- weekly draw: an incredible 11.5 million bbls of oil; I don't recall seeing a number this big; certainly not in recent memory;
- US crude oil in storage: 429.9 million bbls; at the five-year average
- refineries operating at 94.5% capacity which has been trending higher over the past few weeks
- jet fuel supplied was up 10% compared with same four-week period last year
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
|
Week 58
|
January 3, 2020
|
-11.5
|
429.9
|
Gasoline demand, link here:
i'm running late, so you might already have it that the big draw was due to record exports...a blowout, too: almost 900K bpd higher than the previous record..
ReplyDeletehttps://rjsigmund.files.wordpress.com/2020/01/january4th2020usoilexportsasofdecember27.jpg
No, I did not have time to look for the reason for the big draw. Good, bad, or indifferent, one has to love huge exports resulting in huge draw. Seems like it's a win-win on so many levels. Thank you for pointing that out.
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