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Title : Re-Balancing. The Weekly Petroleum Report -- December 28, 2017
link : Re-Balancing. The Weekly Petroleum Report -- December 28, 2017

Re-Balancing. The Weekly Petroleum Report -- December 28, 2017

Data points:

• US crude oil inventories decreased by 4.6 million bbls (elsewhere it was said that this was more than expected) -- now in the middle of the average range for this time of the year -- this is the first time this comment has been made in quite some time
• refinery operating capacity: a nice jump -- nearing 96% (reported: 95.7%)
• gasoline production increased, now at 10.2 million bopd
• distillate fuel production also increased, now at 5.5 million bopd
• gasoline inventories actually decreased, but distillate inventories increased
• we will see the gasoline demand graph later today or tomorrow

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