U.S. Refinery Utilization Rate Falls Below Expectations

The U.S. refinery utilization rate for the week ending February 20 was reported at 88.6%, falling short of the anticipated 91.4%, according to Jin10. This marks a decrease from the previous week's rate of 91%. The lower-than-expected utilization rate may impact the supply dynamics in the energy sector, potentially influencing market prices and refining operations. Analysts are closely monitoring these developments to assess their implications on the broader energy market.