2nd Update:
Well, we got that big surprise, primarily because crude imports were sharply down from last week. Some excerpts:
U.S. crude oil refinery inputs averaged 14.9 million barrels per day during the week ending November 16, down 151,000 barrels per day from the previous week’s average. Refineries operated at 87.0 percent of their operable capacity last [...]
Distillates,Distillates >
This Week in Petroleum 11-21-07 
This Week in Petroleum 3-28-07
The supply situation is quickly coming to a head, and many questions will be answered in the coming weeks. Will OPEC increase oil production? Can they? Will there be any relief from rising gasoline prices? Will gasoline demand remain strong in the face of the recent price spike?
The trend at this time of the year [...]
This Week in Petroleum 10-3-07
I almost never talk about distillates, which are hydrocarbons that are heavier than gasoline and are used to make diesel and heating oil. I don’t use heating oil or diesel, so I don’t think about this market too much, but I know that a lot of people do. And for those who do, it’s shaping [...]
