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???????? ???????????? ???????????? ??????????:????????????? ???????????? ???????????? ???? ???????????????????? ???????????????? ?????????????? [10.23.24] The closure of another #refinery in #California was inevitable with the headwinds stacked against suppliers of conventional #gasoline and #diesel in the State. The timing of the announced closure of P66’s Wilmington refinery in California by end-2025 was a bit of a surprise but it highlights how supply adjustments are done on an individual asset basis and may not coincide with regional demand trends. However, given the timing of the closure, declining demand and the production of alternative #fuels to meet tighter emissions requirements, there will be limited impact on the gasoline, diesel and jet fuel #markets. Another closure could have more of an impact, again depending on its timing. To access ESAI Energy's full market alert and its complimentary data, please contact Reid Rothman ([email protected]).

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