Updates
March 19, 2021: mystery solved.
Original Post
Weekly EIA petroleum report: link here.
- weekly US crude oil in storage increased by 2.4 million bbls;
- US crude oil in storage goes over 500.8 million bbls, 6% above the five-year average;
- refiners operating at 76.1% operable capacity;
- distillate fuel inventories increased by 0.3 million; distillate inventories at 2% below five-year average
- jet fuel supplied was down 36.2% compared with same four-week period last year;
Most concerning data point from today's report: jet fuel delivered. The number had been improving since the beginning of the year, but dropped precipitously in the most recent report. One wonders if this is still a bit of a hangover from the Texas Deep Freeze even as other fossil fuel product sectors improve following that unfavorable event.
Good Morning Bruce,
ReplyDelete-Looking at total stocks, up by 3.6 million bbl
-Imports were 9.5 million bbl.
-Overall withdraw was of crude and products 5.9 million bbl.
Thank you. Yes, crude oil and refined products on different sides of the ledger.
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