Wednesday, March 8, 2023

Crude Inventories Slip - Mar 08 2023

Today's EIA.gov report

Crude stocks up again, -1.7M barrels, from last week; Distillates up +138K Barrels; and Gasoline slid -1.1M barrels. 

Click on image to enlarge
WTI at $76.84, compared to $77.69, one week ago, and $119.69 a year ago (peak). 

Refinery output eased on a weekly basis, and still slightly below one year ago levels. 

For anyone interested, the U.S. has exported 503.9M barrels of crude and petroleum products, more than imported, since March 1, 2022. 7.0M barrels this past week.

Overall, crude stocks remain quite healthy, compared to this time last year, with days supply at 31.9, compared to last year's 27 days.

The SPR remains steady for the past 8 weeks at 371.579M barrels.



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