Wednesday, April 6, 2016

Weekly Energy Tweets Are Starting To Appear -- April 6, 2016

Tweeting now: US crude oil stocks down 4.9 million bbl, EIA gov reports; analysts surveyed by WSJ expected 3.3-million bbl rise. Can hardly wait to see the graph.

Tweeting now: Kuwait: stay calm, people; output freeze on track.

Tweeing now: Russia sees oil price of $45-50 per bbl as "acceptable" as it prepares for freeze deal.

Tweeting now: Jet fuel sees strong growth as aviation demand in China expected to grow.

Tweeting now: Californians thrilled to learn 3.9 million lbs of nuclear waste will be stored at seaside resorts; San Onufre nuclear plants shut down in 2013.

John Kemp: jet fuel stocks rising:
John Kemp: US weekly crude oil imports fell to just 7.3 million b/d last wk down -500k from prior wk and -1.1 mil from two weeks ago

John Kemp: US refineries boosted throughput by +200,000 b/d to 16.4 million b/d, seasonal record, and +500,000 b/d above 2015  

John Kemp: US gasoline stocks adjusted for consumption at 26.1 days worth of demand, up from 25.6 days in 2015 and top of range; (I guess that's why the price of gasoline continues to rise)

John Kemp: US gasoline stocks rose +1.4 million bbl last week and now +14 million bbl (+6.1%) higher than in 2015; (I guess that's why the price of gasoline continues to rise)

John Kemp: US gasoline consumption remained strong averaging 9.36 million b/d over last 4 wks, up +376,000 b/d (+4.1%) on 2015; (I guess that's why the price of gasoline continues to rise)

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