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 :

Tighter sanctions, but Russian supply continues to flow for the moment

Downward move at EU gas hubs amid mild and windy weather prospects

Japan ready for recovery… after another recession

Simplifying energy markets