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Saturday, February 4, 2017

Why U.S. Crude Imports Might Not Drop Despite OPEC's Cuts


INO.com Traders Blog http://ift.tt/2kcO4wf U.S. oil inventories have increased by 20 million barrels since OPEC’s cut went into effect. Preliminary estimates of imports from OPEC members reveal an increase in the four-week trend of 77,000 b/d thus far in January from end-December. The largest increase, 148,000 b/d, was from Saudi Arabia. I also observed that Saudi Arabia and Russia […]

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