Headwinds for US refiners exporting products abroad.

摘要

According data from Reuters, new refining capacity in Latin America could put a significant dent in US product exports in the near future, with about 300K b/d to come online before the end of the year. In just two months, the HOK-b/d Esmeraldas refinery in Ecuador should be finished with an overhaul, while Colombian Ecopetrol is expected to restart its 80K-b/d Reficar plant in Cartagena in Oct. or Nov. this year, and sometime in H2 2015, Petrobras expects to start up the first phase of its RNEST refinery in Brazil. US "Refineries used to point to growing exports as underpinning revenue streams," said Energy Intelligence Group Managing Director of Research and Advisory David Kirsch. "Now they'll say 'this is where we're maintaining rather than growing'."