Petroleum Refining in California
Companies in the Petroleum Refining industry in California have experienced volatile conditions for the majority of the five-year period. The price of crude oil, which is the main feedstock used by refiners to manufacture a wide variety of products, has decreased drastically when compared with its 2012 levels; consequently, top-line industry revenue declined. This industry is anticipated to recover over the next five years as fuel prices rise and consumption increases. Improving economic conditions in California will sustain demand for petroleum products. Capacity upgrades will lead the way as industry players invest in infrastructure that can handle more crude oil. However, environmental regulations stipulating the inclusion of renewable fuels will pose a challenge to operators, particularly in California.
Industry operators refine crude oil into petroleum products. Petroleum refining involves one or more of the following activities: fractionation, straight distillation of crude oil and cracking. This industry does not include companies that extract crude oil or retail gasoline.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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