FX.co ★ US Refinery Crude Runs Decrease in Latest Week

The Energy Information Administration (EIA) has reported a decrease in refinery crude runs in the United States for the latest week-over-week comparison period. The most recent data, updated on March 13, 2024, shows that refinery crude runs have dropped to 0.39 million barrels per day from the previous indicator of 0.594 million barrels per day.

This decline indicates a decrease in the amount of crude oil processed by US refineries, which could have implications for the production of refined petroleum products such as gasoline, diesel, and jet fuel. The week-over-week comparison provides insight into the shifting dynamics of the US energy sector, highlighting changes in demand for refined products and overall refining capacity utilization. Analysts will be closely monitoring these trends to assess the impact on domestic fuel supplies and market dynamics.