Lost hydrocarbon in the US reaches 1.1 mb/d

Brent prompt future contract slipped back to 67.3 $/b as the lost US production was estimated to be at 1.1 mb/d for last week. The picture for petroleum products is looking increasingly bullish, as the US refinery runs dropped by 2.6 mb/d and could take a significant amount of time to resume. Japanese refinery utilization, dropped to 68% (-10% pts w/w) as refineries in the west part of the archipelago were recovering from the earthquake experienced last week. Yet, commercial stocks in Japan continued to dip by almost 4 mb. 

Share this news :

You might also read :

April 27, 2022

Euro at 5-year low against USD

1.0616 at the time of writing, possibly lower by the time of publication. The EUR/USD exchange rate has sunk below its 2020 lows. You have to go…
December 5, 2022

Upheld Optimism

Macro & Oil Podcast #6 In this EnergyScan podcast, Olivier Gasnier tells us that the markets are currently benefitting from a wave of optimism, brought…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet?