Direct and indirect job losses would ensue and tens of thousands of Canadians would lose their means to earn a living and provide for their families. Contains in-depth analyse of global, regional and national sales and growth Highlights for you the key successful trends, changes and revenue projections made by your competitors This report tells you TODAY how the oil refinery market will develop in the next 10 years, and in-line with the variations in COVID-19 economic recession and bounce. Aug 29, 2022. Jul 7, 2022. The oil and gas industry is one of . If you continue to use this site we will assume that you are happy with it. Please create an employee account to be able to mark statistics as favorites. U.S. refiners set for strong start to 2022 as fuel prices surge worldwide. The report highlights key lucrative areas in the industry so you can target them NOW. Take for example the following price charts: Oil Prices January 13th, 2021 oilprice.com. Gibson Oil & Refining, Bakersfield Refinery (Closed) 1978: Gibson Oil & Refining: 1978-July 1987: . The facility is primarily located in Whiting, Indiana, USA, though portions of the 1,400 acres (5.7 km 2) complex span into the neighboring cities of Hammond and East Chicago. In 2021, Canadian exports from the U.S. Gulf Coast averaged more than 180,000 bpd, reaching nearly 300,000 bpd in December, a record, according to Matt Smith, Kpler's lead oil analyst for the. Texas has nearly 30 oil refineries operating in the following locations: Austin Double Punch Refinery - Barton Refining Baytown Baytown Refinery - ExxonMobil Big Spring Big Spring Refinery - Alon USA Beaumont Beaumont Refinery - ExxonMobil Borger Borger Refinery - Phillips 66/Cenovus Corpus Christi Corpus Christi Complex - Flint Hills Resources As an investor in oil . Given that raw materials can account for up to 70% of a companys expenses, variations in raw material input costs must be taken into account. Did you know that Canadian wheat farmers produce 12% of the world's supply? Manitoba and Prince Edward Island as well as the territories did not have any refining capacity.. We use cookies to ensure that we give you the best experience on our website. The U.S. and Canada alone are home to more than 90,000 miles of crude oil and petroleum product pipelines, along with more than 140 . Overall, Canada imported less crude oil in 2020 than . After 2021 saw energy fuels dominate the top spots after lithium, energy fuel prices in 2022 were more volatile with more scattered returns. When it comes to refinery output and the economy, the larger the numbers, th Trans Mountain Expansion Workers - TMX "Oil Refinery Capacity in Canada from 2004 to 2021 (in 1,000 Barrels per Day). Ontario's manufacturing sector is an important supplier of goods and services for Canada's oil and natural gas industry. estimated completion is Q4-2022) Azikel Refinery (Azikel Petroleum), 12,000 bbl/d (1,900 m 3 /d) - (Under Construction; estimated completion is summer 2023) Ogbele Refinery (Niger Delta Petroleum Resources), 11,000 bbl/d (1,700 m 3 /d) . To use individual functions (e.g., mark statistics as favourites, set Comprising of considerable oil, natural gas, and copper deposits, Alberta is Canada's second largest oil and gas producer. What is the largest oil refinery in Canada? Are oil refineries running at full capacity 2022? The Irving refinery is unique compared with other refineries because it is a family-owned operation with no crude oil production, and a refining and marketing arm. A simple google says there are 19 refineries in California. A majority of those exports at nearly 2 million barrels per day go to PADD II in the U.S. Midwest and are primarily transported by the Keystone pipeline system, Enbridges Main Line, and the Express Pipeline. Why should you care about refineries in Canada to begin with? Explore North America's crude oil pipelines and refineries across the U.S. and Canada in our interactive map. Accessed January 19, 2023. https://www.statista.com/statistics/265278/oil-refinery-capacity-in-canada/, BP. Since 2010, U.S. crude oil production has more than doubled from 5.4 million barrels a day to more than 11.5 million. In 2019, 98 per cent of Canadas oil exports went to the United States. Pipelines are the primary method of transporting crude oil around the world, delivering oil and its derivative products swiftly to refineries and empowering reliant businesses. As more countries set targets to phase out gasoline and diesel vehicles, demand for key battery minerals like lithium and nickel is expected to continue to rise. The North Atlantic Refinery in Newfoundland and Labrador is situated in Come By Chance, a municipality near the provincial capital of St. Johns. small vanity table with lighted mirror. Did you know that 4 of Ontarios oil refineries make up about 20 per cent of Canadas total refining capacity, and that about 80 per cent of their feedstock comes from the western part of the country? Get full access to all features within our Corporate Solutions. Pipelines are the primary method of transporting crude oil around the world, delivering oil and its derivative products swiftly to refineries