RigData Insights

Crude imports rise as fall turnaround season ends

  • Wednesday, December 13, 2017
  • Posted By Meagan Wildfong

121317 Source: Barrel Blog | Mary Hogan, Associate editor | December 12, 2017

 

Crude imports into the Louisiana Offshore Oil Port increased by 4.628 million barrels in November, as refinery maintenance season came to a close and amid a relatively stable Dubai/WTI spread.

 

The move higher also comes as traders seek to draw down inventories to lower year-end tax bills.

 

In November, LOOP took in 11.256 million barrels, compared with only 6.628 million in October, according to US Customs data. Of November imported volumes, 9.331 million barrels were supplied by Middle East producers and 1.924 million barrels came from Latin American suppliers.

 

Increasing refinery run rates contributed to the uptick in imported barrels, as regional refiners completed fall maintenance periods.

 

To complete article, please follow this link to the Barrel Blog. 

 

‚Äč

Archives


Topics




Login

Forgot your password?

Retrieve Your Password

Enter your email address and we will send you an email with instructions to reset your password.