Locator: 45740WTI.
WTI: initially up; now down.
- US crude oil increased by a whopping 10.2 million bbls; 424.2 million bbls; 3% below average.
- US crude oil imports: 6.3 million bpd; an increase; 3.5% more than same period one year ago
- refiners operating at a very, very low 85.7%
- gasoline production up; distillate production also increased
- distillates: 11% below average
- jet fuel supply up 5.1%
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US Oil Production: 13 Million BOPD Is The TargetBack in September, Rystad predicted that the US would hit a new all-time production record. Link here.
Where do we stand today (most recent government figures)? Link here.
When we hit that record:
- faux environmentalists will ignore it;
- faux environmentalists, on camera, when asked, will shedd alligator tears;
- the White House will have no press release congratulating US oil companies.
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