Updates, see comments:
About the only thing I found surprising was that gasoline imports were at a 53-week high, like we don't already have enough gasoline sloshing around.Oh, and that reported 300,000 bpd decrease in production; i think it should have been an increase...hope they aren't overreacting to the mistake they made in May...
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Original Post
- US crude oil in storage: 514.1 million bbls, about 15% above the already fat five-year average;
- US crude oil in storage decreased by a moderate 4.5 million bbls;
- refiners are operating at 81.0% capacity, pretty much unchanged, but up slightly from last report:
- US imported 5.6 million bopd, down by 389,000 bopd from previous week;
- over the past four weeks, crude oil imports averaged about 5.7 million bpd, 20.4% less than the same four-week period last year;
- total products supplied averaged 18.5 million bpd, down by 14.3% from same period last year
- distillate fuel product supplied averaged 3.6 million bpd over the past four weeks; down by 9.3% from the same period last year
- distillate fuel inventories decreased by 2.3 million bbls, but still an astounding 24% above the already fat five-year average for this time of the year;
- jet fuel supplied was down 45.8% compared with same four-week period last year; about the same as previous report;
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 |
Week 81 |
June 24, 2020 |
1.4 |
540.7 |
Week 82 |
July 1, 2020 |
-7.2 |
533.5 |
Week 83 |
July 8, 2020 |
5.7 |
539.2 |
Week 84 |
July 15, 2020 |
-7.5 |
531.7 |
Week 85 |
July 22, 2020 |
4.9 |
536.6 |
Week 86 |
July 29, 2020 |
-10.6 |
526.0 |
Week 87 |
August 5, 2020 |
-7.4 |
518.6 |
Week 88 |
August 12, 2020 |
-4.5 |
514.1 |
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% |
Week 21 |
August 5, 2020 |
6.0 |
0.900 |
-18.100% |
Week 22 |
August 12, 2020 |
5.6 |
-0.389 |
-20.400% |
Jet fuel:
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% |
Week 21 |
August 5, 2020 |
-40.90% |
Week 22 |
August 12, 2020 |
-45.80% |
about the only thing i found surprising was that gasoline imports were at a 53 week high, like we don't already have enough gasoline sloshing around...
ReplyDeleteoh, and that reported 300,000 bpd decrease in production; i think it should have been an increase...hope they aren't overreacting to the mistake they made in May...
One wonders if the gasoline imports are for California, and maybe the northeast corridor. I assume it's all a form of "arbitrage."
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