Altarius Capital

U.S. Crude Inventories Are Set to Decline In 2H 2019: Take A Look at Refinery Throughput and Adjustment Factor

  • KSA will keep exports low until they balance US market.
  • Unusually low US refinery throughput and extremely high adjustment factor explain to a large extent the recent surplus in US crude inventories.

Link: https://seekingalpha.com/article/4274068-u-s-crude-inventories-set-decline-2h-2019-take-look-refinery-throughput-adjustment-factor?source=all_articles_title