Weekly EIA petroleum report, link here.
- US crude oil in storage: increased by another whopping 15.0 million bbls week-over-week;
- total US crude oil in storage: 518.6 million bbls, nearly 10% above the five-year average, and the five-year average keeps getting "fatter";
- refineries operating at 67.6% of their operable capacity;
- even at that, gasoline production increased last week, averaging 6.2 million bpd, off from the "usual" 10 million bpd;
- gasoline supplied is down over 40% over the past four-week period compared to last year
- distillate production increased; holding at 5 million bpd;
- distillate fuel supplied over the past four weeks is down about 10% from same period last year
- US crude oil imports decreased by 700,000 bopd, week-over-week;
- but look at this: over the four-week period, US crude oil imports have averaged about 15% less than the same period last year;
- jet fuel down a whopping 54%; four-week period year/year comparison
|
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 68
|
March 18, 2020
|
2.0
|
453.7
|
|
Week 69
|
March 25, 2020
|
1.6
|
455.4
|
|
Week 70
|
April 1, 2020
|
13.8
|
469.2
|
|
Week 71
|
April 8, 2020
|
15.2
|
484.4
|
|
Week 72
|
April 15, 2020
|
19.2
|
503.6
|
|
Week 72
|
April 22, 2020
|
15.0
|
518.6
|
Jet fuel delivered:
|
Jet Fuel Delivered, Change, Four-Week/Four-Week
|
|
|
|
Week
|
Week Ending
|
Change
|
|
Week 0
|
March 11, 2020
|
-12.80%
|
|
Week 1
|
March 18, 2020
|
-12.60%
|
|
Week 2
|
March 25, 2020
|
-8.90%
|
|
Week 3
|
April 1, 2020
|
-16.40%
|
|
Week 4
|
April 8, 2020
|
-0.22%
|
|
Week 5
|
April 15, 2020
|
-39.70%
|
|
Week 6
|
April 22, 2020
|
-53.60%
|
US crude oil imports:
|
Crude Oil Imports
|
|
|
|
|
Week (week-over-week)
|
Week Ending
|
Raw Data, millions of bbls
|
Change (millions of bbls)
|
|
Week 0
|
March 11, 2029
|
6.4
|
0.174
|
|
Week 1
|
March 18, 2020
|
6.5
|
0.127
|
|
Week 2
|
March 25, 2020
|
6.1
|
-0.422
|
|
Week 3
|
April 1, 2020
|
6.0
|
-0.070
|
|
Week 4
|
April 8, 2020
|
5.9
|
-0.173
|
|
Week 5
|
April 15, 2020
|
5.7
|
-0.194
|
|
Week 6
|
April 22, 2020
|
5.6
|
-0.700
|
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