Locator: 45911WTI.
EIA weekly petroleum report: link here.
- US commercial crude oil in storage decreased by an unremarkable 1.5 million bbls; and, at 452.2 million bbls, US crude oil in storage is 1% below the five-year average;
- the five years go back to 2018, so at least two full years of that five-year average include the plague years;
- take a look at gasoline demand reported today; see below;
- crude oil imports his the 7-handle which is not often seen;
- refiners are still at 90+ percent operational capacity;
- distillate fuel inventories decreased by 1.0 million bbls and now stand a whopping 16% below the five-year average; harvesting season coming up; and, then look at jet fuel demand:
- jet fuel product supplied was up 8% compared to same four-week period last year:
- all-in-all, one wonders if "something is going on"? Perhaps "analysts" at social media will help out.
Gasoline demand: link here.
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Back to the Bakken
Active rigs: 36.
WTI:
Four new permits, #40020 - #40023, inclusive:
Operator: KODA Resources
- Field: Fertile Valley (Divide County)
- Comments:
- KODA Resources has permits for four Stout wells, SESE 16-160-102;
- two of which to be siteed 650 FFSL and with one at 827 FEL and the other 797 FEL;
- the other two will be sited 450 FSL with one at 778 FEL and the other at 748 FEL;
Five permits were renewed:
- CLR (4): two Charleston and two Olympia permits, all in Brooklyn oil field;
- Formentera Operations: SWD
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