Energy Data Response

15 May, 2019

US Weekly Petroleum Status Report

US crude stocks returned to their recent run of unseasonal builds last week. This was despite the refinery utilisation rate, net imports and production all implying a drawdown. That said, there is rarely a simple arithmetic read-across from these factors to the overall flow of stocks. Nevertheless, we still expect crude stocks to be drawn down in the coming months as refineries continue to come out of maintenance.

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