Wednesday, March 29, 2023

Is Anyone Paying Attention? Look At These Numbers -- March 29, 2023

EIA weekly petroleum report, link here:

  • US crude oil in storage decreased by a whopping 7.5 million bbls but the amount of oil in storage is still 6% more than its historical norm; six percent;
  • refiners are operating at 90% of their capacity;
  • implied gasoline demand hit 10 million bopd;
  • distillate fuel inventories are still 9% below their recent historical average;
  • airlines are taking 7.1% more jet fuel now than they did in the same period one year ago.

Gasoline demand, link here:

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2 comments:

  1. JohnMarch 29, 2023 at 3:34 PM

    What I saw was net imports is ~3 million barrels/day on line 33. Likely importing heavy and exporting light crude

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