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 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)