Wednesday, April 20, 2022

The EIA's Weekly Petroleum Report -- April 20, 2022

The EIA weekly report:

  • US crude oil in storage decreased by 8.0 million bbls, vs a 9.0-million-bbl increase last week;
  • US crude oil in storage now stands at 413.7 million bbls; 15% below the five-year average;
  • US imported 5.8 million bbls per day last week; down by 159,000 bbls per day; over the past four week weeks, crude oil imports have averaged about 6.1 million bbls per day (yawn);
  • US refiners now operating at 91.0% of their operable capacity last week;
  • distillate inventories decreased by another 2.7 million bbls last week; inventories are now 20% below the five-year average;
  • jet fuel delivered was up 15.7% compared with the same four-week period last year.

Distillate fuel:

Distillate Fuel

Date of Report

Change in Millions

Relative to 5-Year  average

Week 77

February 9, 2022

0.90

-19.0%

Week 78

February 16, 2022

-1.60

-19.0%

Week 79

February 24, 2022

-0.60

-18.0%

Week 80

March 2, 2022

-0.60

-16.0%

Week 81

March 9, 2022

-5.20

-18.0%

Week 82

March 16, 2022

0.03

-16.0%

Week 83

March 23, 2022

-2.10

-17.0%

Week 84

March 30, 2022

1.40

-16.0%

Week 85

April 6, 2022

0.80

-15.0%

Week 86

April 13, 2022

-2.90

-17.0%

Week 87

April 20, 2022

-2.70

-20.0%



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