US crude production remains below 11 mb/d

Oil
April 29, 2021

ICE Brent crude oil gained a dollar, to 67.7 $/b at the prompt, supported by a relatively constructive EIA weekly report but also strengthening cracks globally. US demand remained strong, despite a pullback in gasoline consumption, while US refiners processed 15 mb/d of crude last week. US crude production remained pegged to 11 mb/d, which should continue to incentivize greater crude imports.

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US crude production remains below 11 mb/d

You might also read :

First consequences of the war on industrial activity in Europe

EUAs gave back early losses on retracing gas prices

EUAs erased Monday’s losses

Simplifying energy markets