- US crude oil in storage increased by a pretty significant 4.3 million bopd.
- US crude oil in storage now stands at 415.9 million bbls, about twice what is really necessary; 12% below the five-year average;
- US crude oil imports averaged 6.4 million bbls (yawn), up by 76,000 bopd day (really; that accurate?); crude oil imports aveerage 6.3 million bopd, almost 16% more than the same four-week period last years;
- refiners operating at 90.4% operable capacity; finally breached 90% after years (?) below 90%;
- distillate fuel inventories actually increased slightly; remain 16% below the five-year average;
- total products supplied over the last four-week period averaged exactly 21.0 million bpd, up by 12% from same period last year
- jet fuel supplied was up 39.3% compared with same four-week period last year
- gasoline demand graph will be posted later today
Wednesday, March 16, 2022
EIA Weekly Petroleum Report -- March 16, 2022
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