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Energy Investing
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EIA: excellent reportHard to imagine better. Huge crude and gasoline drain total and specifically in Padd 3 despite higher imports. Plus SPR drain Padd 3: Crude: 5.1 mm bbl Gasoline: 4.3 mm bbl This is huge in a single week. More drain coming as refiners raise utilization. Exports maintained high due to high ww demand. Imports -elevated, but not hugely due to tightness US production is not rising adjustments plunged to normal suggesting that production/imports/exports are balanced. romm |
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