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Coronavirus pandemic pressures US refining capacity

The permanent shutdown of three refineries due to the coronavirus pandemic and a fire at Philadelphia Energy Solutions' Pennsylvania facility could reduce US refining capacity by 523,000 barrels per day to 18.5 million bpd this year, in what would be the steepest decline since 2012. The impact may be minimized by the potential restart of a 200,000-bpd refinery in the US Virgin Islands, but analysts say more plants could be shut while other planned additions likely will be delayed.

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