High refinery runs slash crude stocks

摘要

Despite a rise in global crude supplies,onland crude stocks fell sharply in the Atlantic basin last month as refiners ran flat out to build product inventories.Grade throughputs in the US and Europe are 900,000 b/d higher than this time last year.And in Asia-Pacific,soaring demand has boosted crude runs in China,India and Singapore to 9.3mn b/d,up from 7.9mn b/d a year ago.Opec production continues to rise-with Saudi Arabia reportedly liftings its output volumes again this month-and stocks at sea are at their highest level in more than two years.