US EIA Gasoline Production Change (Mar/20) 0.309M (Prev. -0.462M)
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US EIA Gasoline Production Change (Mar/20) 0.309M (Prev. -0.462M)
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 latest EIA report indicates a significant rebound in U.S. gasoline production, with a rise of 0.309 million barrels compared to a previous decline of 0.462 million. This uptick may suggest improved refinery activity, which could help ease supply constraints that have been affecting prices. Traders should monitor how this impacts gasoline inventories and overall market sentiment going forward.
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