Data points:
- US crude oil in storage decreased by 6.6 million bbls;
- US crude oil in storage now stands at 469.0 million bbls, about 2% above the already-fat five-year average, but that 2% figure is pretty low, in the big scheme of things;
- refiners were operating at 83% of capacity; pretty much where it's been for quite some time;
- distillate fuel inventories decreased by 1.7 million bbls; about 7% about the five-year average for this time of year;
- jet fuel supplied was down 33.7% compared with the same four-week period last year; not a good sign for the airline industry
Jet fuel supplied is still the most concerning data point in this week's report After trending down to a relative low in the January 27, 2021, report (=-28.2%) but has since turned in the wrong direction and is now at -33.7%.
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 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% |
Week 33 |
October 28, 2020 |
-44.30% |
Week 34 |
November 4, 2020 |
-44.60% |
Week 35 |
November 12, 2020 |
-43.50% |
Week 36 |
November 18, 2020 |
-39.80% |
Week 37 |
November 25, 2020 |
-38.00% |
Week 38 |
December 2, 2020 |
-36.20% |
Week 29 |
December 9, 2020 |
-34.90% |
Week 30 |
December 16, 2020 |
-36.20% |
Week 31 |
December 23, 2020 |
-32.90% |
Week 32 |
December 30, 2020 |
-31.80% |
Week 33 |
January 6, 2021 |
-37.60% |
Week 34 |
January 13, 2021 |
-30.00% |
Week 35 |
January 22, 2021 |
-31.70% |
Week 36 |
January 27, 2021 |
-28.20% |
Week 37 |
February 3, 2021 |
-31.20% |
Week 38 |
February 10, 2021 |
-33.70% |
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Is This Bobby Hill?
That boy can play, thanks for sharing.
ReplyDeleteThank you for taking time to write. Yes, it is amazing what pops up on YouTube.
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