Thursday, March 29, 2018

Re-Balancing Remains At 33 Weeks -- March 29, 2018

Yesterday:
Weekly petroleum report:
  • crude oil inventories: increased by 1.6 million bbls; now at 429.9 million bbls
  • refineries operating at 92.3% operable capacity -- nice; pretty much the sweet spot between 92 - 94%
  • gasoline production up a bit; distillate fuel production up a bit
  • if folks weren't following crude oil inventories so closely, this would pretty much be a ho-hum report
Today, the re-balancing spreadsheet (minor process change made in the third column but it does not affect the bottom line). Re-balancing remains at 33 weeks.

Week
Date
Drawdown
Storage
Weeks to RB
Week 0
Apr 26, 2017

529.0
180
Week 24
October 12, 2017
-2.8
467.8
40
Week 25
October 18, 2017
-5.7
473.5
37
Week 26
October 25, 2017
0.9
457.3
39
Week 27
November 1, 2017
-2.4
454.9
38
Week 28
November 8, 2017
2.2
457.1
42
Week 29
November 15, 2017
-1.9
459.0
43
Week 30
November 22, 2017
-1.9
457.1
42
Week 31
November 29, 2017
-3.4
453.7
41
Week 32
December 6, 2017
-5.6
448.1
37
Week 33
December 13, 2017
-5.1
443.0
36
Week 34
December 20, 2017
-6.5
436.5
30
Week 35
December 28, 2017
-4.6
431.9
28
Week 36
January 4, 2018
-7.4
424.5
25
Week 37
January 10, 2018
-6.9
419.5
23
Week 38
January 18, 2018
-6.9
412.7
20
Week 39
January 24, 2018
-1.1
411.6
20
Week 40
January 31, 2018
6.8
418.4
24
Week 41
February 7, 2018
1.9
420.3
26
Week 42
February 14, 2018
1.8
422.1
27
Week 43
February 21, 2018
-1.6
420.5
27
Week 44
February 28, 2018
-1.6
423.5
28
Week 45
March 7, 2018
2.4
425.9
29
Week 46
March 14, 2018
5
430.9
33
Week 47
March 21, 2018
-1.6
428.3
32
Week 48
March 28, 2018
1.6
429.9
33


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Galveston, Glenn Campbell

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