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U.S. crude oil refinery inputs averaged 17.0 million barrels per day during the week ending June 7, 2024, which was 98 thousand barrels per day less than the previous week’s average. Refineries operated at 95.0% of their operable capacity last week. Gasoline production increased last week, averaging 10.1 million barrels per day. Distillate fuel production ...
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The IEA said today that it expects global liquids production capacity to exceed demand by more than 8mn b/d by the end of this decade, which it said could "usher in a lower oil price environment, posing tough challenges for producers in the US shale patch and the Opec+ bloc". The Paris-based consumer watchdog, in its medium term Oil 2024 report, said it ...