From: Wagner, Jonathan
Sent: Wednesday, April 15, 2020 9:40:04 AM (UTC-06:00) Central Time (US & Canada)
To: Wagner, Jonathan
Subject: DOE Stats
30mm build across crude and products with Cushing stocks now at 55m bbls. P3 adds 10m even with imports -200 and exports +600 w/w. refinery runs drop another 1m b/d to 12.65m b/d and US production fell 100k to 12.3 (11.8 lower 48). The crude supply adj factor added another 500k b/d w/w to +871k b/d as well. Gasoline implied demand was unch’ed while disty and crude demand dropped decently again
|
|
This Week |
Last Week |
Change |
|
Total Crude |
503,618 |
484,370 |
19,248 |
|
Total Mogas |
262,217 |
257,303 |
4,914 |
|
Total Distillate |
129,004 |
122,724 |
6,280 |
|
|
|
|
|
|
Cushing Crude |
54,965 |
49,241 |
5,724 |
|
Padd 1 Crude |
11,289 |
11,971 |
(682) |
|
Padd 2 Crude |
147,405 |
141,755 |
5,650 |
|
Padd 3 Crude |
263,360 |
253,122 |
10,238 |
|
Padd 4 Crude |
24,127 |
22,844 |
1,283 |
|
Padd 5 Crude |
57,437 |
54,679 |
2,758 |
|
|
|
|
|
|
Padd 1 Distillate |
37,703 |
35,546 |
2,157 |
|
Padd 2 Distillate |
29,925 |
29,809 |
116 |
|
Padd 3 Distillate |
43,997 |
41,063 |
2,934 |
|
Padd 1 ULSD Inventory |
33,732 |
31,750 |
1,982 |
|
Padd 2 ULSD Inventory |
28,998 |
29,014 |
(16) |
|
Padd 3 ULSD Inventories |
36,595 |
34,285 |
2,310 |
|
Padd 1 mogas |
71,893 |
70,512 |
1,381 |
|
Padd 2 mogas |
60,199 |
60,549 |
(350) |
|
Padd 3 mogas |
85,907 |
81,897 |
4,010 |
|
Padd 5 mogas |
35,046 |
34,901 |
145 |
|
Padd 1 RBOB |
21,820 |
22,361 |
(541) |
|
|
|
|
|
|
Distillate Implied Demand |
4,343 |
5,099 |
(756) |
|
Distillate Fuel Exports |
1,585 |
1,293 |
292 |
|
Total Gasoline Imports |
402 |
493 |
(91) |
|
Padd 1 Gasoline Imports |
299 |
361 |
(62) |
|
Padd 3 Gasoline Imports |
5 |
123 |
(118) |
|
Gasoline Implied Demand |
5,081 |
5,065 |
16 |
|
|
|
|
|
|
Total Crude Imports |
5,680 |
5,874 |
(194) |
|
Padd 1 Crude Imports |
402 |
211 |
191 |
|
Padd 2 Crude Imports |
2,571 |
2,610 |
(39) |
|
Padd 3 Crude Imports |
1,423 |
1,983 |
(560) |
|
Padd 5 Crude Imports |
956 |
686 |
270 |
|
US Crude Exports |
3,436 |
2,833 |
603 |
|
|
|
|
|
|
US Crude Production |
12,300 |
12,400 |
(100) |
|
Lower 48 Production |
11,800 |
11,900 |
(100) |
|
Crude Implied Demand |
15,230 |
16,106 |
(876) |
|
|
|
|
|
|
US Total Refinery Runs |
12,665 |
13,634 |
(969) |
|
Padd 1 Refinery Runs |
454 |
549 |
(95) |
|
Padd 2 Refinery Runs |
2,726 |
3,063 |
(337) |
|
Padd 3 Refinery Runs |
7,304 |
7,659 |
(355) |
|
Padd 5 Refinery Runs |
1,756 |
1,871 |
(115) |
|
|
|
|
|
|
Crude Oil Supply Adjustment |
871 |
361 |
510 |
|
|
|
|
|
|
US Crude Imports From Saudi |
410 |
369 |
41 |
|
US Crude Imports From Iraq |
36 |
235 |
(199) |
|
US Crude Imports From Kuwait |
0 |
0 |
0 |
|
US Crude Imports From Venezuela |
0 |
0 |
0 |
|
US Crude Imports From Canada |
3,259 |
3,156 |
103 |
Jonathan Wagner
Ion Energy Group
180 Maiden Lane 25th Floor
New York, NY 10005
Direct: 212-709-2261
Cell: 914-843-6986
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