crude oil imports
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Comparative Inventory & Oil Storage Report August 13, 2020 (2020-16)
- August 13, 2020
- Posted by: Art Berman
- Category: Oil Comparative Inventory
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Comparative inventory has decreased 15% over 5 weeks. At that rate, it will take 30 months before levels return to the 5-year average which is where things stood at the end of February.
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Comparative Inventory & Oil Storage Report August 6, 2020 (2020-15)
- August 6, 2020
- Posted by: Art Berman
- Category: Oil Comparative Inventory
Comparative inventory has fallen for two consecutive sessions week ending July 31after four previous weeks of extreme C.I. fluctuations. This suggests that the considerable disequilibrium of the previous month may be stabilizing.
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Comparative Inventory & Oil Storage Report July 15, 2020 (2020-12)
- July 15, 2020
- Posted by: Art Berman
- Category: Oil Comparative Inventory
This week’s storage report showed the first substantial decrease in comparative inventory not only since the March price collapse but also since the beginning of 2020.
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Comparative Inventory & Oil Storage Report July 8, 2020 (2020-11)
- July 8, 2020
- Posted by: Art Berman
- Category: Oil Comparative Inventory
Oil demand is recovering but at a very slow pace. Diesel is the key and so far, diesel use has barely increased from its April minimum