This week's full report.
Consumption down, which is likely expected... considering the wide spread winter weather. Additionally, it is possible that refinery operations were impacted as well. It would take a couple more weeks of data to tell the tale.
Prices do seem ready to rise, but still... more data required.
The overall...
Crude inventories fell -9.2M barrels; distillates down -1.4M barrels; gasoline up +4.9M barrels.
For those interested, the exports of Crude, Petroleum Products, Including Gasoline has far outweighed the imports, by this much, since March, 2022.
Not sure of the impact of weather on refining, consumption, etc. Time will tell, imho.
No comments:
Post a Comment