Refining capacity near 3-year high

US refineries operated at 91.5% of capacity the week ended July 16—"the highest level since August 2007" and up from 90.5% the previous week, said Jacques H. Rousseau, analyst at RBC Capital Markets under the Royal Bank of Canada.Crude input into US refineries increased 48,000 b/d to 15.5 million b/d that week (the latest period available at press time). But production of light products decreased 0.5%, said Rousseau. The Energy Information Administration said gasoline production declined to 9.3 million b/d; distillate production increased to 4.5 million b/d. Finished product imports increased 105,000 b/d, Rousseau said."Demand improved slightly . . . but remains well ...

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