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US Crude Refinery Throughputs Rise To Near-Record High

Oil

US crude oil refinery throughputs rose by 363K b/d w-o-w to 17.12M b/d in the week ending 12 May, only slightly below the record high of 17.29M b/d reached three weeks before, according to data from the US Energy Information Administration (EIA). US crude imports rose by 970K b/d from the prior week to 8.3M b/d, while US crude stocks decreased by 1.75M bbls w-o-w to 520.77M bbls, the lowest since February.