YGRN - EIA Petroleum Update Takeaways: Demand Dropping Inventories Rising Diesel Resilient
One of the underappreciated luxuries of analyzing US oil markets is weekly data on inventories, imports, exports, refining utilization, production, demand and more from the Energy Information Administration's ((EIA)) Weekly Petroleum Status Report. In response to requests and in acknowledging the unprecedented oil market environment, the EIA has also rolled out new weekly storage capacity estimates by region. Yesterday's report, which includes data as of April 3, is packed with interesting takeaways related to reduced demand stemming from coronavirus. This piece briefly touches on some of these trends.
Demand - With many Americans working