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:

$61.72	12/27/2019	12/27/2018	12/27/2017	12/27/2016	12/27/2015
Active Rigs	56	67	51	41	62

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