• 4 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 8 minutes The Coal Industry May Never Recover From The Pandemic
  • 11 minutes China Raids Bank and Investor Accounts
  • 10 hours Biden admits he has been tested for Cognitive Decline several times. Didn't show any proof of test results.
  • 2 hours Putin Forever: Russians Given Money As Vote That Could Extend Putin's Rule Draws To A Close
  • 1 hour During March, April, May the states with the highest infections/deaths were NY, NJ, Ma. . . . . Today (June) the three have the best numbers. How ? Herd immunity ?
  • 12 hours Apology Accepted!
  • 4 hours Tesla Model 3 police cars pay for themselves faster than expected, says police chief
  • 15 hours U.S. natural gas at major disadvantage in Europe and China.
  • 16 hours Biden came out of his basement today (Thursday) and said , "we have 120 Million deaths from Covid 19.
  • 3 hours Why Oil could hit $100
  • 4 hours The Political Genius of Donald Trump
  • 16 hours Putin Paid Militants to Kill US Troops
  • 21 hours CoVid in Spain, 9 months before China
  • 21 hours Per most popular Indian websites it was Indian troops not Chinese troops breach of LAC that caused the clashes. If you know any Indian media that claim to the contrary please provide the link
  • 21 hours The world is headed for big problems - interview with very smart economist

Breaking News:

OPEC Production Falls To Three Decade Low

U.S. Oil Production Soars Despite Shale Bottlenecks

Friday September 21, 2018

In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy sector. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers.

Let’s take a look.

(Click to enlarge)

Key Takeaways

- Crude inventories fell again, the fifth consecutive week of declines. Stocks are now at 394.1 million barrels, the lowest level since early 2015.

- This week, gasoline inventories fell. In previous weeks, increases in gasoline stocks offset the declines in crude inventories. But the decline in gasoline stocks in the most recent report painted a decidedly bullish portrait, although it is unclear if this trend will continue.

1. U.S. gasoline demand still strong

(Click to enlarge)

- U.S. gasoline demand remains robust, despite higher retail gasoline prices and hints earlier this year that pointed to a slowdown.
- In the latest EIA report, gasoline stocks fell again, despite high refining runs, a sign of healthy demand. In other words, even as refiners churned out gasoline at a high rate, the market soaked up the supply instead of diverting it into storage.
- Gasoline demand stood at 9.534 mb/d for the week ending on September 14, or about 0.372 mb/d above the five-year average and up 0.093 mb/d from a year ago, according to Standard Chartered.
- Retail gasoline prices…




Oilprice - The No. 1 Source for Oil & Energy News