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.


8 comments:

  1. No Corkie, no cupcakes! No Corkie, no cupcakes!

    ReplyDelete
    Replies
    1. I didn't see Corky either. I had to ask Sophia. Corky is hidden in the shadows to the left of Piggy, to the right of Sophia's right wrist, but very hard to see.

      Delete
  2. Brent heading North of $70, quickly

    ReplyDelete
  3. Even more so, for me, the Dow is down 600+ and its less then 2% of total

    ReplyDelete
    Replies
    1. Retail, mom-and-pop investors, get an opportunity of a life time ...

      Again, this is not an investment site, just my two cents worth ...

      Delete
  4. with our oil exports falling from 4,122,000 barrels per day to 1,796,000 barrels per day, i'm wondering if i missed a hurricane or an embargo or some other event that i should have known about..

    ReplyDelete
    Replies
    1. Greta (Thunberg) must have called President Biden and talked to him about the evils of hydrocarbons.

      But that is interesting: I completely missed that -- the drop in oil exports -- but I don't watch this as closely as you do.

      Delete