Title : The Market, Energy, And Political Page, T+8 -- August 22, 2018
link : The Market, Energy, And Political Page, T+8 -- August 22, 2018
The Market, Energy, And Political Page, T+8 -- August 22, 2018
EIA: today's weekly report;- US crude oil inventories decreased by a whopping 5.8 million bbls; WTI climbs 3%
- refineries operating at 98.1% -- identical to last week
- imports down 1.5 million from that incredible number last week; now at 7.5 million bbls of imported oil
- gasoline production: slightly below "threshold" at 10.2 million b/d
- distillate fuel production: slightly below "threshold" at 5.4 million b/d
- gasoline supplied to the market: continues to trend down
- distillate supplied to the market: down almost 8% from same period last year (huge data point?)
- jet fuel supplied to market: up almost 4% year-over-year
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