Increase in refining activities in US
Sandy Verma | June 16, 2025 4:24 AM CST
Business Business: According to EIA, the crude stocks recently declined as refining activities increased, leading to increased gasoline and distilled inventory. Crude stocks declined by 3.6 million barrels in the week ended on 6 June, leaving the total stocks 432.4 million barrels.
EIA reported that crude stocks declined by 403,000 barrels in the delivery hub at Kashing, Oklahoma. Refining activities increased by 228,000 barrels per day and the use rate of the refinery increased by 0.9 percent to 94.3 percent. In addition, the American gasoline stocks increased by 1.5 million barrels, while the distilled stocks led to an increase of 1.2 million barrels.
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