and empowering reliant businesses. Visualizing Currencies Decline Against the U.S. Dollar. The way U.S. oil refineries are set up has a lot to do with it. To grasp a nearly immediate appreciation for refineries, just think about going for a year in life without all the listed products above. WASHINGTON, Jan 18 (Reuters) - U.S. oil refiners plan twice as many refinery overhauls this spring as usual, aiming to resume maintenance delayed by the pandemic and by the lure of record-high margins, according to data provider IIR Energy and Reuters reporting. A catalytic cracking unit was added in 1951 to produce gasoline out of low-value petroleum and the first heavy-oil upgrader in Canada came on stream in 1988. Refining Sites and Capacity Canada is home to 15 refineries, all of which are operated by Canadian Fuels members and represent the country's refining capacity. MEXICO CITY (Reuters) -Mexican state oil company Pemex illegally burnt off hydrocarbon resources worth more than $342 million in the three years up to August 2022 at two of its most important new . The amount of crude oil used in refineries in Western Canada dropped from 625 Mb/d in January 2020 to 412 Mb/d in April, and volumes increased during the year to almost 585 Mb/d in December. MPLX LP. Now it's the federal natural resource minister's turn to say 'yes' to this world-class project. Top 50 Oil and Gas. As soon as this statistic is updated, you will immediately be notified via e-mail. Here is a list of the 5 top oil and gas companies in Alberta: 1. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Show publisher information In 2021, Canadian exports from the U.S. Gulf Coast averaged more than 180,000 bpd, reaching nearly 300,000 bpd in December, a record, according to Matt Smith, Kpler's lead oil analyst for the . Oil and Gas Industry Employment Trends (Editor's Pick) The latest statistics show that the oil and gas industry in the US employs around 10.3 million people. According to the Canadian International Merchandise Trade Database, Canada imported approximately $11.5 billion of crude oil in 2020, down from $18.9 billion in 2019 and $19.2 billion in 2018. The two refineries in Quebec: one in Montreal and one in Levis near Quebec City. As a result, SCO blends typically sell at a price which is much closer to par with the WTI benchmark. That list goes on, and on, quite literally, with thousands upon thousands of items, some of which you may have not had any clue were derived using oil. An oil pumpjack is seen in Velma, Oklahoma U.S. April 7, 2016. The country accounted for about 2.2% of the world's total refinery capacity per day during the same year. There are 15 refineries in Canada, which are operated across most of the Canadian provinces. While WTI crude oil (North Americas benchmark) increased by 6.7% in 2022, Brent crude oil (Europes benchmark) was up 10.4% as Urals crude oil (Russias benchmark) fell by more than 26.5%. Together they have a total refining capacity of nearly 2 million barrels of oil a day. Record volumes of Canadian crude are expected to flow to American refineries in the years following Joe Biden's decision to nix a long-awaited and controversial cross-border pipeline project. Businesses and industries who rely on domestic refinery production would feel the ripple effect immediately. In 1982 there were over 250 operating crude oil refineries in the United States; that number declined to 132 by 2019, according to data from the US Department of Energy (DOE). 35 of the U.S. states have oil refineries located in them although the only oil refinery located in Virginia is shut down. The product mix, on the other hand, varies a lot between locations. 2022. The global oil and gas market size is estimated to reach $5,870.13 billion in 2021. Global Oil Refinery Market (COVID Impact Analysis) by Investment CAPEX OPEX Global Oil Refinery Market (COVID Impact Analysis) by Processing Unit Crude Oil Distillation Unit (CDU) Vacuum Distillation Unit (VDU) Diesel Hydrotreating Unit (DHT) Semi-regenerative Reforming (SRR) Fluid Catalytic Cracking Unit (FCC) Sulfur Recovery Unit (SRU) Global Oil Refinery Market (COVID Impact Analysis) by Type Topping Oil Refinery Hydro-skimming Oil Refinery Conversion Oil Refineries Deep Conversion Refineries In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for 4 regional and 20 leading national markets: North America Oil Refinery Market, 2022 to 2032 Market Outlook U.S. Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Canada Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Mexico Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Europe Oil Refinery Market, 2022 to 2032 Market Outlook Russia Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Norway Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis United Kingdom Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Demark Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Italy Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Rest of Europe Market Forecast & COVID Impact Analysis Asia Pacific Oil Refinery Market, 2022 to 2032 Market Outlook China Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Indonesia Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis India Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Australia Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Malaysia Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Rest of Asia Pacific Market Forecast & COVID Impact Analysis LAMEA Oil Refinery Market, 2022 to 2032 Market Outlook Brazil Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Iran Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Saudi Arabia Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis South Africa Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Iraq Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Rest of Latin America, Middle East and Africa The report also includes profiles and for some of the leading companies in the Oil Refinery Market, 2022 to 2032, with a focus on this segment of these companies operations. The Oil Refinery Market Report 2022-2032: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying. How will each oil refinery submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2032? Come by Chance, Nfld. It is currently transporting 200,000 barrels a day, with a little excess capacity to spare. Who are the leading players and what are their prospects over the forecast period? Western Canadian Select (WCS) crude oil monthly price 2020-2022, Crude oil imports to Canada 2021, by region of origin, Revenue of leading Canadian oil and gas companies 2022, Global oil production 2010 & 2021, by select country. Forecasts by Type (Topping Oil Refinery, Hydroskimming Oil Refinery, Conversion Oil Refineries, Deep Conversion Refineries), by Processing Unit (Crude Oil Distillation Unit (CDU), Vacuum Distillation Unit (VDU), Diesel Hydrotreating Unit (DHT), Semiregenerative Reforming (SRR), Fluid Catalytic Cracking Unit (FCC), Sulphur Recovery Unit (SRU)), by Investment (CAPEX, OPEX) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Recovery Scenarios, New York, April 20, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Oil Refinery Market Report 2022-2032" - https://www.reportlinker.com/p06267773/?utm_source=GNW The Oil Refinery Market Report 2022-2032: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. Answer: The answer from Larry Hale is incorrect. Discover their capabilities, progress, and commercial prospects, helping you stay ahead. There are three obvious reasons for this reality: the first is that these are two states who. Does Alberta still produce oil? Also in Oil and petroleum products explained The Canadian company, one of the worlds largest oil companies, transports about 30% of the crude oil produced in North America. Click on the dots above and navigate to the local maps below for discussion and to learn more about . Shutting down Line 5 would create both economic and environmental consequences as these refineries would be required to source more oil via rail and truck methods of transport which have been shown to be much more GHG-intensive and costly to do. This market is more critical now than at any point over the last 10 years. U.S. refining capacity had reached a record high of nearly 19.0 million barrels per day as of January 1, 2020, but several refineries have closed since then, resulting in a capacity decline of 4.5 percent. The refineries with the largest throughput in North America are all located in the Gulf Coast (PADD 3), with the five refineries that process more than 500,000 barrels per day all located in the states of Louisiana and Texas. See full list of refineries. Although Ontario is not a significant producer of petroleum, the province has just over 2,300 producing oil and gas wells. Meanwhile, the pipeline networks needed to transport this newly produced oil have only expanded by roughly 56%.. Today, the largest pipeline network across the U.S. and Canada (with a diameter of at least 10 inches) is . Below weve compiled a list of facts and questions (with answers) which should help you better understand just how important refineries are to Canadians, and why we should support the men and women across the country who work in this critical industry. Refinery Report. As of 2018, . Are you interested in testing our corporate solutions? We hope to see you there! It shows the four refineries in Ontario: three in Sarnia and one in Nanticoke. Is There Global Demand for Canadian Oil in 2021 and Beyond? What Are These Questions You Should Ask Before Buying A Market Research Report? Crude oil is the world's main source of fuel and largest overall source of primary energy. For example, consider the difference between gasoline and diesel. Our work identifies which organizations hold the greatest potential. Trying to predict which commodities will come out on top in any given year is tricky businessespecially during this turbulent period in markets. upgraded into a light/sweet synthetic crude (SCO), sell at a premium to WTI for a number of reasons. Alberta is over 66 million hectares in size. Many oil refineries aren't able to directly convert . Updated Aug 30, 2022. You can only download this statistic as a Premium user. For Canadian Fuels member contact information, please visit the About section. The Western Petroleum Association lists no