Margins push global refinery turnarounds 40% lower
The biggest outages will be in Asia but there are stark regional differences
Global refinery turnarounds (TARs) will be almost 40% lower in October compared with a year earlier, as refiners continue to take advantage of cheap crude and healthy margins. This year, TARs-when facilities are taken off line for scheduled maintenance-are expected to peak in October at 5.4m barrels a day, according to Energy Aspects. This is 3.27m b/d lower than in October last year, a drop of 37.7%. The largest scheduled maintenance periods are expected to be in Asia, with around 1.92m b/d of capacity being shut that month-462,000 b/d less than in October 2015. Seasonal maintenance periods usually tighten global petroleum supply as there is less available distillation capacity to pump out
Also in this section
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
16 February 2026
As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026
