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Thursday, February 12, 2015

US Crude Oil Inventories At Highest Level In At Least 80 Years -- February 12, 2015

Note: wells coming off confidential list today have been posted

Natural gas fill rate (a dynamic link): -160.

At the link, scroll down to the graph. Fill rate is holding steady at the mid-5-year range, but just barely.

Weekly petroleum report (a dynamic link): a PDF report, some data points (released yesterday):
  • US crude oil inventories (does not include the SPR): increased by almost 5 million bbls
  • currently, almost 420 million bbls -- highest level for this time of the year in at least the last 80 years
  • gasoline inventories at the upper limit of average range
  • propane/propylene are well above the upper limit of the average range
Oil inventories at highest level for this time of the year in at least the last 80 years and we not importing more, which suggests that contrary to Jane Nielson and Snopes, there just might be some oil in the Bakken.

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