Oil Refinery Throughput — - Oil Refinery Throughput refers to the actual volume of crude oil and other refinery feedstocks processed by petroleum refineries during a given period. It is typically measured in thousand barrels per day (kb/d) and represents the operational output of the refining sector rather than its installed capacity. This indicator reflects the extent to which refinery infrastructure is utilized to convert crude oil into refined petroleum products such as gasoline, diesel, jet fuel, kerosene, fuel oil, liquefied petroleum gas (LPG), and other petroleum products. Oil Refinery Throughput is widely used to assess refinery operations, downstream petroleum activity, fuel production levels, and the efficiency of refinery utilization.
Measured in thousand barrels daily, the dataset represents the actual volume of crude oil processed by refineries across the region each day. It serves as an important indicator of refinery utilization, fuel production, industrial efficiency, energy security, and the region's ability to meet domestic petroleum product demand.
South and Central America recorded oil refinery throughput of 4,667 thousand barrels daily in 2015, declining to 4,359 thousand barrels daily in 2016 and 4,093 thousand barrels daily in 2017. Throughput continued to decrease to 3,832 thousand barrels daily in 2018 and 3,537 thousand barrels daily in 2019. In 2020, regional refinery throughput declined further to 3,298 thousand barrels daily because of reduced fuel demand, refinery disruptions, and pandemic-related operational challenges. Processing volumes recovered to 3,577 thousand barrels daily in 2021, increased to 3,655 thousand barrels daily in 2022, and reached 3,767 thousand barrels daily in 2023, reflecting gradual improvement in refinery operations across the region.
Overall, the dataset demonstrates a downward long-term trend in refinery throughput with moderate fluctuations throughout the review period. Although refinery activity improved after 2020, processing volumes remained below the levels recorded at the beginning of the period, indicating uneven downstream recovery across regional markets.
The dataset is valuable for evaluating South and Central America's refinery throughput trends, analyzing regional downstream industry performance, and assessing crude oil processing activity. It supports refinery utilization analysis, investment planning, energy security assessments, market evaluation, and policy development while providing valuable insights for researchers, analysts, industry stakeholders, and policymakers studying refinery efficiency, infrastructure utilization, and the long-term development of the region's petroleum refining industry.