- US crude oil inventories decreased by 3.2 million bbls from the previous week;
- US crude oil inventories stand at 482.2 million bbls, 8% above the already-fat average for this time of the year;
- crude oil imports averaged 6.2 million bpd last week; an increase of 0.9 million bpd; over the past four weeks, crude oil imports have averaged 5.6 million bpd; almost 15% less than the same four-week period last year;
- distillate fuel inventories increased by 4.8 million bbls last week; 9% above the already-fat average for this time of the year;
- jet fuel supplied was down 30% compared with same four-week period last year;
Re-balancing: still working off that huge build some weeks ago:
|
Week 107 |
December 9, 2020 |
15.2 |
503.2 |
11% |
|
Week 108 |
December 16, 2020 |
-3.1 |
500.1 |
10% |
|
Week 109 |
December 23, 2020 |
-0.6 |
499.5 |
11% |
|
Week 110 |
December 30, 2020 |
-6.1 |
493.5 |
11% |
|
Week 111 |
January 6, 2021 |
-8.0 |
485.5 |
9% |
|
Week 112 |
January 13, 2021 |
-3.2 |
482.2 |
8% |
