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Thursday, September 8, 2022

EIA Weekly Petroleum Report -- September 8, 2022

Link here.

Yesterday, from the API:

Today, the API weekly petroleum data:

  • a build of 3.645 million bbls;
  • from the SPR, released: 7.5 million bbls

Today, from the EIA:

  • US crude oil increaseed by a whopping 8.8 million bbs (same ballpark as that amount releaseed from SPR)
  • US crude oil in storage now totals 427.2 million bbls, 3% below the five-year average
    • in other words, just staying even with record amounts of oil released from the SPR
    • DOE knew last spring just how bad things were going to get when it made decision
  • US imports ... yawn ..
  • US refiners are operating at 90.9% of their operable capacity; a recent low; trending lower;
  • distillate fuel inventories increased by 0.1 million bbls; still 23% below their five-year average;
  • jet fuel supplied down 0.4%
  • gasoline demand to be reported later this afternoon
  • WTI: up 1.71%; up $1.40 after the report; trading at $83.34
  • natural gas: still just below $8.00

Gasoline: below $3.00 / gallon in north Texas; at $3.04 locally earlier this morning

  • now looks to be $2.99 / gallon

Tickers:

  • DVN: up
  • MNRL: back to flat after dropping a bit
  • CVX: up slightly; practically flat
  • SRE: after yeesterday's 52-week high; flat
  • OKE: up 1.4% today

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. Full disclaimer at tabbed link.

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.  

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