We are awake. At just how ******* stupid you are.
US supply is expected to hit 13 million barrels per day this summer for the first time since November 2019, according to
Rystad Energy.
Meanwhile, refining capacity constraints have limited how much extra oil the US can process. Because of earlier shutdowns and limited investment in recent years, capacity has shrunk and refineries have been running nearly at full tilt to meet high demand for gasoline and other fuels.
In a report late last month, Rystad said
"the unintended consequence of federal intervention is that more barrels than ever before are being sold to international buyers."
"But the unintended consequence of federal intervention is that more barrels than ever before are being sold to international buyers," Rystad said.
markets.businessinsider.com