EIA, weekly petroleum: Link here. API build reported yesterday did not materialize in EIA report.
- weekly US crude oil inventories: decreased by 1.0 million bbls
- weekly US crude oil inventories now stand at 488.1
- weekly US crude oil inventories are about 10% above the ever-increasing five-year average
- refineries operated at 72.9% capacity;
- imports: down almost 14% from same four-week period last year
- imports averaged 5.1 million bpd, down 167,000 bpd the previous week
- propane/propylene inventories are about 11% above the five-year average
- jet fuel product supplied was down 46% compared with same four-week period last year
- gasoline demand will be reported later today
Re-balancing (US crude oil imports):
|
Week |
Date of Report= |
Change |
Million Bbls Storage |
Over/under 5-year average |
|
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 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% |
|
Week 87 |
August 5, 2020 |
-7.4 |
518.6 |
16% |
|
Week 93 |
September 16, 2020 |
-4.4 |
496.0 |
14% |
|
Week 94 |
September 23, 2020 |
-1.6 |
494.4 |
13% |
|
Week 95 |
September 30, 2020 |
-2.0 |
492.4 |
|
|
Week 96 |
October 7, 2020 |
0.5 |
492.9 |
12% |
|
Week 97 |
October 15, 2020 |
-3.8 |
489.1 |
11% |
|
Week 98 |
October 21, 2020 |
-1.0 |
488.1 |
10% |
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 13 |
June 10, 2020 |
6.4 |
0.000 |
-13.300% |
|
Week 22 |
August 12, 2020 |
5.6 |
-0.389 |
-20.400% |
|
Week 23 |
August 19, 2020 |
5.7 |
0.109 |
-21.700% |
|
Week 24 |
August 26, 2020 |
5.9 |
0.185 |
-16.900% |
|
Week 25 |
September 2, 2020 |
4.9 |
-1.000 |
-20.200% |
|
Week 26 |
September 10, 2020 |
5.4 |
0.500 |
-17.900% |
|
Week 27 |
September 16, 2020 |
5.0 |
-0.416 |
-20.100% |
|
Week 28 |
September 23, 2020 |
5.2 |
0.160 |
-24.200% |
|
Week 29 |
September 30, 2020 |
5.1 |
0.045 |
-21.600% |
|
Week 30 |
October 7, 2020 |
5.7 |
0.600 |
-18.900% |
|
Week 31 |
October 15, 2020 |
5.3 |
-0.447 |
-15.400% |
|
Week 32 |
October 21, 2020 |
5.1 |
-0.167 |
-13.800% |
Distillate fuel inventories:
|
Week |
Date of Report |
Change in Millions |
Relative to 5-Yr Avg |
|
Week 1 |
August 26, 2020 |
1.40 |
24.0% |
|
Week 2 |
September 2, 2020 |
-1.70 |
23.0% |
|
Week 3 |
September 10, 2020 |
-1.70 |
20.0% |
|
Week 4 |
September 16, 2020 |
3.50 |
22.0% |
|
Week 5 |
September 23, 2020 |
-3.40 |
21.0% |
|
Week 6 |
September 30, 2020 |
-3.20 |
21.0% |
|
Week 7 |
October 7, 2020 |
-1.00 |
23.0% |
|
Week 8 |
October 15, 2020 |
-7.20 |
19.0% |
|
Week 9 |
October 21, 2020 |
-3.80 |
19.0% |
Jet fuel delivered:
|
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 20 |
July 29, 2020 |
-42.10% |
|
Week 21 |
August 5, 2020 |
-40.90% |
|
Week 22 |
August 12, 2020 |
-45.80% |
|
Week 23 |
August 19, 2020 |
-47.60% |
|
Week 24 |
August 26, 2020 |
-45.70% |
|
Week 29 |
September 30, 2020 |
-46.10% |
|
Week 30 |
October 7, 2020 |
-47.50% |
|
Week 31 |
October 15, 2020 |
-41.80% |
|
Week 32 |
October 21, 2020 |
-45.90% |
