11. The U.S. Department of Energy issues its weekly report on petroleum stocks, production, imports and refinery utilization. 12. U.S. refinery utilization, the percentage of refining capacity in operation, rose last week to the highest rate ever recorded by the American Petroleum Institute. 13. U.S. refinery utilization, the percentage of refining capacity in operation, rose last week to the highest rate ever recorded by the API. 14. Higher heating oil demand, shrinking refinery utilization for the last week and inevitable breakdowns in refineries could make the situation a lot worse before it gets better. |