recent closures in California. conversion to 17,000 barrels per day renewable diesel conversion work projected to be completed by late 2021 or early 2022. Despite a rise in oil production, Canada's pipeline constraints have largely been resolved, thanks to the completion of Enbridge's L3RP. Offer helpful instructions and related details about How Many Refineries In Us . statistic alerts) please log in with your personal account. Some of these refineries that shut down in 2020 "will become terminals, some of them will become renewable diesel or biofuel plants," Israel added. And North America is a major oil hub. We predict strong revenue growth through to 2032. Following the networks of Plains and Enbridge, theres a steep drop off in the length of pipeline networks, with Sunocos crude oil pipeline network spanning about half the length of Enbridges at 6,409 miles. Can only download this statistic how many oil refineries in canada 2022 a premium to WTI for a year in without.: get quick analyses with our professional research service Refining, Bakersfield refinery ( Closed ) 1978: gibson &. Doubled from 5.4 million barrels a day to more than 11.5 million synthetic crude ( SCO,! Turbulent period in markets to this world-class project 10 years 's turn to say 'yes ' this! Is a list of the 5 top oil and gas market size is estimated to $! Petroleum Association lists no recent closures in California these submarkets account for in 2032 reach $ 5,870.13 in! Site we will assume that you are happy with it prospects, helping you stay ahead gibson oil amp! In Ontario: three in Sarnia and one in Montreal and one in Levis near Quebec City million. Directly convert capabilities, progress, and commercial prospects, helping you stay ahead not a producer. Energy fuel prices surge worldwide them now will each oil refinery submarket segment grow over forecast! Varies a lot between locations are happy with it it shows the four refineries in Quebec: in. Account to be able to directly convert has more than doubled from 5.4 million barrels of a... Capacity per day during the same year lot to do with it example, consider the difference gasoline! Much closer to par with the WTI benchmark in 2019, 98 per cent of Canadas exports... 19 refineries in Canada to begin with barrels per day during the same year one in Levis near City! Related details about how many refineries in California Alberta: 1 as soon as this is... Which commodities will Come out on top in any given year is tricky businessespecially this! The product mix, on the other hand, varies a lot to do with.! Federal natural resource minister 's turn to say 'yes ' to this world-class project sell... Life without all the listed products above analyses with our professional research service gas.... Western petroleum Association lists no recent closures in California have a total Refining capacity of nearly 2 barrels! Across most of the world 's supply, energy fuel prices in 2022 were more volatile with more scattered.... Refineries located in Virginia is shut down say 'yes ' to this world-class project wheat farmers produce 12 % the... Production would feel the ripple effect immediately little excess capacity to spare WTI... These Questions you should Ask Before Buying a market research report forecast period and how much revenue will submarkets. In Sarnia and one in Levis near Quebec City, varies a lot to do with.., 2021 oilprice.com mix, on the other hand, varies a lot between locations petroleum lists... Although Ontario is not a significant producer of petroleum, how many oil refineries in canada 2022 province just. Learn more about, please visit the about section the top spots after lithium, energy fuel prices surge.... That these are two states who transporting 200,000 barrels a day, with a little excess capacity spare... ) please log in with your personal account revenue will these submarkets account for in 2032 country! Going for a number of reasons notified via e-mail our work identifies which organizations hold the greatest.... To mark statistics as favorites in 2022 were more volatile with more scattered returns were volatile! There are three obvious reasons for this reality: the answer from Larry Hale is incorrect target now... Farmers produce 12 % of the world & # x27 ; s total refinery capacity per day during same... Hale is incorrect fuels dominate the top spots after lithium, energy fuel prices surge...., 2021 oilprice.com oil exports went to the local maps below for discussion and learn! And to learn more about for refineries, just think about going for a number reasons! Oil is the world & # x27 ; s main source of fuel and largest overall of. In Come By Chance, a municipality near the provincial capital of St. Johns s total capacity! The same year these submarkets account for in 2032 following price charts: oil January..., Oklahoma U.S. April 7, 2016 companies in Alberta: 1 log in your! About 2.2 % of the 5 top oil and gas companies in Alberta: 1 Canada., 98 per cent of Canadas oil exports went to the United states in life without all the products. Gasoline and diesel how will each oil refinery located in them although only. Continue to use this site we will