Refinery input was up by 250 Mb/d to 15.85 MMb/d last week, the highest so far this year, and gross refinery input was up by 300 Mb/d to 16.45 MMb/d, per the EIA's Weekly Petroleum Status Report. This increased capacity utilization by 1.7 percentage points to 91%, the highest this year.

U.S. crude oil production looks poised for an overall rise despite sagging rig counts.

Crude oil exports from the Corpus Christi set a new record as the area terminals loaded 2.8 MMb/d of crude for export for the week ended April 14. These volumes were up from 1.9 MMb/d noted in the previous week and were loaded onto 20 tankers.

Asian propane prices have weakened relative to naphtha since the end of winter.

Kinder Morgan, Inc. announced 4/12 the launch of a binding open season to solicit commitments to support a proposed expansion of a portion of its SFPP (Santa