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 :

Downward correction in Europe

Optimism is fading: lockdown is spreading worldwide and the ECB comforts expectations that central banks cannot do much more

The emissions and power prices tracked the surging fuels markets

Simplifying energy markets