Loading…
US refineries processed about 17.3 million barrels of crude per day in the latest week, 620,000 bpd above a year earlier, and demand for gasoline and diesel rose from Latin America. Saudi Arabia has restricted exports and plans to ship less than 6.6 million bpd in August, the lowest for that month since 2010.
OPEC exports have risen from Libya and Nigeria, which are exempt from the production deal.
Tightening physical crude and strong refined-fuel demand point to firmer prices for crude and diesel, raising fuel costs for feed logistics.
arabnews.comJohn KempJul 29, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
