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Thursday, September 20, 2018

REFINERY DEMAND FOR CRUDE OIL HELP TO EXPLAIN HIGH PRICES

In explaining the high crude oil price Petroleum Intelligence Weekly (PIW) 21 August cites refinery demand as one source. Refinery demand for crude feedstock is exceeding wellhead production, partially to make up for low refinery throughputs earlier this year that did not adequately rebuild depleted product stocks.

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