DTO - Open Insights: EIA's Weekly Petroleum Report (02/15/19)
Continuing our weekly series, Open Insights, we'll take a look at the EIA's Weekly Petroleum Status Report ("WPSR") for the week of February 15, 2019.
The EIA reported a crude build of 3.7M barrels for the week. Imports increased by 1.3M barrels per day (bpd) from last week and hovered around 7.5M bpd. Exports also increased to a surprising 3.6M bpd (up by more than 1.2M bpd from the prior week), but if we look at the four-week average, exports are coming in at about 2.7M bpd (high but not unreasonably so). Given WTI/Brent spreads