Weekly petroleum report:Today, the re-balancing spreadsheet (minor process change made in the third column but it does not affect the bottom line). Re-balancing remains at 33 weeks.
- crude oil inventories: increased by 1.6 million bbls; now at 429.9 million bbls
- refineries operating at 92.3% operable capacity -- nice; pretty much the sweet spot between 92 - 94%
- gasoline production up a bit; distillate fuel production up a bit
- if folks weren't following crude oil inventories so closely, this would pretty much be a ho-hum report
Week
|
Date
|
Drawdown
|
Storage
|
Weeks to RB
|
Week 0
|
Apr 26, 2017
|
529.0
|
180
|
|
Week 24
|
October 12, 2017
|
-2.8
|
467.8
|
40
|
Week 25
|
October 18, 2017
|
-5.7
|
473.5
|
37
|
Week 26
|
October 25, 2017
|
0.9
|
457.3
|
39
|
Week 27
|
November 1, 2017
|
-2.4
|
454.9
|
38
|
Week 28
|
November 8, 2017
|
2.2
|
457.1
|
42
|
Week 29
|
November 15, 2017
|
-1.9
|
459.0
|
43
|
Week 30
|
November 22, 2017
|
-1.9
|
457.1
|
42
|
Week 31
|
November 29, 2017
|
-3.4
|
453.7
|
41
|
Week 32
|
December 6, 2017
|
-5.6
|
448.1
|
37
|
Week 33
|
December 13, 2017
|
-5.1
|
443.0
|
36
|
Week 34
|
December 20, 2017
|
-6.5
|
436.5
|
30
|
Week 35
|
December 28, 2017
|
-4.6
|
431.9
|
28
|
Week 36
|
January 4, 2018
|
-7.4
|
424.5
|
25
|
Week 37
|
January 10, 2018
|
-6.9
|
419.5
|
23
|
Week 38
|
January 18, 2018
|
-6.9
|
412.7
|
20
|
Week 39
|
January 24, 2018
|
-1.1
|
411.6
|
20
|
Week 40
|
January 31, 2018
|
6.8
|
418.4
|
24
|
Week 41
|
February 7, 2018
|
1.9
|
420.3
|
26
|
Week 42
|
February 14, 2018
|
1.8
|
422.1
|
27
|
Week 43
|
February 21, 2018
|
-1.6
|
420.5
|
27
|
Week 44
|
February 28, 2018
|
-1.6
|
423.5
|
28
|
Week 45
|
March 7, 2018
|
2.4
|
425.9
|
29
|
Week 46
|
March 14, 2018
|
5
|
430.9
|
33
|
Week 47
|
March 21, 2018
|
-1.6
|
428.3
|
32
|
Week 48
|
March 28, 2018
|
1.6
|
429.9
|
33
|
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