Highlights Refinery utilization seen higher, distillate stocks likely down Gasoline demand expected to continue to soften slightly Crude exports seen around 3.5 million b/d: Platts Analytics More bullish draws of commercial crude oil and fuel products are expected from US inventories for the week ended July 16 even though energy futures continued to plunge July 19 amid rising global production volumes, growing pandemic fears and a broad stock market selloff. The weekly streak of US crude oil inventory draws likely extended to nine for the week ended July 16 amid the busier summer driving season and a small expected uptick in refinery demand, analysts surveyed by S&P Global Platts said July 19. Total US commercial crude oil stocks likely declined by 6.7 million barrels to 430.9 million barrels, analysts said. The draw would leave stocks […]