U.S. crude oil refinery inputs averaged 15.1 million barrels per day during the week ending October 8, 2021 which was 0.7 million barrels per day less than the previous week’s average. Refineries operated at 86.7% of their operable capacity last week. Gasoline production increased last week, averaging 9.6 million barrels per day. Distillate fuel production decreased last week, averaging 4.7 million barrels per day. U.S. crude oil imports averaged 6.0 million barrels per day last week, decreased by 1.0 million barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.5 ... (full story)

Oil prices are higher this morning after a mixed picture from API (big crude build offset by big gasoline draw) and helped by comments from IEA that shortages of natural gas in Europe and Asia are boosting demand for crude API • Crude +5.213mm (+900k exp) • Cushing -2.275mm • Gasoline -4.575mm (+600k exp) • Distillates -2.707mm (-1.1mm exp) DOE • Crude +6.008mm (+900k exp) • Cushing -1.968mm • Gasoline -1.958mm (+600k exp) • Distillates -24k (-1.1mm exp) Crude stocks rose by the most since March last week - the 3rd weekly build in a row - but the draw in gasoline and distillates was modest... {chart} US Crude ... (full story)