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:
What I saw was net imports is ~3 million barrels/day on line 33. Likely importing heavy and exporting light crude
ReplyDeleteVery, very plausible. Thank you.
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