Crude oil stocks rose 1.4 million barrels for week ending 5 March; Gasoline stocks fell for 3 million barrels; Distillate stocks decreased 2.2 million barrels; Propane/propylene stocks fell 1.5 million barrels; Other oils were flat; Total crude oil and petroleum stocks fell 5.3 million barrels. Refinery utilization fell from 81.9% to 80.7%. Crude oil and […]

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China exports were up 45.7% in February vs. 38.3% consensus and 21% in January. Imports rose 44.7% vs. 38% consensus and 85.5% in January. Trade surplus shrank to $7.6 billion vs. $14.2 billion in January. The consensus was at $7.2 billion. The trade surplus is shrinking, less imports now could mean less exports in the […]

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