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.
Source: EIA, HFI Research
One thing is of certainty now though - the