US distillates demand sees oil products hit 2010 high
US DEMAND for oil products has risen to a 2010 high, as improving industrial production boosts trucking and railway transportation and increases the need for distillates.
Total oil product demand climbed last week to 19.5m barrels per day, up 8% year-on-year and increasing more than 1m bpd on the previous week to April 23, according to data from the Energy Information Agency.
“EIA data showed very...
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