mmbbls
Crude +1.7 (vs. -2.0 fcst); Cushing -0.3
Gasoline -1.4 (vs. +0.5 fcst)
Distillates -3.5 (vs. -2.2 fcst)
Refinery Runs -62.0Kbbls/d
"For distillates you can focus on the bad weather. For crude, we still have a disturbing lack of incentive for refiners to produce. They seem to be allowing inventories to go down until they see better refining margins," said Phil Flynn, analyst at PFGBest Research in Chicago.
Source: Reuters
Crude +1.7 (vs. -2.0 fcst); Cushing -0.3
Gasoline -1.4 (vs. +0.5 fcst)
Distillates -3.5 (vs. -2.2 fcst)
Refinery Runs -62.0Kbbls/d
"For distillates you can focus on the bad weather. For crude, we still have a disturbing lack of incentive for refiners to produce. They seem to be allowing inventories to go down until they see better refining margins," said Phil Flynn, analyst at PFGBest Research in Chicago.
Source: Reuters