US Crude Storage Outlook - Crude Storage To Build In Q1, But All Eyes On Products

For the week ending Jan 6, 2023, we have a crude build of 2 million bbls. This week will likely see both US refinery throughput and production impacted by the previous week's freeze-off.

According to EA, refinery outages should be gone by next week's report, and we suspect US oil production has also returned.