- US crude oil in storage, increase week-over-week: a whopping 7.7-million-bbl increase;
- US crude oil in storage, total: 451.8 million bbls, about 2% below the five-year average for this time of the year;
- US refiners are operating at 86.4% of their operable capacity; on the low side; see jet fuel delivered below;
- imports, watch this closely over the next six months: averaged 6.4 million bbls per day last week; up by 174,000 bopd from the previous week; unremarkable;
- over the past four-week period, crude oil imports averaged about the very same, 6.4 million bopd, 6.5% less than the same four-week period last year (looks like time for another spreadsheet);
- and look at this, jet fuel supplied was down a whopping 13% (to be exact, 12.8%) compared with same four-week period last year -- this might explain refiners' decreased activity; can you say "coronavirus"?
Re-balancing:
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 6
|
January 4, 2019
|
0.0
|
441.4
|
Week 7
|
January 9, 2019
|
-1.7
|
439.7
|
Week 8
|
January 16, 2019
|
-2.7
|
437.1
|
Week 9
|
January 24, 2019
|
8.0
|
445.0
|
Week 58
|
January 3, 2020
|
-11.5
|
429.9
|
Week 59
|
January 8, 2020
|
1.2
|
431.1
|
Week 60
|
January 15, 2020
|
-2.5
|
428.5
|
Week 61
|
January 23, 2020
|
-0.4
|
428.1
|
Week 62
|
January 29, 2020
|
3.5
|
431.7
|
Week 63
|
February 5, 2020
|
3.4
|
435.0
|
Week 64
|
February 12, 2020
|
7.5
|
442.5
|
Week 65
|
February 20, 2020
|
0.4
|
442.9
|
Week 66
|
February 26, 2020
|
0.5
|
443.3
|
Week 67
|
March 4, 2020
|
0.8
|
444.1
|
Week 68
|
March 11, 2020
|
7.7
|
451.8
|
**************************************
Princess Ponies
I forget when this video was taken, perhaps a year or so ago, when Sophia was about four years old, +/- six months. And, yes, I forgot to turn the iPhone horizontally.
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