7/17/2014
jaochainoi

Run rates of U.S. refineries last week increased to 16.6 million barrels of crude oil per day, the highest level on record since 1989, according to data from the Energy Information Administration. "Refiners in the Midcontinent are benefiting from very inexpensive, cheaper crude, which of course is translating into higher runs," Andy Lipow, oil industry consultant with Lipow Oil Associates, said Wednesday.

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Bloomberg

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