At every level, US fossil fuel inventories continue to decline. The decline in the SPR has accelerated.
This is not getting better anytime soon…….
“Davidson” submits:
- US Crude Production flat at 11.9mil BBL/Day, Total US Crude Inv fall 7mil BBL(-1mil working inv & -6mil SPR), US Crude Imports decline 0.9mil BBL/Day(6.3mil BBL/Week) Fudge factor 1,225mil BBL/Day(8.57mil BBL/Week)
- US Gasoline Inv decline 0.5mil BBL, US Refining Input rises 0.3mil BBL/Day, US Refined Products Export remain higher at the expense of US inventories
