Weekly EIA Petroleum Report -- September 22, 2021

Holy mackerel: ISO NE -- $75 this morning. Link here. This is autumn: heating not yet needed; a/c not needed.

• natural gas: 63%
• nuclear: 24%
• nothing else matters, does it?

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.  

Dow: up 200 at the opening.

• Energy SPDR: up almost 3%
• DVN: up over 5% today; just now Jim Cramer says DVN best in the oil patch
• highlighted DVN's variable dividend
• track DVN here;
  

FedEx: leading indicator

• shortage of employees will affect companies well into 2022

Netflix: huge acquisition, link here:

• buying entire library of Roald Dahl
• this is the firm's (Netflix) biggest acquisition to date
• already had a relationship; now cements it
• building its content arsenal in streaming wars against rivals, including Disney+, Amazon Prime, and HBO Max;
• much, much more at the link
  

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.  

Legacy Fund: still waiting for September deposits data. Link here.

EIA weekly petroleum report: Link here.

• US crude oil in storage decreased by a moderate 3.5 million bbls;
• US crude oil in storage now stands at 414.0 million bbls; 85 below the five-year average
• refiners are operating at 87.5% of their operable capacity
• US crude oil imports averaged 6.5 million bopd, increased by 0.7 million bopd; over the past four weeks, imports have averaged about 6.1 million bbls per day; almost 20% more than the same four-week period last year -- and a lot of that is coming from Russia
• distillate fuel inventories decreased by 2.6 million bbls last week; inventories now stand at 14% below the five-year average
• total commercial petroleum inventories decreased by 2.6 million bbls last week
• but look at this: total products supplied over the last four-week period averaged 21.0 million bbls per day, up by almost 20% from same period last year, the year of the plague year, but we need comparisons to 2019, pre-pandemic; comparisons with last year are almost meaningless;
• jet fuel supplied was up a whopping 70.4% compared with same period last year;

 Distillate fuel:

Distillate Fuel Inventories
Week	Date of Report	Change in Millions	Relative to 5-Yr Avg
Week 42	June 10, 2021	4.40	-5.0%
Week 43	June 16, 2021	-1.00	-6.0%
Week 44	June 23, 2021	1.80	-4.0%
Week 45	June 30, 2021	0.90	-5.0%
Week 46	July 8, 2021	1.60	-6.0%
Week 47	July 14, 2021	3.70	-4.0%
Week 48	July 21, 2021	-1.30	-4.0%
Week 49	July 28, 2021	-3.10	-7.0%
Week 50	August 4, 2021	0.80	-6.0%
Week 51	August 11, 2021	1.80	-6.0%
Week 52	August 18, 2021	-2.70	-8.0%
Week 53	August 25, 2021	0.60	-8.0%
Week 54	September 1, 2021	-1.70	-9.0%
Week 55	September 9, 2021	-3.10	-12.0%
Week 56	September 15, 2021	-1.70	-13.0%
Week 57	September 22, 2021	-2.60	-14.0%

Crude oil imports:

Crude Oil Imports
Week (week-over-week)	Date of Report	Raw Data, millions of bbls	Change (millions of bbls)	Four-week period comparison
Week 17	July 8, 2020	7.4	1.400	-8.500%
Week 18	July 15, 2020	7.5	-1.800	-10.200%
Week 19	July 22, 2020	5.9	0.373	-13.500%
Week 20	July 29, 2020	5.1	-0.800	-13.600%
Week 21	August 5, 2020	6.0	0.900	-18.100%
Week 67	June 23, 2021	6.9	0.197	-1.00%
Week 68	June 30, 2021	6.4	-0.500	2.80%
Week 69	July 8, 2021	5.9	-0.500	-2.20%
Week 70	July 14, 2021	6.2	0.347	-0.10%
Week 71	July 21, 2021	7.1	0.900	2.90%
Week 72	July 28, 2021	6.5	-0.600	6.90%
Week 73	August 4, 2021	6.4	-0.075	15.80%
Week 74	August 11, 2021	6.5	-0.036	16.30%
Week 75	August 18, 2021	6.4	-0.064	14.10%
Week 76	August 25, 2021	6.2	-0.193	8.80%
Week 77	September 1, 2021	6.3	-0.183	13.90%
Week 78	September 8, 2021	5.8	-0.500	12.20%
Week 79	September 15, 2021	5.8	-0.048	13.30%
Week 80	September 22, 2021	6.5	0.700	18.90%

Jet fuel delivered:

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%
Week 67	September 9, 2021	65.30%
Week 68	September 15, 2021	59.10%
Week 69	September 22, 2021	70.40%