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Wednesday, August 8, 2018

Weekly Petroleum Report -- August 8, 2018

Link here.
  • yesterday, the API reported a 6-million-bbl draw, surpassing an expected 3.3-million-bbl draw
  • today, the EIA reports a build of 3.8 million bbls (someone will have to explain to me why the API and EIA are so consistently so far apart in their estimates; they must be watching different movies)
  • refineries are operating at a 96.1% operating capacity, about the same as last week
  • gasoline production: 10.5 million bopd (identical to last week?)
  • distillate production: 5.2 million bpd (about the same as last week)
The gasoline demand graph will be posted later.

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