Total non-OPEC liquid fuels production is expected to grow
by 1.9 million barrels per day (bpd) in 2023 and by 1 million
bpd in 2024, the EIA said. OPEC output will fall by 500,000 bpd
in 2023, then rise by 1 million bpd in 2024, after the group's
output agreement expires, EIA forecast.
U.S. crude stocks rose by about 380,000 barrels in the week
ended April 7, according to market sources, citing American
Petroleum Institute figures on Tuesday. Gasoline inventories
rose by about 450,000 barrels, while distillate stocks fell by
about 2 million barrels.
* Light Louisiana Sweet for May delivery fell 10
cents to a midpoint of a $1.85 premium and was seen bid and
offered between a $1.7 and $2 a barrel premium to U.S. crude
futures
* Mars Sour gained half a cent at a midpoint of a
$1.15 discount and was seen bid and offered between a $1.25 and
$1.05 a barrel discount to U.S. crude futures ?
* WTI Midland fell 15 cents to a midpoint of a
55-cent premium and was seen bid and offered between a 45-cent
and 65-cent a barrel premium to U.S. crude futures ?
* West Texas Sour fell 15 cents to a midpoint of a
70-cent discount and was seen bid and offered between a $1.15
and 25-cent a barrel discount to U.S. crude futures ?
* WTI at East Houston , also known as MEH, traded
between a 60-cent and 80-cent a barrel premium to U.S. crude
futures ?
* ICE Brent June futures rose $1.43 to settle at
$85.61 a barrel on Tuesday?.
* WTI May crude futures rose $1.79 to settle at $81.53
a barrel on Tuesday?.
* The Brent/WTI spread narrowed to minus $4.41,
after hitting a high of minus $4.05 and a low of minus $4.42.
(Reporting by Stephanie Kelly; Editing by Richard Chang)
April 11 (Reuters) - U.S. inland crude grades weakened
on Tuesday, dealers said, as U.S. crude's discount to the
international benchmark Brent narrowed, making U.S.-linked
grades less attractive to foreign buyers.
The Brent/WTI spread narrowed to minus $4.41,
after hitting a high of minus $4.05 and a low of minus $4.42.
Inland grade WTI Midland fell 15 cents to a
midpoint of a 55-cent premium, its weakest since January. West
Texas Sour fell 15 cents to a midpoint of a 70-cent
discount.
U.S. crude production was set to rise 5.5% to 12.54 million
bpd this year and another 1.7%, to 12.75 million bpd, in 2024,
the Energy Information Administration predicted on Tuesday. Non-OPEC countries will account for a higher percentage of
oil production gains this year and next, a reversal of the last
two years, the EIA also said.
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