Global refinery throughput falls in October to seasonal low of 81.3 mbd — IEA

Global oil refining throughput fell by 1.3 mln barrels per day in October 2026

MOSCOW, November 13. /TASS/. Global oil refining throughput fell by 1.3 mln barrels per day (mbd) in October 2026 month-on-month to a seasonal low of 81.3 mbd, the International Energy Agency (IEA) reported.

The IEA forecasts it to recover to 84.7 mbd in December. Global refining volumes are expected to grow by 2.5 mbd by 2027 to 84.3 mbd following an average annual decline of 2.2 mbd recorded in 2026.

In October, refining margins declined almost across the board, the agency noted. Asian refineries, in particular, faced record-high freight costs. US refineries benefited from lower crude oil prices, though a decrease in gasoline prices had a negative impact on their profits.

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