View full page at energyexch.com

 

U.S. Is Awash With Gasoline in ‘Lumpy’ Rebound From Pandemic

From bnnbloomberg.ca

American oil refiners eager to boost gasoline production for the summer driving season are leaving the country awash with fuel at a time when the rebound in consumption is still uncertain. U.S. gasoline stockpiles have jumped to the highest in three-months, while a measure of demand fell to a three-month low, according to a government report published Wednesday. The ballooning supplies show how the path of recovery from the devastating impact the pandemic had on demand may be volatile for the next few months, even as the world’s top oil consumer opens up. “Refiners may have gotten ahead of themselves, given that ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis