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US Oil Refiners’ Weekly Capacity to Fall by 450,000 Barrels Per Day, IIR Energy Says

Business & Policy
January 16, 2026

(Reuters) – U.S. oil refiners are expected to have about 724,000 barrels per day of capacity offline in the week ending January 16, decreasing available refining capacity by 450,000 bpd, research company IIR Energy said on Friday.

Offline capacity is expected to rise to 1.1 million in the week ending January 23, IIR said.

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The following are IIR weekly figures for offline capacity (in thousands of bpd):

Week Ended	Jan 16	Jan 14	Jan 12
01/23/2026	1,096	1,096	1,096
01/16/2026	724	724	724
01/09/2026	274	274	274
01/02/2026	156	156	156

Note: The offline capacity figures are based on IIR Energy data gathered on all planned and unplanned outages at refiners across the United States. The current week’s figure will be revised as more information becomes available.

Reporting by Pablo Sinha in Bengaluru; Editing by Joe Bavier