EMD006 - Market Update
Core daily briefing for energy executives following today's EIA Weekly Petroleum Status Report. Surprise crude inventory build of 0.62 million barrels, gasoline draw of 1.3 million barrels, refinery utilization at historically low 75.8%, and market implications for energy capital allocation.
Energy Markets Daily's Market Update following today's pivotal EIA Weekly Petroleum Status Report. We analyze the surprise crude inventory build of 0.62 million barrels (contrary to expectations), gasoline inventory draw of 1.3 million barrels signaling continued strong demand, refinery utilization at historically low 75.8% vs typical 90% for late summer, and the strategic implications for energy executives and institutional capital allocation decisions.
