US crude production remains below 11 mb/d

  • Oil

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. 

opec-crude-supply-weekly-growth
Share this news :

You might also read :

ES-gas
July 22, 2021

European and Asian prices up

European gas prices rebounded yesterday, supported by the increase in oil and Asia JKM prices and technical buying. The rise in parity prices with coal…
ES-gas
June 14, 2021

Prices down on rebound in Norwegian flows

European spot gas prices dropped on Friday, mainly pressured by the increase in Norwegian supply. Indeed, following the (delayed) start-up of Troll, Norwegian flows rebounded…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

START A FREE TRIAL
Subscribe to our newsletter
LOG IN

Don’t have an account yet? 

Sign up here!
[booked-calendar]