Wednesday, June 16, 2021

Notes From All Over -- Morning Edition -- June 16, 2021

Bloomsday, June 16: link here

Blogging will be interrupted this morning due to scheduled events this morning. I will be back after 1:00 p.m.

EIA weekly petroleum report: link here

  • US crude oil in storage decreased by a whopping 7.4 million bbls;
  • US crude oil in storage now stands at 466.7 million bbls; 5% below the fat-five-year average;
  • US refiners operating at 92.6% of their operable capacity;
  • US gasoline production increased last week, averaging just under 10 million bpd (9.9)
  • distillate fuel inventories decreased by 1.0 million bbls; inventories now 6% below five-year average;
  • US crude oil imports, at 6.3 million bpd, are about 6% below last year's numbers
  • jet fuel product was up 87% compared with same period one year ago

Dashboards: reminder -- the June dashboards have been released --

Aluminum siding: the most interesting story I'm not seeing -- EV home charging installation companies. Until I see huge move in this direction, I'm still not convinced EVs are being widely accepted. People want to charge their EVs at home, overnight. If so, folks should be clamoring for installation of EV charging stations in their garages. Maybe that's happening and I'm simply missing the story. 


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