U.S. refinery January impact on crude...think historically we would see builds Sep-Dec...will be interesting to track January...
KEEP DRAINING THAT SPR!!
For perspective
2021 Dec 1st week 15,785 (Ramping...excluding the SPR this week EIA was a draw!!)
2021 Dec 2nd week 15,670 (Holding...excluding the SPR this week EIA was a draw!!)
UPDATED
2021 Dec 3rd week 15,818 (Ramping...excluding the SPR this week EIA was a draw!!)
2021 Dec 4th week 15,703 (Holding...excluding the SPR this week EIA was a draw!!)
Pre-covid (December we ramp up even more historically)
2019 Jan 1st week 17,566 (Declining)
2019 Jan 2nd week 17,223 (Declining)
2019 Jan 3rd week 17,049 (Declining)
2019 Jan 4th week 16,463 (Declining)
Also.....
Weekly U.S> Percent Utilization of Refinery Operable Capacity
2021 Dec 1st week 89.8 (Ramping...excluding the SPR this week EIA was a draw!!)
2021 Dec 2nd week 89.8 (Holding...excluding the SPR this week EIA was a draw!!)
2021 Dec 3rd week 89.6 (Holding...excluding the SPR this week EIA was a draw!!)
2021 Dec 4th week 89.7 (Holding...excluding the SPR this week EIA was a draw!!)
Pre-covid (January refinery decline rate historically)
2019 Jan 1st week 96.1 (Declining)
2019 Jan 2nd week 94.6 (Declining)
2019 Jan 3rd week 92.9 (Declining)
2019 Jan 4th week 90.1 (Declining)
