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API reports record US petroleum production in April: 10.543 million b/d; strongest April demand since 2007

Green Car Congress

Strong global demand raised international oil prices by more than domestic ones. Domestic WTI crude oil prices averaged $66.25 Meanwhile, international Brent crude oil prices continued to increase by more—8.5 per barrel, which reinforces global economic and oil demand strength. MBD in April.

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EIA: US refineries running at record levels; gasoline demand; exports up

Green Car Congress

Lower crude oil prices and strong demand for petroleum products, primarily gasoline, both in the United States and globally, have led to favorable margins that encourage refinery investment and high refinery runs. The record high gross inputs reflect both higher refinery capacity and higher utilization rates.

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