ToTheTop schreef op 1 september 2020 23:12:
Oil production in the United States rose slightly this week, still down significantly from a high of 13.1 million bpd on March 13. U.S. oil production currently sits at 10.8 million bpd as of August 21, according to the Energy Information Administration—2.3 million bpd under March highs.
The API reported a large draw in gasoline inventories too, of 5.761 million barrels of gasoline for the week ending August 28—compared to last week’s 6.392-million-barrel draw. Analysts had expected a much smaller 3.036-million-barrel draw for the week.
Distillate inventories were down by 1.424 million barrels for the week, compared to last week’s 2.259-million-barrel build, while Cushing inventory fell by 237,000 barrels.
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