Pages

Thursday, March 31, 2022

The Biden Surge -- Refined Products; Refineries; Where Will Product End Up -- March 31, 2022

The Biden Surge is tracked here.  

Data points of interest to be followed monthly for the next six months:

  • days of supply of US crude oil;
  • amount of distillate in storage;
  • refiners percent of operating capacity;
  • US exports of crude oil; refined products;
  • destination of US crude oil exports; refined product exports;

If the one-million-bopd-SPR-release is announced, data points that will be of interest:

  • refiners operating at 92% operating capacity; will that percentage increase?
  • what product is most critical right now? diesel fuel
  • will refiners get the "right" oil to optimize diesel fuel production?
  • I don't think it's a zero-sum game, but some suggest refiners could produce more diesel at expense of gasoline
  • currently there's a 26.6 day supply of crude oil; at the mid-point

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.