EIA Weekly Petroleum Report: Pending -- April 13, 2022

WTI: prior to the report -- $101.90. 

EIA weekly petroleum report: link here. 

Eager to see if the EIA report corroborates the API report yesterday.

• US crude oil in storage increased by a whopping 9.4 million bbls from the previous week.
• US crude oil in storage now stands at 421.8 million bbls.
• US crude oil imports average 6.0 million bpd, down by 305,000 bpd from the previous week.
• US crude oil imports averaged 6.3 million bpd (yawn).
• US refiners operating at 90% of their operable capacity, down from 92% in the last report. Interesting, huh? The long pole in the tent: refiners? Not oil? How about heavy oil? The kind that comes from western Canada? That would have been carried by the Keystone XL?
  
• Distillate fuel production decreased last week, averaging 4.7 million bpd.
• Distillate fuel inventories continued to decrease; dropped another 2.9 million bbls; now 17% below the five-year average.
• Jet fuel supplied was up 23.1% compared with same four-week period last year.

WTI: immediately after the report released -- $101.90, unchanged.

Later, 10:31 a.m. CT: WTI at $102.40. President Biden tracking.