Thursday, November 12, 2026

Petroleum inventories (Nov-12-2026)

And away we go...


Gains across the board. Gasoline consumption is holding steady and gains are likely due to increased refinery operations. Which might also be the case across the board, as distillates increased... although exports did fall unexpectedly. The latter could be due to one vessel not loading. Next week might correct that number.

Crude production increased slightly on the 4 week average, but imports increased while exports decreased. No trend is apparent in the crude increase.


The SPR decreased 2.6M barrels, but the overall total petroleum and petroleum products inventory moved up 5.7M barrels. That was the first upward move in 3 weeks. Still not a trend, imo.


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Petroleum inventories (Nov-12-2026)

And away we go... Gains across the board. Gasoline consumption is holding steady and gains are likely due to increased refinery operations. ...