Latest Dynamics in US Energy Markets
Author:
Walter Kurtz
Location: Tokyo
Date: 2014-08-08
Here are two major trends currently underway in the US energy
markets:
Oil & Gas Journal: - Refinery inputs reached a record-high of 16.8 million b/d in each of the past 2 weeks, exceeding the previous record from summer 2005, according to the US Energy Information Administration. Inputs at refineries in the Midwest and Gulf Coast have been particularly high, reflecting these refineries' access to lower-cost crude oil, expansions of refining capacity, and increases in both US demand and exports. These dynamics are part of the reason we see outperformance in
shares of firms like Tesoro for example.
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