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NRGZ - Open Insights: EIA's Weekly Petroleum Report (08/16/19)
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E Sr MedTrm Nt
Continuing our weekly series, Open Insights, we’ll take a look at the EIA’s Weekly Petroleum Status Report (“WPSR”) for the week of August 16, 2019.
EIA reported a crude draw of 2.7 million barrels for the week, as net imports fell off given higher exports and lower crude imports. Together, they contributed to a lower net imports figure equivalent to over 4 million barrels for the week. Refinery utilization surprisingly increased by 1.1%, offsetting the 1.5% decline from the last week, representing an almost 400K bpd increase in crude demand, or 2.8 million barrels for