Anticipation -- March 15, 2021

Link here to Platts:

• for week ending March 12, 2021;
• commercial crude oil inventories probably increased by 400,000 bbls to 498.8 million bbls;
• the counter-seasonal build would leave stocks 6.5% above the five-year average -- opening the widest surplus since early January;
• nationwide refinery runs continue to hold well below normal following mid-February deep freeze
• nationwide refinery utilization is expected to average around 74% of total capacity;
• that would still be more than 14% below the five-year average
• US crude exports averaged 2.68 million bopd ended March 12, Platts data, roughly flat from an EIA-reported 2.63 million bopd the week prior;
  

From last week, for week ending March 5, 2021: