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Stock impact report

U.S. crude imports touch two-year high despite lukewarm demand [Yahoo! Finance]

Marathon Petroleum Corporation (MPC) 
Last marathon petroleum corporation earnings: 1/29 06:30 am Check Earnings Report
US:NYSE Investor Relations: ir.marathonpetroleum.com
Company Research Source: Yahoo! Finance
Imports of crude oil rose to 3.1 million barrels per day (bpd) in May, the highest since July 2022, data from ship tracking service Kpler showed. Imports so far this month have remained strong, at around 2.9 million bpd to date. Fuel demand has remained tepid with product supplied for gasoline at 9.1 million bpd in the week to June 14, slightly below the 10-year seasonal average, data from the U.S. Energy Information Administration showed. U.S. product supplied of distillate fuel oil also was around 3.7 million bpd, about 3% below the seasonal average, according to EIA data. Crude oil imports from Canada climbed in May to 319,000 bpd, its most in 2-1/2 years, as the newly expanded Trans Mountain pipeline boosted flows to the U.S. West Coast. The imports were 39% higher than the same month a year ago. Supplies from Mexico, Guyana and Colombia also climbed. Guyana crude hit a record 99,000 bpd and Colombia rose to a near two-year high. Imports from Mexican state oil company Pem Show less Read more
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