Wednesday, March 22, 2023

Crude Inventories Edge Up - Mar 22 2023

Today's EIA.gov report. 

Crude stocks up again, +1.1M barrels, from last week; Distillates slid -3.3M Barrels; and Gasoline slid -6.0M barrels.  

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WTI has risen to $70.09, compared to $68.39, one week ago, and $107.06 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 554.6M barrels of crude and petroleum products, more than imported, since March 1, 2022. 25.9M barrels this past week.

Overall, crude stocks remain quite healthy, compared to this time last year, with days supply at 31.7, compared to last year's 26.6 days.

The SPR remains steady for the past 9 weeks at 371.579M barrels.




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