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
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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
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The Book Page
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