🛢️ — US refineries are about to lose their biggest crude-oil link
US refineries are running at 97.2% utilization — the fastest pace in 8 years — chasing record diesel margins (~US$100/bbl). And just when they need the oil, supply is going to shrink.
Canada, their #1 foreign supplier (~4M+ bpd), is taking about 300,000 bpd of oil sands production offline next month for maintenance (Rystad), with Alberta inventories already at 1-year lows. Midwestern refineries — once thought to be shielded from the Hormuz shock — are now facing pressure on both sides: Gulf supply remains constrained and northern barrels are drying up.
The result: a severe shortage of feedstock, which feeds directly into pump prices at retail ahead of Labor Day. With Cushing inventories at multi-decade lows, the SPR at lows of ~40 years, and Brent near US$93– #UsCanadaTradeWar #AEROSurges17%In24Hours #IranSaysItCapturedUSUnmannedSubmarine #CanadaToImpose15%To50%TariffsOnUSGoods #CanadaTariffsOnUSTakeEffect $BNB
$BTC
$XRP
US refineries are running at 97.2% utilization — the fastest pace in 8 years — chasing record diesel margins (~US$100/bbl). And just when they need the oil, supply is going to shrink.
Canada, their #1 foreign supplier (~4M+ bpd), is taking about 300,000 bpd of oil sands production offline next month for maintenance (Rystad), with Alberta inventories already at 1-year lows. Midwestern refineries — once thought to be shielded from the Hormuz shock — are now facing pressure on both sides: Gulf supply remains constrained and northern barrels are drying up.
The result: a severe shortage of feedstock, which feeds directly into pump prices at retail ahead of Labor Day. With Cushing inventories at multi-decade lows, the SPR at lows of ~40 years, and Brent near US$93– #UsCanadaTradeWar #AEROSurges17%In24Hours #IranSaysItCapturedUSUnmannedSubmarine #CanadaToImpose15%To50%TariffsOnUSGoods #CanadaTariffsOnUSTakeEffect $BNB
$BTC
$XRP
