US Exports Reach Record as Gasoline and Distillate Stocks Fall
U.S. exports of crude and refined products reached a record 12.881 million barrels a day last week, while gasoline inventories fell by more than 4 million barrels and distillate stocks dropped by about 3.4 million barrels, according to Energy Information Administration data. The stock declines were concentrated in the two main transportation fuels even as combined crude and refined-product shipments set a new high.
From the sources (8 posts)
@staunovoUS petroleum inventories (crude, SPR, refined products) fell by 5.92mb w/w to 1,669.195mb last week - EIA #oott
@staunovoUS crude inventories fell by 2.211mb last week (commercial: +1.925mb, SPR -4.136mb) - EIA #oott
@staunovoUS gasoline inventories fell by 4.136mb, distillate by 3.427mb last week - EIA #oott
@tomklozaEIA Highlight: Products' exports hit new all-time record of 8.083-million b/d thanks to 915k of gasoline departures and 1.6-million barrels of distillate moving offshore. This record won't last long with higher rates forthcoming.
@tomklozaStill no clear signs of demand destruction as US gasoline demand again tops 9-million b/d and distillate demand tops 4-million b/d. Attrition on jet fuel demand with implied number sinking under 1.6-million b/d.
@staunovoUS exports of crude and refined products reached a record of 12.881mbpd last week -EIA #oott
@oilheadlinenewsEIA: Crude: +1.925M Gasoline: -4.570M Distillates: -3.427M Cushing: +0.806M SPR: -4.136M
@rory_johnstonUS commercial petroleum inventories declined by only 1.8 MMbbl last week, driven by ongoing declines in gasoline (-4.6) and gasoline (-3.4) but offset by a 1.9 MMbbl build in crude together with inflows of NGLs.