tag:blogger.com,1999:blog-1149283829854298377.post2391067176344654935..comments2024-03-28T15:12:38.709-05:00Comments on The Million Dollar Way (The Bakken Oil Blog): EIA's Weekly Petroleum Report -- Big Story? The Decline In Distillate Inventories -- October 15, 2020Bruce Oksolhttp://www.blogger.com/profile/10952652803684625738noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1149283829854298377.post-47194068598825630312020-10-16T13:00:11.862-05:002020-10-16T13:00:11.862-05:00Just thinking out loud ...Just thinking out loud ...Bruce Oksolhttps://www.blogger.com/profile/10952652803684625738noreply@blogger.comtag:blogger.com,1999:blog-1149283829854298377.post-42281771664984453522020-10-16T12:21:19.642-05:002020-10-16T12:21:19.642-05:00oh, i don't know...i imagine there's some ...oh, i don't know...i imagine there's some pre-winter stockpiling of heat oil going on, both on the part of distributors and consumers...we've had a few pretty cold spells, which reminds people what's ahead..rjshttps://www.blogger.com/profile/15681812432224138582noreply@blogger.comtag:blogger.com,1999:blog-1149283829854298377.post-16153389378595564212020-10-16T11:58:34.808-05:002020-10-16T11:58:34.808-05:00Domestic demand? folks finally buying heating oil ...Domestic demand? folks finally buying heating oil in anticipation of higher prices this winter? Agricultural demand?Bruce Oksolhttps://www.blogger.com/profile/10952652803684625738noreply@blogger.comtag:blogger.com,1999:blog-1149283829854298377.post-52481954961049324012020-10-16T11:43:05.690-05:002020-10-16T11:43:05.690-05:00in answer to your initial question,
"our dis...in answer to your initial question, <br />"our distillates supplies fell by more this week because the amount of distillates supplied to US markets, an indicator of our domestic demand, rose by 307,000 barrels per day to 4,175,000 barrels per day, and because our exports of distillates rose by 258,000 barrels per day to 1,289,000 barrels per day, and because our imports of distillates fell by 70,000 barrels per day to 160,000 barrels per day....but even after this week's big inventory decrease, our distillate supplies at the end of the week were still 33.2% above the 123,501,000 barrels of distillates that we had in storage on October 11th, 2019"<br /><br />production was at 3 year low; largest draw since February 2003..rjshttps://www.blogger.com/profile/15681812432224138582noreply@blogger.com