Cowen on Crude: "We forecast a 1.8MM bbl crude build, in-line with API and seasonal historical levels. Imports could increase 0.4MM bpd w/w while exports fall 0.4MM bpd. We estimate that refinery throughput will increase 0.1MM bpd w/w. The production adjustment could fall 0.1MM bpd w/w."
On Gasoline: "We forecast a 3.9MM bbl gasoline draw compared to API's 0.5MM bbl build and seasonal historical 2.6MM bbl draw. We estimate last week's demand was in-line with reported levels; our 4 week average demand is 2% below 2019 levels, compared to DOE's reading of flat. We estimate 2% lower demand from 2019 levels for this week, or a 0.5MM bpd decline w/w. We have refinery output flat w/w from our estimated level last week. Imports may also be flat w/w while exports could increase 0.2MM bpd."
On Gasoline: "We forecast a 3.9MM bbl gasoline draw compared to API's 0.5MM bbl build and seasonal historical 2.6MM bbl draw. We estimate last week's demand was in-line with reported levels; our 4 week average demand is 2% below 2019 levels, compared to DOE's reading of flat. We estimate 2% lower demand from 2019 levels for this week, or a 0.5MM bpd decline w/w. We have refinery output flat w/w from our estimated level last week. Imports may also be flat w/w while exports could increase 0.2MM bpd."
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.