- US crude oil inventories decreased by an incredibly small one million bbls from the previous week.
- US crude oil inventories are now 9% below the five-year average, at 415.1 million bbls.
- US crude oil imports average 7.1 million b/d; increased by almost a million bbls per day from the previous week.
- US refineries operated at 86.7%, trending down.
- Distillate fuel inventories decreased by 2.4 million bbls and are 19% below the five-year average.
- Jet fuel supplieed was up 29% compared with the same four-week period last year.
That minimal draw on crude oil is why oil stocks (shares) are down across the board today.
GM: I track EVs elsewhere. Guidance:
- will spend $35 billion on EVs and autonomous vehicles
- will build third EV truck factory;
- will build fourth battery factory.
OPEC: no surprises. Won't meet quotas. Bullish.
Europe's midstreamers are being hit with fairly massive IT attacks.
Texas freeze:
- forecast for less than two days
- starts today, Wednesday
- will barely drop below 28° at worse, and that just for a few hours
- at noon, I was outside, still comfortable with sweater; no jacket or parka needed
- forecast for snow, but less than an inch
- ends Friday
- schools canceled for both Thursday and Friday
UNP partners with self-driving trucks.
