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  • Crude Inventory Rose 3.9 Million Barrels Last Week, Says EIA

    From streetinsider.com

    U.S. crude oil refinery inputs averaged 15.7 million barrels per day during the week ending September 27, 2024, which was 662 thousand barrels per day less than the previous week’s average. Refineries operated at 87.6% of their operable capacity last week. Gasoline production decreased last week, averaging 9.6 million barrels per day. Distillate fuel production decreased last week, averaging 4.8 million barrels per day. U.S. crude oil imports averaged 6.6 million barrels per day last week, increased by 171 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about ... (full story)

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    Musalem, Bowman: 2024 Community Banking Research Conference

    From youtube.com|Oct 2, 2024

    The twelfth annual Community Banking Research Conference—sponsored by the Federal Reserve System, the Conference of State Bank Supervisors (CSBS) and the Federal Deposit Insurance ...

    56th Meeting of the Joint Ministerial Monitoring Committee

    From opec.org|Oct 2, 2024

    The Joint Ministerial Monitoring Committee (JMMC) reviewed the crude oil production data for the months of July and August 2024 and current market conditions. During the meeting, the Republic of Iraq, the Republic of Kazakhstan, and the Russian Federation confirmed that they had achieved full conformity and compensation according to the schedules submitted for September. The three countries reiterated their strong commitment to maintaining full conformity and compensation throughout the remaining period of the agreement. The final assessments of September crude oil production levels will be based on the approved secondary sources providing data on production of countries participating in Declaration of Cooperation (DoC), which will be available by the second week of October 2024. The Committee noted the three separate technical workshops between representatives from the Republic of Iraq, the Republic of K post: #Opec +: The next meeting of the JMMC (57th) is scheduled for 01 December 2024. #oott https://t.co/kYFfWvXIPJ

    The Most Insulting Economic Narrative

    From disciplinefunds.com|Oct 2, 2024

    One of the big puzzles of the last few years has been consumer sentiment. The US economy and stock market have outperformed virtually every global economy and market. Wages have ...

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