Weekly Petroleum Report -- February 22, 2018; Re-Balancing Remains Unchanged; Gasoline Demand Remains Strong; Regular Gasoline In North Texas For $2.08 Easily Found

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Title : Weekly Petroleum Report -- February 22, 2018; Re-Balancing Remains Unchanged; Gasoline Demand Remains Strong; Regular Gasoline In North Texas For $2.08 Easily Found
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Weekly Petroleum Report -- February 22, 2018; Re-Balancing Remains Unchanged; Gasoline Demand Remains Strong; Regular Gasoline In North Texas For $2.08 Easily Found

Weekly petroleum report data points:
  • US commercial crude oil inventories decreased by 1.6 million bbls; at 420.5 million bbls, inventories in the lower half of the average range for this time of the year
  • refineries operated at 88% of their operable capacity last week; wow -- way below potential
  • despite that refinery capacity report, gasoline production actually increased last week, slightly more than 10 million bbls/day
  • distillate fuel production decreased last week, averaging about 4.5 million bbls/day
  • products delivered: up significantly year-over-year

Re-balancing (again, lines 1 - 23 hidden; otherwise chart would be getting too long to post):


Week
Date
Drawdown
Storage
Weeks to RB
Week 0
Apr 26, 2017

529.0
180
Week 24
October 12, 2017
2.8
462.2
40
Week 25
October 18, 2017
5.7
456.5
37
Week 26
October 25, 2017
-0.9
457.3
39
Week 27
November 1, 2017
2.4
454.9
38
Week 28
November 8, 2017
-2.2
457.1
42
Week 29
November 15, 2017
1.9
459.0
43
Week 30
November 22, 2017
1.9
457.1
42
Week 31
November 29, 2017
3.4
453.7
41
Week 32
December 6, 2017
5.6
448.1
37
Week 33
December 13, 2017
5.1
443.0
36
Week 34
December 20, 2017
6.5
436.5
30
Week 35
December 28, 2017
4.6
431.9
28
Week 36
January 4, 2018
7.4
424.5
25
Week 37
January 10, 2018
4.9
419.5
23
Week 38
January 18, 2018
6.9
412.7
20
Week 39
January 24, 2018
1.1
411.6
20
Week 40
January 31, 2018
-6.8
418.4
24
Week 41
February 7, 2018
-1.9
420.3
26
Week 42
February 14, 2018
-1.8
422.1
27
Week 43
February 21, 2018
1.6
420.5
27

Gasoline demand:




Thus Article Weekly Petroleum Report -- February 22, 2018; Re-Balancing Remains Unchanged; Gasoline Demand Remains Strong; Regular Gasoline In North Texas For $2.08 Easily Found

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