IMG.gif
Fundamentals

Inventories: Diesel Stocks Remain Precariously Low

Copyright © 2022 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
ss1507737-oil-storage-diesel

The release of crude oil and refined products from strategic petroleum reserves (SPRs) has helped boost commercial inventories again in April and May. OECD inventories held by the industry rose 42 million barrels in April and 17 million bbl in May, preliminary data show. OECD April saw a big upward revision. But the situation is not as robust as the headline numbers suggest: the situation in key fuels gasoline and diesel remains precarious. The growth was in ‘other’ products — like propane in the US, which has no impact on global market pricing — and in crude oil. US ‘other’ products rose 17 million bbl in April and 18 million bbl in May. OECD crude oil added 18 million bbl in April and 4 million bbl in May.

Topics:
Oil Inventories, Crude Oil, Oil Products, Oil Tankers
Wanda Ad #2 (article footer)
#
Crude prices trail product values by a historic distance but find strength in high spot premiums from a distorted short-haul market in Europe.
Tue, Jul 19, 2022
Crude production in the US shale sector is expected to rise by about 141,000 b/d in September, according to the EIA.
Mon, Aug 15, 2022
Oil futures regained momentum on Wednesday, finding support at the $94/bbl mark and rebounding in the second half of the session.
Wed, Aug 10, 2022