Wednesday, January 30, 2019

US Crude Oil Inventories Week-Over-Week Change: Flat -- January 302, 2019

Link here.

Data points:
  • weekly US crude oil inventories: flat -- inventories increased by 0.9 million bbls from previous week
  • weekly US crude oil inventories: 7% above five-year average and the five-year average continues to trend upward
  • WTI: up about 1.75%; trading right at $54
  • imports: interesting -- imports were down by 1.1 million bopd from the previous week; not trivial
  • imports: averaging about 7.7 million bopd, 4.5% less than the same four-week period last year
  • refineries operating at 90.1% capacity -- it will be interesting to hear analysis of this; I don't know why but this is very, very, very low
  • gasoline and distillate production "in line"
  • jet fuel supplied was down about a percent
Gasoline demand spikes: link here.

South Korea's US Energy Picture

Data points, link here:
  • South Korea: world's fourth-largest oil importer
  • 2018: 
    • US exported almost 60 million bbls to South Korea 
    • US exported almost 5 million tons of LNG to South Korea
    • US has become South Korea's sixth-largest supplier overtaking Iran (sanctions) and Russia
    • US is South Korea's third-largest LNG supplier
    • South Korea is now the US' largest LNG customer 
  • 2019:
    • the numbers will increase
The Book Page

No comments:

Post a Comment