Tag: EIA data
American refinery utilization rises, gasoline stocks building – Platts
EIA data showed gasoline stocks build, crude oil drawdown paints mixed picture One bullish sign emerging Wednesday from the US Energy Information Administration data was the fact that refinery utilization rose last week, according to an analysis from S&P Global Platts. Crude oil runs increased 319,000 b/d last week to 16.863 million b/d, pushing refinery utilization 0.9 […]
EIA data likely to show 2.9M barrels of oil stock build up
Economist Philip Verleger, using monthly storage costs at 50 cents/b, calculated the returns to storage for WTI were positive as of April 1 New York -According to analysis by Platts oil futures editor Geoffrey Craig, with U.S. refinery run rates already quite high, the potential for data this week to show further increases appears limited, and […]
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