Strong Export Demand offsets Weak U.S. Demand for Distillates

Despite record exports of products out of the United States in 2015 and the beginning of 2016, distillate stocks continue to pile up which reflects the strong production that continues to take place by refiners in the United States.  Stocks are now well above the five-year range for this time of year, as distillate fuel production increased last week, averaging 4.8 million barrels per day. …