- A jump in product demand to the highest in ayear — led by record gasoline consumption — countered lower refinery runs in this week’s EIA report. Crude imports from the7 OPEC countries tracked by the EIA fell to the lowest since March.
- Crude exports rose w/w by 624k b/d to 1.78m
- Total product demand measured on weekly basis up by 596 b/d
w/w to 22.1m
- record gasoline consumption for week
Reuters :IRAQI OIL OFFICIAL SAYS OIL MARKET WILL FACE
BIG SUPPLY SHORTAGE POST IRAN SANCTIONS