News about Saudi Arabia, Russia

CHART OF THE DAY: American total oil exports (crude and refined products, on a gross basis) surged last week pass the 12 million barrels per day level | #OOTT #ShaleRevolution #Permian #Texas pic.twitter.com/aKvqfL2f2G

EIA data, week ending 4/19 Crude oil: -6.4M Domestic prod: 13.1MMbpd SPR: +0.8M Cushing: -0.6M Gasoline: -0.6M Impld mogas demand: 8.42Mbpd Distillates: +1.6M Refiner utilz: 88.5% Total exports: 12.1MMbpd GasBuddy mogas demand: 8.82Mbpd (wk ending 4/20) #oil #OOTT #gasbuddy #eia

Oil Refining Profits Seen at Two-Year Lows on Gloomy Outlook US independent refiners are Wall Street darlings this year Interest-rate outlook, supply threats whipsawing sentiment #oott www.bloomberg.com/news/articles/2024-04-24/oil-refining-profits-seen-at-two-year-lows-on-gloomy-outlook?srnd=markets-vp&sref=f2E6A62x

US crude inventories fell by 5.575mb last week (commercial: -6.368mb, SPR: +0.793mb) EIA #oott