Weekly EIA Petroleum Report -- March 30, 2022

Link here.

• US crude oil in storage decreased by a modest 3.4 million bbls last week.
• US crude oil in storage now stands at 409.9 million bbls, 14% below the five-year average and at least twice that amount needed in current environment based on days of supply in storage;
• US crude oil imports averaged 6.3 million bopd (yawn), down by 227,000 bopd from the previous week;
• US crude oil imports averaged 6.4 million bopd, 11.9% more than the same four-week period last year;
• US refiners are stepping up their game; now operating at 92.1% of their operable capacity
• distillate fuel inventories increased by 1.4 million bbls last week; still 16% below the five year average
• jet fuel supplied up was up 39.1% compared to same four-week period last year.