as refiners begin winter maintenance and motor fuel consumption slips after U.S. summer driving season ends. The forecast excludes the potential impact of a major hurricane striking the U.S. Gulf Coast, home of nearly half the nation’s oil refining.
