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Thursday, December 28, 2023

EIA Weekly Petroleum Report -- December 28, 2023

Locator: 46409WTI.

Link here.

  • whopping increase in crude oil inventories: 6.9 million bbls
    • inventory: 436.6; change: 1% below five-year average;
    • WTI: down 3%; down $2.19; trading at $71.92.
    • oil tickers: down significantly.
  • refiners: 93.3%
  • imports: 8.2% increase
  • distillate fuel inventories: 9% below five-year average; trending down; a surprise
  • jet fuel supplied: up 2.7% from same period last year

Gasoline demand, link here: certainly corroborates "peak oil" stories today.

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