EIA - Petroleum Status Report - Apr 29
Posted: Wed Apr 29, 2020 9:53 am
Summary of Weekly Petroleum Data for the week ending April 24, 2020
U.S. crude oil refinery inputs averaged 12.8 million barrels per day during the week ending April 24, 2020 which was 305,000 barrels per day more than the previous week’s average. Refineries operated at 69.6% of their operable capacity last week. < In a "normal world" U.S. refineries s/b ramping up to more than 95% capacity by the end of May.
Gasoline production increased last week, averaging 6.7 million barrels per day.
Distillate fuel production decreased last week, averaging 5.0 million barrels per day.
U.S. crude oil imports averaged 5.3 million barrels per day last week, up by 365,000 barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 5.4 million barrels per day, 19.7% less than the same four-week period last year. < IMO Trump should ban oil imports for 90 day, except from Canada.
Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 228,000 barrels per day, and distillate fuel imports averaged 235,000 barrels per day.
> U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 9.0 million barrels from the previous week. At 527.6 million barrels, U.S. crude oil inventories are about 10% above the five year average for this time of year. < This is BAD, but NOT AS BAD as last week's build.
> Total motor gasoline inventories decreased by 3.7 million barrels last week and are about 10% above the five year average for this time of year. Finished gasoline inventories increased while blending components
inventories decreased last week.
> Distillate fuel inventories increased by 5.1 million barrels last week and are about 4% above the five year average for this time of year.
> Propane/propylene inventories decreased by 0.6 million barrels last week and are about 13% above the five year average for this time of year.
>> Total commercial petroleum inventories increased last week by 10.4 million barrels last week.
Total products supplied over the last four-week period averaged 14.5 million barrels a day, down by 28.0% from the same period last year.
Over the past four weeks, motor gasoline product supplied averaged 5.3 million barrels a day, down by 43.7% from the same period last year.
Distillate fuel product supplied averaged 3.2 million barrels a day over the past four weeks, down by 15.1% from the same period last year.
Jet fuel product supplied was down 61.6% compared with the same four-week period last year.
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I've got an idea for Team Trump: Let's tell all cruise ships that they have to make one trip around the world before they can get back to regular cruises with passengers. We could make it a race and allow on-line betting so Vegas can make some money. The next week we can do the same for the airlines. It would be cheaper than more $Trillions of "Helicopter Money".
U.S. crude oil refinery inputs averaged 12.8 million barrels per day during the week ending April 24, 2020 which was 305,000 barrels per day more than the previous week’s average. Refineries operated at 69.6% of their operable capacity last week. < In a "normal world" U.S. refineries s/b ramping up to more than 95% capacity by the end of May.
Gasoline production increased last week, averaging 6.7 million barrels per day.
Distillate fuel production decreased last week, averaging 5.0 million barrels per day.
U.S. crude oil imports averaged 5.3 million barrels per day last week, up by 365,000 barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 5.4 million barrels per day, 19.7% less than the same four-week period last year. < IMO Trump should ban oil imports for 90 day, except from Canada.
Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 228,000 barrels per day, and distillate fuel imports averaged 235,000 barrels per day.
> U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 9.0 million barrels from the previous week. At 527.6 million barrels, U.S. crude oil inventories are about 10% above the five year average for this time of year. < This is BAD, but NOT AS BAD as last week's build.
> Total motor gasoline inventories decreased by 3.7 million barrels last week and are about 10% above the five year average for this time of year. Finished gasoline inventories increased while blending components
inventories decreased last week.
> Distillate fuel inventories increased by 5.1 million barrels last week and are about 4% above the five year average for this time of year.
> Propane/propylene inventories decreased by 0.6 million barrels last week and are about 13% above the five year average for this time of year.
>> Total commercial petroleum inventories increased last week by 10.4 million barrels last week.
Total products supplied over the last four-week period averaged 14.5 million barrels a day, down by 28.0% from the same period last year.
Over the past four weeks, motor gasoline product supplied averaged 5.3 million barrels a day, down by 43.7% from the same period last year.
Distillate fuel product supplied averaged 3.2 million barrels a day over the past four weeks, down by 15.1% from the same period last year.
Jet fuel product supplied was down 61.6% compared with the same four-week period last year.
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I've got an idea for Team Trump: Let's tell all cruise ships that they have to make one trip around the world before they can get back to regular cruises with passengers. We could make it a race and allow on-line betting so Vegas can make some money. The next week we can do the same for the airlines. It would be cheaper than more $Trillions of "Helicopter Money".