“The US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial crude inventories rose by 2.8 million barrels last week, bringing the total US commercial crude inventory to 365.2 million barrels, around the upper limit of the five-year range for this time of the year.
A Platts survey provided a consensus estimate for a weekly inventory gain of 1.8 million barrels while the American Petroleum Institute had projected an inventory gain of 6.85 million barrels. Today’s increase is substantially less than the 9 million barrels gained last week.
Total gasoline inventories fell by 4.3 million barrels last week and remain in the upper limit of the five-year average range. Over the last four weeks, gasoline supplied has declined by -4% compared to the same period last year. Total motor gasoline supplied averaged 8.6 million barrels/day for the four weeks.
For the past week, crude imports averaged 8.5 million barrels/day, a drop of 1.3 million barrels/day from the previous week. Refineries were running at 83.8% of capacity, with daily input of nearly 14.4 million barrels/day, down by 395,000 barrels/day from the previous week….”
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Funny thing about the gasoline numbers too – the UK was/is having a massive gas shortgage. Runs on stations and the works. Wanna bet they aren’t related?
Nope…the U.K. government told the public to run out and get that gas. Then when the shortages hit they said just fill up half way.
Excuse me not gas but petrol my jolly good man