Title : Weekly Petroleum Report -- September 20, 2017
link : Weekly Petroleum Report -- September 20, 2017
Weekly Petroleum Report -- September 20, 2017
Weekly petroleum report, highlights.Re-balancing: 46 weeks.
- crude oil inventories increased by 4.6 million bbls from the previous week
- at 472.8 million bbls, US crude oil inventories are in the upper half of the average range for this time of year; two points to consider:
- number of years to determine the average not stated
- the huge glut of crude oil inventories since 2014 have skewed the average upwards
- gasoline inventories decreased 2.1 million bbls, but gasoline also remains in the upper half of the average range;
- gasoline supplied: average 9.5 million bbls per over the past four weeks
- distillate fuel product was up 14.5% from the same period last year
- refinery operating capacity clawing back from a recent low of 79% to 83% this past week
- gasoline production continues to decrease on a weekly basis while distillate fuel production is increasing
- US crude oil imports increased by almost one million bopd (actual: 888,000 bopd)
Thus Article Weekly Petroleum Report -- September 20, 2017
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