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We’ve recently stepped away from our weekly review in order to finalize our Q2 2019 letter, which our readers can find here. Now back to the weekly reviews.
Continuing our weekly series, Open Insights, we’ll take a look at the EIA’s Weekly Petroleum Status Report (“WPSR”) for the week of July 12, 2019.
EIA reported a crude draw of 3.1M barrels for the week, one affected by Hurricane Barry. Both imports and exports were lower significantly as the hurricane moved its way through the Gulf of Mexico. With a percentage of GOM rigs shut-in,