Wednesday, March 29, 2023

Crude Inventories drop - Mar 29 2023

Today's EIA.gov report

Crude stocks dropped, -7.5M barrels, from last week; Distillates edge up +281K Barrels; and Gasoline slid another -3.2M barrels.  

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WTI has risen to $72.71, compared to $70.09, one week ago, and $102.05 a year ago. 

Refinery output edged up on a weekly basis, but still below one year ago levels. 

For anyone interested, the U.S. has exported 575.5M barrels of crude and petroleum products, more than imported, since March 1, 2022. 21.1M barrels this past week.

Overall, crude stocks remain quite healthy, compared to this time last year, with days supply at 30.8, compared to last year's 26.1 days.

The SPR remains steady for the past 10 weeks at 371.579M barrels.



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