- EOG: gives back its recent gains
- IMUX: gains almost a percent
- US crude oil in storage increased by 1.2 million bbls (didn't API say it was going to decrease by a significant amount? Whatever.)
- US crude oil in storage now stands at 431.1 million bbls, at the five-year average
- but look at this: total gasoline inventories surged 9.1 million bbls last week despite the fact that US crude oil refinery inputs were somewhat less than the previous week
- total gasoline supply in stoare is now about 5% above the five-year average -- sort of the wrong time for Iran to go to war if they hoped to disrupt supplies of oil or gasoline -- whatever
- refineries operated at middling range of their capacity, at 93% capacity
- gasoline production actually decreased but inventories surged -- oh, oh -- recession is just around the corner
- distillate fuel production also decreased
- propane: remember the shortage some years ago? Not this year. Propane/propylene inventories are about 17% -- wow, 17% -- above the five-year average
- jet fuel: St Greta is fuming -- jet fuel product supplied was up over 8% over the 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
|
|
Week 59
|
January 8, 2020
|
1.2
|
431.1
|
