News Formal

U.S. distillate demand recovery stalls with stocks at 38-year high

  • 📰 Reuters
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

U.S. distillate inventories have climbed to the highest in nearly four decades as refiners continue to ramp up production despite signals that a recovery in road and air traffic demand has stagnated.

FILE PHOTO: Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease , at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, U.S. March 25, 2020. REUTERS/Elijah Nouvelage

The next weekly report due on Wednesday likely will show another build for last week, analysts forecast. Distillate products supplied - a proxy for demand - bottomed in late May at 2.7 million barrels per day , the lowest since 1998, and since has climbed to 3.7 million bpd, EIA data showed. Construction spending, which influences diesel use, fell to a one-year low in June, hit by declining outlays on private and public projects, government data showed.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Mother planes bringing their little ones to the jetgarden. Won't see any helicopter parents here. 🤷‍♂️

How's the 737s doing? Great example of how every big company fuck the average joe.

Beirut writ large

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 2. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock Market May Be Banking On More Stimulus, Bond Markets Don’t See ItThe stock and bond markets are telling different stories about stimulus and the U.S. economic trajectory. Let's go Rangers.
La source: Forbes - 🏆 394. / 53 Lire la suite »

Wall Street is worried China will retaliate against companies like Apple and Tesla after TikTok banNew for subscribers: Wall Street is worried China will retaliate against companies like Apple and Tesla after TikTok ban Check out CNBCPro for a free trial. Pro no, we are not as crazy as trump Pro Good, stop doing business with commies stealing our IP. Pro No they wont. Smthing bigger ..
La source: CNBC - 🏆 12. / 72 Lire la suite »