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.
