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Weekly EIA Oil Report – July 7th

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Miguel A. Rodriguez
Miguel A. Rodriguez
08 July 2022
Here are the latest details from the U.S. Energy Information Administration regarding diesel fuel, heating oil, gasoline and many more, for the week ending on July 1st

U.S. crude oil refinery inputs averaged 16.4 million barrels per day, which was 228,000 barrels per day lower than the previous week’s average, with refineries working at 94.5% of their capacity.

Gasoline production increased last week, averaging 10.3 million barrels/day. Distillate fuel production increased, averaging 5.4 million barrels per day.

U.S. crude oil imports averaged 6.8 million barrels per day last week, 0.8 million barrels per day higher from the previous week, with imports averaging approx. 6.5 million barrels/day.

U.S. commercial crude oil inventories increased by 8.2 million barrels from the previous week to 423.8 million barrels. Considering the figures, the inventories are about 10% below the five-year average for this time of year.

Sources: eia.gov

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.