EIA weekly petroleum report, link here:
- US crude oil inventories dropped by an unremarkable 1.5 million bbls; yawn
- US crude oil inventories now stand at 423.9 million bbls; 6% below the five-year average; yawn
- Hurricane Ida: refiners operating at 82% of their operable capacity
- US crude oil imports averaged 5.8 million bbls per day last week; decreased by 0.5 million bbls per day; yawn
- over the past four weeks, the average of 6.2 million bbls per day imports is 12.2% more than the same four-week period last year -- noteworthy, especially for Russia, now that Resident Biden killed the Keystone XL
- distillate fuel inventories decreased by 3.1 million bbls; are 12% below the five-year average
- total petroleum inventories decreased by 10 million bbls last week
- jet fuel supplies was up 65.3% compared to same four-week period last year
Really, really good news. Look at the jump in the most recent week provided:
Jet Fuel Delivered, Change, Four-Week/Four-Week |
|
|
Week |
Date of Report |
Change |
Week 54 |
June 3, 2021 |
137.80% |
Week 55 |
June 10, 2021 |
95.10% |
Week 56 |
June 16, 2021 |
86.80% |
Week 56 |
June 23, 2021 |
97.50% |
Week 57 |
June 30, 2021 |
83.50% |
Week 58 |
July 8, 2021 |
89.10% |
Week 59 |
July 14, 2021 |
65.90% |
Week 60 |
July 21, 2021 |
49.50% |
Week 61 |
July 28, 2021 |
39.40% |
Week 62 |
August 4, 2021 |
42.90% |
Week 63 |
August 11, 2021 |
45.80% |
Week 64 |
August 18, 2021 |
56.10% |
Week 65 |
August 25, 2021 |
45.40% |
Week 66 |
September 1, 2021 |
51.70% |
Seek 66 |
September 9, 2021 |
65.30% |
Really, really bad news, almost no weeks in which there has been a distillate build. I am being told that farmers are being "killed" by the high price of propane and diesel. Quick: from where do we get distillates? Be specific.
Distillate Fuel Inventories |
|
|
Week |
Date of Report |
Change in Millions |
Week 42 |
June 10, 2021 |
4.40 |
Week 43 |
June 16, 2021 |
-1.00 |
Week 44 |
June 23, 2021 |
1.80 |
Week 45 |
June 30, 2021 |
0.90 |
Week 46 |
July 8, 2021 |
1.60 |
Week 47 |
July 14, 2021 |
3.70 |
Week 48 |
July 21, 2021 |
-1.30 |
Week 49 |
July 28, 2021 |
-3.10 |
Week 50 |
August 4, 2021 |
0.80 |
Week 51 |
August 11, 2021 |
1.80 |
Week 52 |
August 18, 2021 |
-2.70 |
Week 53 |
August 25, 2021 |
0.60 |
Week 54 |
September 1, 2021 |
-1.70 |
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