Well, isn't this interesting. Brand new. Mea culpa.
Much could be said.
This week's data:
- US crude oil in storage increased by 1.6 million bbls; at 480.1 million bbls in storage, US crude oil inventories are about 7% above the five-year average;
- days supply, crude oil: 31.8, down from 31.9 (last week); link here;
- with supply 7% above 5-year average, and, days of supply out to 31.8 days, not much urgency to refill SPR any time soon.
- US crude oil imports: yawn;
- US refiners are operating at 88.2% of their operable capacity;
- distillate fuel inventories decreased by 2.5 million bbls; now 8% below the five-year average;
- jet fuel supplied was up a whopping 6.7%.
Do you remember the propane shortage some years ago. Now:
- propane / propylene inventories increased by 0.9 million bbls and are 42% above the five-year average.
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