From a reader:
The 914 is out.
https://www.eia.gov/petroleum/production/
Still hanging above 11 MM bopd, but down a small amount. Typical ND seasonal drop. NM up a bit and nipping on ND's heels. GOM and TX up a bit also.
FEB will be down hard because of freezes, I expect. MAR and APR should be strong though.
Weekly EIA petroleum report: link here.
- US crude oil in storage decreased by 0.9 million bbls from the previous week (again, the EIA data and the API data living in two different universes; I'm not even sure those two universes are parallel)
- US crude oil in storage is 501.8 million bbls; still 6% above the five-year average;
- imports averaged 6.1 million bbls/day; increased by 0.5 million b/d; four-week average -- a whopping 9.4% less than the same four-week period last year; wow!
- refiners are operating at 83.9% operating capacity;
- distillate fuel inventories increased by 2.5 million bbls; 4% above the five-year average:
- jet fuel supplied as down 30.2% compared with same four-week period last year;
Gasoline demand:
