US EIA Distillate Fuel Production Change (Mar/20) 0.157M (Prev. -0.075M)
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US EIA Distillate Fuel Production Change (Mar/20) 0.157M (Prev. -0.075M)
Senior Iranian Official says Iran's initial response to the US proposal is "not positive" but Iran is still reviewing the proposal, Reuters reports
EIA Expectations: Crude -0.6M, Distillate -1.0M, Gasoline -2.0M
On the Newsquawk feed at , 20 minutes before this page.
Context
The U.S. EIA reported an increase in distillate fuel production, rising by 0.157 million barrels, reversing the previous month's decline. This rebound could indicate improved refinery activity and may influence supply dynamics, potentially lowering prices if sustained. Traders should monitor this trend closely as it impacts the overall energy market sentiment and inflationary pressures.
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