When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
YGRN - Oil - Low Refinery Throughput Does Not Appear To Be A Structural Issue Just Yet
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
Welcome to the disappointing refinery throughput edition of Oil Markets Daily!
US refinery throughput in 2019 has been absolutely dismal compared to 2018.
Source: EIA, HFI Research
Our main point related to the dismal throughput has to do with US refinery throughput from September to December.
US refinery maintenance from September 2019 to December 2019 will average 1.326 mb/d or 436k b/d higher than 2018's 890k b/d. This combined with the unfortunate event at PES has reduced US refinery throughput from Sept to Dec y-o-y by 647k b/d.