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EIA: US refinery utilization rate to exceed 95% in 2026, a new high for the period since 1998
The U.S. Energy Information Administration (EIA) reported that U.S. refinery utilization was higher than normal in 2026, with an average capacity utilization exceeding 95% from May to September, the highest for that period since 1998. Tight global product supplies boosted margins for petroleum products, especially diesel, which incentivized refineries to increase operating rates.
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