#USRefinersFaceLoomingCrudeSupplyDrop
🚨 U.S. REFINERS ARE RUNNING HARDER WHILE THEIR CRUDE SUPPLY GETS TIGHTER
I’m watching the U.S. refining market closely because the real squeeze may not be crude prices alone. Saudi crude shipments to the U.S. fell to zero in July, while global disruptions are forcing refiners to compete harder for available barrels. At the same time, U.S. refiners are exporting diesel at record levels, pushing domestic inventories toward a 30-year seasonal low.
That combination is dangerous.
Less crude, tighter fuel inventories, stronger export demand.
If supply stays constrained, refining margins can remain elevated and fuel prices could face another shock.
The market is watching oil.
I’m watching the barrels disappearing behind the oil price. 🛢️🔥
#oil #WTI #energy #markets
🚨 U.S. REFINERS ARE RUNNING HARDER WHILE THEIR CRUDE SUPPLY GETS TIGHTER
I’m watching the U.S. refining market closely because the real squeeze may not be crude prices alone. Saudi crude shipments to the U.S. fell to zero in July, while global disruptions are forcing refiners to compete harder for available barrels. At the same time, U.S. refiners are exporting diesel at record levels, pushing domestic inventories toward a 30-year seasonal low.
That combination is dangerous.
Less crude, tighter fuel inventories, stronger export demand.
If supply stays constrained, refining margins can remain elevated and fuel prices could face another shock.
The market is watching oil.
I’m watching the barrels disappearing behind the oil price. 🛢️🔥
#oil #WTI #energy #markets