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US crude oil inventories fell by 1.952 million barrels, gasoline stocks dropped by 3.310 million barrels, and distillates increased by 624,000 barrels according to EIA data. Refinery utilization rose, and petroleum inventories decreased by 5.399 million barrels. TotalEnergies is increasing production at a Texas refinery. Forecasts for 2024 y/y oil demand growth and non-OPEC supply growth were provided by IEA, EIA, and OPEC. US refinery runs rose to 15.785 million barrels per day last week.
U.S. crude oil inventories fell last week as refineries continued to increase their capacity use, according to data released Wednesday by the U.S. Energy Information Administration https://t.co/E65ZdaWOVu https://t.co/E65ZdaWOVu
US crude and gasoline stockpiles fall as refining ramps up - EIA https://t.co/ONgjtisTUm https://t.co/mGnmMCaNSo
Charts on US petroleum inventories in million barrels - EIA #oott https://t.co/dAugkqScJB
