US EIA Refinery Crude Runs Change (Mar/13) 0.063M (prev. 0.328M)
Newsquawk Staff ·
US EIA Refinery Crude Runs Change (Mar/13) 0.063M (prev. 0.328M)
What it means
The latest EIA data shows US refinery crude runs increased by just 0.063 million barrels per day, a notable slowdown from the previous rise of 0.328 million. This potentially signals a tighter supply dynamic in the market, which could influence WTI and Brent prices as demand remains robust. Traders should consider the implications for crude inventory levels and overall market sentiment as we move forward.
- ADNOC reportedly informed some Asian refiners that it may begin delivering Upper Zakum crude via a new pipeline to the Fujairah terminal in early 2027, allowing shipments to bypass the disrupted Strait of Hormuz, according to Bloomberg
- EIA Expectations: Crude +0.35M, Distillate -0.63M, Gasoline -1M
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- Russian Deputy PM Novak says they are open to work with US partners on energy, but there are no current discussions around a return to specific projects
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