Americas News
Run Rates cut at Exxon Refineries
Tuesday March 24, 2020
In line with the dialing down of economic activity, Exxon's Beaumont refinery has cut its process rate by a fifth.
The company has cited weak demand for gasoline and other products from the 369,000 barrels a day (b/d) plant as the reason behind the reduction, according to business news provider Bloomberg.
A cut in production of a similar order is also in the pipeline for the firm's 502,500 b/d Baton Rouge plant, the report said.
The US refining sector has already started to cut staff in response to weakening demand.
