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USAI - Open Insights: EIA's Weekly Petroleum Report (07/19/19)
American Energy Independence
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 19, 2019.
EIA reported a crude draw of 10.8 million barrels for the week, largely due to the impact of Hurricane Berry as it threaded the needle in the Gulf of Mexico, shutting in production but leaving refineries and their throughput little touched. Both imports and exports increased as shipping channels were reopened. Net crude imports overall fell 562K bpd as exports led the way.
Refinery utilization dipped slightly by 1.2%, again