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US Crude Refinery Throughputs Climb To Near-Record

Oil

US crude oil refinery throughputs increased by 159K b/d w-o-w to 17.28M b/d in the week ending 19 May, only 4K b/d below the record high recorded in April and up by 1.00M b/d y-o-y, according to the US Energy Information Administration (EIA). US crude imports fell by 296K b/d from the prior week to 8.3M b/d. US crude stocks dropped by 4.43M bbls w-o-w to 516.34M bbls, the lowest since February.