EIA Weekly Petroleum Report -- March 16, 2022

Link here.

• 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