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.