Weekly EIA Petroleum Report And Gasoline Demand -- June 1, 2023

Locator: 44817EIA.

Weekly EIA petroleum report, link here:

• US crude oil in commercial storage increased by 4.5 million bbls; at 459.7 million bbls, commercial storage is a whopping 2% below the five-year average;
• imports averaged a pretty healthy 7.2 million bopd, increasing by 1.367 million bopd; the four-week average tends to rn about 6.4 million bopd.
• refiners are operating at a very healthy 93.1% of their operable capacity;
• distillate fuel inventories increased by 1.0 million bbls but are still 18% below the five-year average;
• propane in storage is a whopping 33% above the five-year average;
• jet fuel supplied was up 3% y/y.

Gasoline demand, link here: