US crude production remains below 11 mb/d

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 :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-oil
April 23, 2021

Light vs heavy

ICE Brent prompt contract hiked to 65.7 $/b, likely due to the sustained backwardation at the prompt. Physical differentials in West Africa continued to weaken,…
ES-power
July 21, 2021

EUAs fell alongside the fuels and oil markets

The power spot prices slightly faded in northwestern Europe yesterday amid forecasts of weaker demand, stronger solar generation and higher French nuclear availability, although the…
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?  Sign up here!

[booked-calendar]