Title : EIA Weekly Petroleum Report -- February 21, 2019
link : EIA Weekly Petroleum Report -- February 21, 2019
EIA Weekly Petroleum Report -- February 21, 2019
Link here.But first, let's see what WTI is doing: down 16 cents; right at $57
- EIA weekly crude oil inventories: increased by 3.7 million bbls
- EIA weekly crude oil inventories: 454.5 million bbls; at 6% of five-year average; and the 5-year average keeps increasing
- refineries operating at an incredible low 85.9% capacity (second week in a row that we have seen incredibly low operating rate)
- both gasoline and distillate production decreased modestly last week, most background noise
- but again, imports up over 1.3 million bopd -- suggesting that the refiners still need that heavy oil to offset all the light oil from the Permian
- having said that, crude oil imports are still down 10% compared to same four-week period last year
- everything else seems unremarkable
Thus Article EIA Weekly Petroleum Report -- February 21, 2019
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