Refinery runs… Fuel Fix – Commodity Research Group

January 21, 2017 by Jim Colburn Leave a Comment

Demand for crude oil should soften seasonally in the US as refiners head into maintenance…

Matt Smith at Fuel Fix shows current refinery runs in perspective:

Here is his commentary:

“4) After a completely counter-seasonal increase of 418,000 bpd to refinery runs for the second week of the year, logic has prevailed in yesterday’s weekly EIA inventory report as runs dropped by a whopping 639,000 bpd. Now it seems we are back on an even playing field, with runs down 221,000 bpd since the beginning of the year, heading lower in the coming weeks as refinery maintenance ramps up.

Even though this now makes sense over the two-week average, it does cause one to wonder as to the validity of last week’s print.”

http://fuelfix.com/blog/2017/01/20/market-currents-chinese-oil-demand-pace-to-slow/

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

Reader Interactions

Leave a Reply Cancel reply