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SZO - EIA 914: U.S. Oil Production Set To Ramp Into Year End
DB Crude Oil Short ETN
Welcome to the EIA 914 edition of Oil Markets Daily!
US oil production has been the least surprising variable this year. The growth trajectory is so far in-line with previous estimates with year-end figures ranging between ~12.8 to ~12.9 mb/d. Refinery throughput, on the other hand, has been the most unpredictable and another article will follow sometime next week.
EIA 914 came out today showing a production figure of ~12.46 mb/d or practically in-line with the weekly estimate published by the EIA.