Friday, December 27, 2019

EIA Reports 5.5-Million-Bbl Draw; WTI Unchanged; No NDIC Activity Reported -- December 27, 2019

EIA's daily petroleum report:
  • US crude oil in storage decreased by 5.5 million bbls from the previous week
  • US crude oil now in storage stands at 441.4 million bbls
  • refiners are operating at 93.3% capacity; trending up, following recent scheduled maintenance (?)
  • jet fuel product supplied was up almost 7% compared with same four-week period one year ago
Re-balancing, at 441.4 right where we were in week 5, one year ago, December 28, 2018 --

Week
Week Ending
Change
Million Bbls Storage
Week 0
November 21, 2018
4.9
446.9
Week 1
November 28, 2018
3.6
450.5
Week 2
December 6, 2018
-7.3
443.2
Week 3
December 12, 2018
-1.2
442.0
Week 4
December 19, 2018
-0.5
441.5
Week 5
December 28, 2018
0.0
441.4  ****
Week 49
October 30, 2019
5.7
438.9
Week 50
November 6, 2019
7.9
446.8
Week 51
November 14, 2019
2.2
449.0
Week 52
November 20, 2019
1.4
450.4
Week 53
November 27, 2019
1.6
452.0
Week 54
December 4, 2019
-4.9
447.1
Week 55
December 11, 2019
0.8
447.9
Week 56
December 18, 2019
-1.1
446.8
Week 57
December 27, 2019
-5.5
441.4  ****

Gasoline demand: unremarkable --


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Back to the Bakken

Active rigs:

$61.7212/27/201912/27/201812/27/201712/27/201612/27/2015
Active Rigs5667514162

No activity reported today. however "permit applications received within the areas of interest":
  • Slawson: six permit applications
    • location: section 23-152-92
    • Mountrail County
    • two Tempest Federal permits; four Orca Federal permits
    • map suggests location off ND State Highway 23 midway between New Town and Van Hook Travel Center

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