NewsSignals AI analysis·Reuters·
US refiners have run harder in 2026 as tight diesel supplies boost margins, EIA says
Grade Bbullish AI signal$HO
US refiners have operated above 95% of capacity from May through September 2026, the highest utilization for those months since 1998, as tight global diesel supplies boost refining margins.
The EIA attributed strong refinery runs to international demand for US distillate exports, while diesel prices reached record highs amid supply disruptions linked to the Iran war and Ukrainian strikes on Russian refineries.
Persistently tight diesel supplies could support refining margins, although easing utilization from summer highs may moderate production momentum.</summary>
Bullish strength: 65/100
- Tight global distillate supplies have boosted refining margins.
- Refinery utilization exceeded 95% from May through September, the highest for those months since 1998.
- Strong international demand for US distillate exports has supported refinery runs.
Bearish strength: 35/100
- Refinery utilization declined from summer highs during the first three weeks of October.
- Total US refinery output has not reached its highest level since 1998, with output highest only since 2019.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.