Wednesday, May 12, 2021

Weekly EIA Petroleum Report, A Real Yawner -- May 12, 2021

Weekly EIA petroleum report: link here.

  • US crude oil in storage pretty much unchanged; decreased by a paltry 0.4 million bbls;
  • US crude oil in storage now stands at 484.7 million bbls, about 2% below the five-year average
  • refiners operating at 86.1% of their operable capacity last week
  • distillate fuel inventories decreased by 1.7 million bbls last week and are about 3% below their five-year average
  • US crude oil imports averaged 5.5 million bbls per day last week; pretty much average; over the past four weeks, imports averaged 5.7 million bbls
  • jet fuel supplied doubled (107.5%) compared with same four-week period last year

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Remote Learning

The great thing about remote learning, one can bring all your friends to "reading time."

Yes, Sophia is on Webex, reading along with her classmates, most of whom have returned to the "physical" classroom. I think there are about 34 students in her class and only three are still learning from home.