Chevron CEO Says No New Refineries In U.S—Ever ...Middle East

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Chevron CEO Says No New Refineries In U.S—Ever
source : OILPRICE ( Middle East ) () 9
Chevron CEO Mike Wirth’s view of U.S. refineries is that there will never be another new refinery building in the United States. High prices at the pump have triggered a host of discussions around where the market constraints are, but current refinery utilization in the United States—which is at more than 90%--combined with low product inventories and sky-high refining margins, indicates that the bottleneck to getting more gasoline to market is the refining segment—not pumping crude. But according to Wirth, there may be no relief…

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