Wednesday, May 25, 2022

EIA's Weekly Petroleum Report -- May 25, 2022

Link here.

  • US crude oil inventories decreased by an unremarkable one million bbls from the previous week
  • US crude oil inventories now at 419.8 million bbls are 14% below the five-year average
  • US crude oil imports averaged 6.5 million bbls per day last week (yawn); down by 82,000 bpd (yawn); imports averaged 6.4 million bpd, 8.6% more than same period last year;
  • US refiners are operating at 93.2% of their operable capacity
  • gasoline production decreased, but distillate fuel production increased
  • distillate fuel inventories increased by 1.7 million bbls last week and despite that are 21% below the five-year average
  • jet fuel product supplied was up 22% compared with same four-week period last yeaer
  • US crude oil supple in days dropped a bit, to 26.8 days
  • gasoline demand will be reported later today

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