Wednesday, February 1, 2023

Gasoline, Crude and Distillate Inventories - FEB-1-23

Today's EIA.gov report. 

Crude stocks went up +4.1M barrels, from last week; Distillates up 2.3M Barrels; and Gasoline up 2.5M barrels. 

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WTI at $76.98, compared to $80.15, one week ago, and $86.69 a year ago. 

Refinery output slightly increased on this report, but still below one year ago levels. 

For anyone interested, the U.S. has exported 471M barrels of crude and petroleum products, more than imported, since March 1, 2022. Oddly, this week's report was the first since then to show a slight import/export deficit. -238K to be precise.

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