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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