Contents
1. Preface 7
2. Executive Summary 8
3. Background 11
4. Recent Market Conditions 16
5. PADD 1 Regional Outage Review 20
5.1. Summary 20
5.2. Refinery capacity overview 20
5.3. ACDU planned maintenance 20
5.4. FCCU planned maintenance 21
5.5. CRU planned maintenance 21
5.6. HU planned maintenance 22
5.7. Unplanned outages 22
6. PADD 2 Regional Outage Review 24
6.1. Summary 24
6.2. Refinery capacity overview 24
6.3. ACDU planned maintenance 25
6.4. FCCU planned maintenance 25
6.5. CRU planned maintenance 26
6.6. HU planned maintenance 26
6.7. Unplanned outages 26
7. PADD 3 Regional Outage Review 29
7.1. Summary 29
7.2. Refinery capacity overview 29
7.3. ACDU planned maintenance 30
7.4. FCCU planned maintenance 30
7.5. CRU planned maintenance 31
7.6. HU planned maintenance 31
7.7. Unplanned outages 31
8. PADD 4 Regional Outage Review 34
8.1. Summary 34
8.2. Refinery capacity overview 34
8.3. ACDU planned maintenance 34
8.4. FCCU planned maintenance 35
8.5. CRU planned maintenance 35
8.6. HU planned maintenance 36
8.7. Unplanned outages 36
9. PADD 5 Regional Outage Review 38
9.1. Summary 38
9.2. Refinery capacity overview 38
9.3. ACDU planned maintenance 38
9.4. FCCU planned maintenance 39
9.5. CRU planned maintenance 39
9.6. HU planned maintenance 40
9.7. Unplanned outages 40
Table 1. Planned outages, percent of available capacity, 4th quarter 2015 9
Table 2. PADD 1 planned ACDU outages 20
Table 3. PADD 1 planned FCCU outages 21
Table 4. PADD 1 planned CRU outages 21
Table 5. PADD 1 planned HU outages 22
Table 6. PADD 1 unplanned ACDU outages 22
Table 7. PADD 1 unplanned FCCU outages 23
Table 8. PADD 1 unplanned CRU outages 23
Table 9. PADD 1 unplanned HU outages 23
Table 10. PADD 2 planned ACDU outages 25
Table 11. PADD 2 planned FCCU outages 25
Table 12. PADD 2 planned CRU outages 26
Table 13. PADD 2 planned HU outages 26
Table 14. PADD 2 unplanned ACDU outages 27
Table 15. PADD 2 unplanned FCCU outages 27
Table 16. PADD 2 unplanned CRU outages 27
Table 17. PADD 2 unplanned HU outages 28
Table 18. PADD 3 planned ACDU outages 30
Table 19. PADD 3 planned FCCU outages 30
Table 20. PADD 3 planned CRU outages 31
Table 21. PADD 3 planned HU outages 31
Table 22. PADD 3 unplanned ACDU outages 32
Table 23. PADD 3 unplanned FCCU outages 32
Table 24. PADD 3 unplanned CRU outages 32
Table 25. PADD 3 unplanned HU outages 33
Table 26. PADD 4 planned ACDU outages 34
Table 27. PADD 4 planned FCCU outages 35
Table 28. PADD 4 planned CRU outages 35
Table 29. PADD 4 planned HU outages 36
Table 30. PADD 4 unplanned ACDU outages 36
Table 31. PADD 4 unplanned FCCU outages 37
Table 32. PADD 4 unplanned CRU outages 37
Table 33. PADD 4 unplanned HU outages 37
Table 34. PADD 5 planned ACDU outages 38
Table 35. PADD 5 planned FCCU outages 39
Table 36. PADD 5 planned CRU outages 39
Table 37. PADD 5 planned HU outages 40
Table 38. PADD 5 unplanned ACDU outages 40
Table 39. PADD 5 unplanned FCCU outages 41
Table 40. PADD 5 unplanned CRU outages 41
Table 41. PADD 5 unplanned HU outages 41
Figure 1. Seasonal variation in U.S. petroleum consumption (January 2010-December 2014) 12
Figure 2. Seasonal variation in monthly U.S. refinery utilization (January 2010-July 2015) 13
Figure 3. Nymex and ICE futures prices of crude oil, distillate fuel and gasoline 14
Figure 4. Regional distillate inventories as of September 25, 2015 18
Figure 5. Regional motor gasoline inventories as of September 25, 2015 19