US Oil Demand Is Not Great, There's No Other Way To Put This
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EIA reported a total liquids draw today with crude surprising to the bull side with a draw on the heels of a 6 million bbl SPR release. The crude draw came on the back of a major uptick in refinery throughput, but given the operational capacity, we have perhaps another 500k b/d of throughput to go before maxing out.
US Oil Demand Is Not Great, There's No Other Way To Put This
US Oil Demand Is Not Great, There's No Other…
US Oil Demand Is Not Great, There's No Other Way To Put This
EIA reported a total liquids draw today with crude surprising to the bull side with a draw on the heels of a 6 million bbl SPR release. The crude draw came on the back of a major uptick in refinery throughput, but given the operational capacity, we have perhaps another 500k b/d of throughput to go before maxing out.