Readout of National Security Advisor Jake Sullivan’s meeting with Chinese Communist Party Politburo Member, Director of the Office of the Foreign

U.S. crude oil refinery inputs averaged 16.9 million barrels per day during the week ending August 23, 2024, which was 175 thousand barrels per day more than the previous week’s average. Refineries operated at 93.3% of their operable capacity last week. Gasoline production decreased last week, averaging 9.6 million barrels per day. Distillate fuel production increased last week, averaging 5.0 million barrels per day. U.S. crude oil imports averaged 6.6 million barrels per day last week, decreased by 92 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.4 million barrels per day, 6.1% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 867 thousand barrels per day, and distillate fuel imports averaged 220 thousand barrels per day. post: Its a pretty good report, even if below forecast, product supplied (implied demand) is back over 21M bpd and exports were weak