U.S. refiners key to stabilizing global energy markets

When geopolitical conflict disrupts major oil-producing regions and energy supply chains, the impact is global. Everyone around the whole world feels it.

U.S. refiners play a critical role in moments of supply/demand imbalance. Thanks to their scale, complexity, efficiency and global reach, American refineries keep fuel flowing efficiently here at home while also supplying much-needed gasoline, diesel, jet fuel and other products to our allies abroad.

The U.S. refining industry is not only the world's leading producer of refined products, it's also a cornerstone of global energy stability.

How the United States helps stabilize the market

The United States serves as a key stabilizer in global fuel markets for several reasons:

• Complexity and scale: What truly sets the United States apart is the sophistication and scale of its refining system. Our refineries are among the most advanced in the world, capable of processing the toughest types of crude oil into the exact fuel products consumers need most. And the United States has the second highest refining capacity of any country.
• High utilization rates: U.S. refineries consistently operate at world-leading utilization rates, producing more gasoline, diesel, jet fuel and other products than any other global refining system - meeting U.S. demand for refined products and supplying global markets.
• Global reach (and influence) through exports: When America's allies face fuel and product shortages in other parts of the world, the United States is able to provide support via trade. American refiners are the largest suppliers of fuel and products to the global market, making us a lifeline during times of uncertainty and disruption elsewhere.

U.S. refiners are not just domestic suppliers - though they make more fuel than the United States even consumes - they're also essential to keeping and restoring balance to global energy markets.