Wednesday, December 14, 2022

EIA Weekly Petroleum Report -- December 14, 2022

The report, link here:

  • a huge build: inventories increased by 10.2 million bbls despite the Keystone being shut down;
  • US crude oil inventories are only 6% below the five-year average;
  • imports (yawn)
  • refiners operating at 92.2% capacity; dropped back a bit
  • distillate inventories also increased; still about 8% below the five-year average
  • jet fuel product supplied was up 5.5%

WTI: after report released

  • pretty much unchanged compared to opening numbers, before report released
  • corroborates API's numbers from yesterday
  • up 1.55% for the day; up $1.17; trading at $76.56.

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