US refinery throughputs hit record level last week

Oil

US crude refinery throughput hit a record 17.73M b/d in the week ending August 25, according to the US Energy Information Administration (EIA). This was a 264K b/d increase from the prior week. At 457.77M barrels, US crude oil inventories last week were the lowest since January 2016. Meanwhile, US crude oil imports last week averaged just over 7.91M b/d, down by 885K b/d from the previous week.