Wednesday, December 14, 2016

EIA Weekly Petroleum Status Report: Spike in Production, Drop in Imports and Demand

Today's EIA Report showed a drop in Crude Inventories (down 2.563 MMBBL), a sharp rise in Lower 48 Production (up 101 KBBL), and a dive in net imports (just 3.6 MMBBL).  The 4 week moving average of gasoline demand also fell, continuing the downward trend and below 2015 levels.

See 11 graphs below: