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Wednesday, February 10, 2021

EIA Weekly Petroleum Report Posted; Jet Fuel Delivered Still A Huge Concern For Airlines -- February 10, 2021

Link here

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?

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    Replies
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