Wednesday, March 17, 2021

Jet Fuel Delivered -- Weekly EIA Petroleum Report -- March 17, 2021

Updates

March 19, 2021: mystery solved

Original Post

Weekly EIA petroleum report: link here

  • weekly US crude oil in storage increased by 2.4 million bbls;
  • US crude oil in storage goes over 500.8 million bbls, 6% above the five-year average;
  • refiners operating at 76.1% operable capacity;
  • distillate fuel inventories increased by  0.3 million; distillate inventories at 2% below five-year average
  • jet fuel supplied was down 36.2% compared with same four-week period last year;

Most concerning data point from today's report: jet fuel delivered. The number had been improving since the beginning of the year, but dropped precipitously in the most recent report. One wonders if this is still a bit of a hangover from the Texas Deep Freeze even as other fossil fuel product sectors improve following that unfavorable event. 

2 comments:

  1. Good Morning Bruce,
    -Looking at total stocks, up by 3.6 million bbl
    -Imports were 9.5 million bbl.
    -Overall withdraw was of crude and products 5.9 million bbl.


    ReplyDelete
    Replies
    1. Thank you. Yes, crude oil and refined products on different sides of the ledger.

      Delete