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Wednesday, July 21, 2021

Notes From All Over -- Including EIA's Weekly Petroleum Report -- July 21, 2021

Gasoline demand, link here:

Market: wow. Dow up over 230 points. 

Legacy Fund: reporting seems delayed. Should be seeing July, 2021, deposits by now. Link here.

Jargon: first heard this on CNBC today -- linear television. The term has been around for a long, long time; first time I heard it today -- on CNBC:

Linear television is when television programming follows a schedule, decided unilaterally by someone at the channel headquarters. ... Non-linear television is "on-demand" programs. These are VOD, SVOD, Catchup/Replay... modern television where we can choose what time we watch what we would like to see. -- May 28, 2015

US crude oil supply: in days, pending:

EIA's weekly petroleum report, link here:

  • US crude oil in storage increased by 2.1 million bbls;
  • US crude oil in storage now stands at 439.7 million bbls; 7% below the five-year average;
  • US crude oil imports averaged 7.1 million bbls per day; increased by 0.9 million bpd; averaged about 6.4 million bopd; 2.9% more than same four-week period last year;
  • refiners are operating at 91.4%;
  • distillate fuel inventories decreased by 1.3 million bbls; 4% below last week;
  • jet fuel supplied was up 49.5% compared to same four-week period last  year;
  • comment: we need to quit comparing this year's data with last year's date. We need to start comparing this year's data with same period in 2019. But that won't happen.

6 comments:

  1. Comparing week to week I see total crude and products stock up about 5 million barrels and imports of 12 million barrels for this week.

    ReplyDelete
    Replies
    1. Holy mackerel, I just checked: WTI is up 4.70%; up $3.16; and trading at $70.36.

      Predicting oil prices is a fool's errand.

      Delete
  2. I did my part in keeping fuel demand. 11 day vacation, 200 gallons diesel 100 gallons gasoline, 20 gallons propane.

    ReplyDelete
    Replies
    1. Wow, you sure did! Did you have any problem finding RV hook-ups? My son-in-law, his father, and our three granddaughters (including Sophia) will begin a similar trip at the end of July. About two weeks. West from Texas to California and then north to Portland, OR.

      Delete
  3. Make reservations. I'm finding that getting camping slots on weekends are hard to get. Traveling from Maryland to Florida did a stopover in SC on Thursday and Sunday night, no problem. Booked a week stay at an oceanfront slot in March for Florida. Tried to book a Delaware state park beach location, no RV spots available weekday or weekend until second week of November.

    ReplyDelete
    Replies
    1. Exactly what I expected. Thank you. Hopefully my son-in-law and his father have this covered; I'm staying out of this. LOL.

      Delete

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