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re: Oil prices could climb; 2024 US production growth outlook halved by RBC Capital

Posted on 3/6/24 at 10:50 am to
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35750 posts
Posted on 3/6/24 at 10:50 am to
That’s likely due almost entirely to refinery utilization taking a massive shite in jan and feb.

We were in the mid 90s for refinery capacity much of last year but we are off to a rocky start in 2024. Dropped into the low 80s in feb.
Posted by Corinthians420
Iowa
Member since Jun 2022
7277 posts
Posted on 3/6/24 at 10:56 am to
quote:

That’s likely due almost entirely to refinery utilization taking a massive shite in jan and feb.

We were in the mid 90s for refinery capacity much of last year but we are off to a rocky start in 2024. Dropped into the low 80s in feb

Are the wildfires having any effect?
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