- Finished motor gasoline supply has lowered -6% on a yearly basis.
- Gasoline futures in the US traded above the $2.75 per gallon mark, rebounding slightly from the four-week low of $2.69 touched on April 22nd amid a fresh decline in domestic inventories.
- The latest report from the EIA showed that gasoline stocks fell by 634 thousand barrels on the week ending April 19th, extending the 1.15-million-barrel draw from the earlier week, and magnifying the press on supply amid the sharper-than-expected 6.38 million decline in crude oil stocks.
- Supply concerns were also present in foreign markets, amid continued pressure on the capacity of Russian refineries due to maintenance issues, floods, and attacks from Ukrainian drones.
Natural Gas
LNG inventory remains strong, prices are stable
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