Pages

Monday, September 12, 2022

Focus On Fracking -- September 11, 2022

Link here. Bottom line:

  • SPR at another 37½ year low; 
  • oil rigs at a 12 week low;
  •  natural gas rigs at a 37 month high 

US oil data from the US Energy Information Administration for the week ending September 2nd showed that: 

  • after a near record draw of oil from our SPR, 
  • an increase in our oil imports. a decrease in our oil exports, 
  • a decrease in our oil refining, and 
  • a decrease in​ those​ oil supplies that could not be accounted for, 
  • we had oil left to add to our stored commercial crude supplies for the  first time time in four weeks, and for the 17th time in the past 41 weeks

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.