Weekly EIA Petroleum Report -- August 5, 2020

Weekly EIA petroleum report, link here:

• week-over-week crude oil inventories decreased by 7.4 million bbls
• US crude oil inventories now stand at 518.6 million bbls, about 16% above the 5-year average for this time of year
• refiners are operating at 79.6% of their operable capacity
• jet fuel product supplied was down 40.9% compared with same four-week period last year

US crude oil in storage:

Week	Date of Report=	Change	Million Bbls Storage
Week 0	November 21, 2018	4.9	446.9
Week 1	November 28, 2018	3.6	450.5
Week 2	December 6, 2018	-7.3	443.2
Week 3	December 12, 2018	-1.2	442.0
Week 4	December 19, 2018	-0.5	441.5
Week 5	December 28, 2018	0.0	441.4
Week 76	May 20, 2020	-5.0	526.5
Week 77	May 28, 2020	7.9	534.4
Week 78	June 3, 2020	-2.1	532.3
Week 79	June 10, 2020	5.7	538.1
Week 80	June 17, 2020	1.2	539.3	15%
Week 81	June 24, 2020	1.4	540.7	16%
Week 82	July 1, 2020	-7.2	533.5	15%
Week 83	July 8, 2020	5.7	539.2	18%
Week 84	July 15, 2020	-7.5	531.7	17%
Week 85	July 22, 2020	4.9	536.6	19%
Week 86	July 29, 2020	-10.6	526.0	17%
Week 87	August 5, 2020	-7.4	518.6	16%

Jet fuel delivered:

Jet Fuel Delivered, Change, Four-Week/Four-Week
Week	Date of Report	Change
Week 0	3/7/2020	-12.80%
Week 1	3/14/2020	-12.60%
Week 2	3/21/2020	-8.90%
Week 3	3/28/2020	-16.40%
Week 4	4/4/2020	-0.22%
Week 5	4/11/2020	-39.70%
Week 6	4/18/2020	-53.60%
Week 7	4/24/2020	-61.60%
Week 8	5/1/2020	-66.60%
Week 9	5/8/2020	-68.50%
Week 10	5/15/2020	-67.90%
Week 11	May 22, 2020	-66.60%
Week 12	June 3, 2020	-68.70%
Week 13	June 10, 2020	-63.70%
Week 14	June 17, 2020	-62.30%
Week 15	June 24, 2020	-62.50%
Week 16	July 1, 2020	-60.00%
Week 17	July 8, 2020	-57.20%
Week 18	July 15, 2020	-51.90%
Week 19	July 22, 2020	-47.70%
Week 20	July 29, 2020	-42.10%
Week 21	August 5, 2020	-40.90%

US crude oil imports:

Crude Oil Imports
Week (week-over-week)	Date of Report	Raw Data, millions of bbls	Change (millions of bbls)	Four-week period comparison
Week 0	March 11, 2029	6.4	0.174
Week 1	March 18, 2020	6.5	0.127
Week 2	March 25, 2020	6.1	-0.422
Week 3	April 1, 2020	6.0	-0.070
Week 4	April 8, 2020	5.9	-0.173
Week 5	April 15, 2020	5.7	-0.194
Week 6	April 22, 2020	5.6	-0.700
Week 7	April 29, 2020	5.3	0.365	-19.700%
Week 8	May 6, 2020	5.7	0.410
Week 9	May 13, 2020	5.4	-0.321	-26.100%
Week 10	May 20, 2020	5.2	-0.194
Week 11	May 28, 2020	7.2	2.000	-16.400%
Week 12	June 3, 2020	6.2	-1.000	-18.300%
Week 13	June 10, 2020	6.4	0.000	-13.300%
Week 14	June 17, 2020	6.6	-0.222	-10.000%
Week 15	June 24, 2020	6.5	-0.102	-11.600%
Week 16	July 1, 2020	6.5	-0.600	-11.300%
Week 17	July 8, 2020	7.4	1.400	-8.500%
Week 18	July 15, 2020	7.5	-1.800	-10.200%
Week 19	July 22, 2020	5.9	0.373	-13.500%
Week 20	July 29, 2020	5.1	-0.800	-13.600%
Week 21	August 5, 2020	6.0	0.900	-18.100%

DAPL -- August 5, 2020

Form Seeking Alpha yesterday.

• A decision from the D.C. Circuit Court of Appeals on Energy Transfer's request for a stay of the Dakota Access Pipeline shutdown order is expected any day now.
  
• Bloomberg senior energy litigation analyst Brandon Barnes reportedly believes the company's odds of winning are 40-50%, rising incrementally since no swift denial has occurred.
• The D.C. Circuit Court granted an administrative stay granted an administrative stay on July 15   while it considers whether the pipeline should be shut to address permitting issues dating to 2017; the pipeline has continued to operate for now, but the order is meant to be short term in nature.

AAPL -- August 5, 2020