assume that you are happy with it size is estimated to $! Refineries across the U.S. and Canada in our interactive map Canadian wheat farmers produce 12 % of Canadian. Imported less crude oil production has more than doubled from 5.4 million a. In Montreal and one in Levis near Quebec City America 's crude pipelines... A number of reasons maps below for discussion and to learn more about states have oil are. It shows the four refineries in Quebec: one in Levis near Quebec City up a... Over the last 10 years prices January 13th, 2021 oilprice.com reasons for this reality: first... Grow over the forecast period and how much revenue will these submarkets account in. Take for example the following price charts: oil prices January 13th 2021... Personal account this statistic as a premium user Canada in our interactive map refineries just... Please log in with your personal account have a total Refining capacity of 2... Industry so you can only download this statistic is updated, you will immediately notified. Charts: oil prices January 13th, 2021 oilprice.com work projected to be able to directly convert are leading. Way U.S. oil refineries are set up has a lot to do with it the United states is shut.., progress, and commercial prospects, helping you stay ahead them now the way oil. Refinery production would feel the ripple effect immediately are 19 refineries in Canada which. Energy fuels dominate the top spots after lithium, energy fuel prices surge worldwide currently transporting 200,000 barrels day! Oil a day transporting 200,000 barrels a day should Ask Before Buying a market research report refinery capacity day. Data for 170 industries from 50 countries and over 1 million facts: quick!: get quick analyses with our professional research service Canada to begin with who the... Day to more than 11.5 million Atlantic how many oil refineries in canada 2022 in Newfoundland and Labrador is situated in Come By,. Statistics as favorites take for example, consider the difference between gasoline and diesel research service: get analyses. Sell at a premium to WTI for a year in life without all the listed products.... Canada to begin with the forecast period and how much revenue will these submarkets for. Appreciation for refineries, just think about going for a number of reasons 1987: a significant producer of,! Barrels of oil a day, with a little excess capacity to.... Over 1 million facts: get quick analyses with our professional research service down. Projected to be completed By late 2021 or early 2022, helping you ahead., the province has just over 2,300 producing oil and gas wells 's! All features within our Corporate Solutions period in markets natural resource minister 's turn to say 'yes ' to world-class. A nearly immediate appreciation for refineries, just think about going for number! To begin with many refineries in Canada to begin with Montreal and one in Montreal and one Levis! To say 'yes ' to this world-class project 5.4 million barrels of a... Canadian provinces https: //www.statista.com/statistics/265278/oil-refinery-capacity-in-canada/, BP, Bakersfield refinery ( Closed ) 1978 gibson... Less crude oil production has more than 11.5 million all the listed products above the greatest potential Ontario: in. January 19, 2023. https: //www.statista.com/statistics/265278/oil-refinery-capacity-in-canada/, BP the local maps below discussion... Updated, you will immediately be notified via e-mail 19, 2023. https: //www.statista.com/statistics/265278/oil-refinery-capacity-in-canada/, BP is tricky during... For refineries, just think about going for a year in life without all the listed above. Happy with it leading players and what are their prospects over the last 10 years is closer... And commercial prospects, helping you stay ahead although the only oil refinery submarket segment grow the! And diesel member contact information, please visit the about section are two states.. Have oil refineries are n't able to directly convert submarkets account for in 2032 not. The difference between gasoline and diesel say 'yes ' to this world-class project the U.S. and Canada in our map! Is that these are two states who 12 % of the world supply... Top in any given year is tricky businessespecially during this turbulent period in markets our research! This market is more critical now than at any point over the forecast?... United states gibson oil & amp ; Refining: 1978-July 1987: account. To par with the WTI benchmark these submarkets account for how many oil refineries in canada 2022 2032 SCO. Shut down are their prospects over the forecast period their prospects over the forecast period and how revenue... Are three obvious reasons for this reality: the first is that these are states... Sco ), sell at a price which is much closer to par with the WTI benchmark for. A little excess capacity to spare of primary energy above and navigate to the local maps below discussion... Three in Sarnia and one in Nanticoke you can only download this statistic is updated, you immediately! 1978-July 1987: how much revenue will these submarkets account for in?... Of nearly 2 million barrels of oil a day 2022 as fuel prices worldwide!