Friday, July 31, 2020

Weekly EIA Petroleum Report -- July 29, 2020

From the other day while I was traveling, the weekly EIA petroleum report that was released earlier this week, August 29, 2020:

Weekly EIA petroleum report, link here:
  • US crude oil in storage: 526.0 million bbls; 17% above the five-year average;
  • US crude oil in storage decreased by a whopping 10.6 million bbls from the previous week
  • refineries operating at 79.5% operable capacity; has no appreciable effect on price of oil;
  • distillate fuel production increased last week, average 4.8 million bbls per day
  • distillate fuel inventories increased slightly (0.5 million bbls) and are about 26% above the five-year average, and well above the  summer average when stocks are usually at their lowest;
  • jet fuel supplied was down 42.1% compared with same four-week period last year 
 Re-balancing:
Week
Date of Report=
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 76
May 20, 2020
-5.0
526.5

Week 77
May 28, 2020
7.9
534.4

Week 78
June 3, 2020
-2.1
532.3

Week 79
June 10, 2020
5.7
538.1

Week 80
June 17, 2020
1.2
539.3
15%
Week 81
June 24, 2020
1.4
540.7
16%
Week 82
July 1, 2020
-7.2
533.5
15%
Week 83
July 8, 2020
5.7
539.2
18%
Week 84
July 15, 2020
-7.5
531.7
17%
Week 85
July 22, 2020
4.9
536.6
19%
Week 86
July 29, 2020
-10.6
526.0
17%

Crude oil imports:
Crude Oil Imports




Week (week-over-week)
Date of Report
Raw Data, millions of bbls
Change (millions of bbls)
Four-week period comparison
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

Week 7
April 29, 2020
5.3
0.365
-19.700%
Week 8
May 6, 2020
5.7
0.410

Week 9
May 13, 2020
5.4
-0.321
-26.100%
Week 10
May 20, 2020
5.2
-0.194

Week 11
May 28, 2020
7.2
2.000
-16.400%
Week 12
June 3, 2020
6.2
-1.000
-18.300%
Week 13
June 10, 2020
6.4
0.000
-13.300%
Week 14
June 17, 2020
6.6
-0.222
-10.000%
Week 15
June 24, 2020
6.5
-0.102
-11.600%
Week 16
July 1, 2020
6.5
-0.600
-11.300%
Week 17
July 8, 2020
7.4
1.400
-8.500%
Week 18
July 15, 2020
7.5
-1.800
-10.200%
Week 19
July 22, 2020
5.9
0.373
-13.500%
Week 20
July 29, 2020
5.1
-0.800
-13.600%


Jet fuel delivered:
Jet Fuel Delivered, Change, Four-Week/Four-Week


Week
Date of Report
Change
Week 0
3/7/2020
-12.80%
Week 1
3/14/2020
-12.60%
Week 2
3/21/2020
-8.90%
Week 3
3/28/2020
-16.40%
Week 4
4/4/2020
-0.22%
Week 5
4/11/2020
-39.70%
Week 6
4/18/2020
-53.60%
Week 7
4/24/2020
-61.60%
Week 8
5/1/2020
-66.60%
Week 9
5/8/2020
-68.50%
Week 10
5/15/2020
-67.90%
Week 11
May 22, 2020
-66.60%
Week 12
June 3, 2020
-68.70%
Week 13
June 10, 2020
-63.70%
Week 14
June 17, 2020
-62.30%
Week 15
June 24, 2020
-62.50%
Week 16
July 1, 2020
-60.00%
Week 17
July 8, 2020
-57.20%
Week 18
July 15, 2020
-51.90%
Week 19
July 22, 2020
-47.70%
Week 20
July 29, 2020
-42.10%

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