YTD crude oil demand/supply breakdown through 19 weeks

$WTI Crude Oil - main 2306(CLmain)$ $Micro WTI Crude Oil - main 2306(MCLmain)$ $E-mini Crude Oil - main 2306(QMmain)$

The implied product demand moved lower for the week ending May 12/2023, led by a big drop in both gasoline and jet fuel demand. There is just so much noise/volatility in weekly data right now.

Image

YTD (through 19 weeks) crude oil demand/supply breakdown compared to previous years.

Image

Commercial Crude and Big 4 products are now up ~ 20.6m bbls through 19 weeks into 2023. They are ~27.6m bbls higher than the 5yr average (~7m bbls draw) and 69.6m bbls higher than in 2022 (~49m bbls draw).

Image

probably, one of the most bearish reports in recent weeks! YTD commercial crude inventories are up ~47m bbls, while big 4 products are down ~ 26.5m bbls.

Image

Refinery throughput continues to move higher reaching ~16m bbls/d for the first time in 2023. Throughput should be consistently higher than in 2022 for the second half of the year.

Image

Saudi Arabia's yearly crude oil exports to the US. Why do you think exports started dipping in 2017 and ever since?

Image

Join Tiger Futures Club to know more about trading futures!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

196

1

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":9970683817,"tweetId":"9970683817","gmtCreate":1684380273839,"gmtModify":1684380286534,"author":{"id":4117178794023552,"idStr":"4117178794023552","authorId":4117178794023552,"authorIdStr":"4117178794023552","name":"GA907","avatar":"https://community-static.tradeup.com/news/b1073584ceec71a415beefdc9dbd04f0","vip":8,"userType":8,"introduction":"-","boolIsFan":false,"boolIsHead":false,"crmLevel":0,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":1052,"starInvestorFlag":false},"themes":[{"themeId":"3532cf4850a64871bb9c3732eadc7935","categoryId":"770db9836d2348e6a2ce970784159449","name":"Futures Club","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":3532cf4850a64871bb9c3732eadc7935}&rnconfig={\"headerBarHidden\": true}","description":"Join Tiger Futures Club to know more about trading futures!","image":"https://static.tigerbbs.com/75a8315d7e7eae7e9f81266314b5d0df"}],"images":[{"img":"https://community-static.tradeup.com/news/e1d8bfa29e32de999b2cee3a483406c1","width":"680","height":"449"},{"img":"https://community-static.tradeup.com/news/0d8347a2e824204d4571bec137c71a93","width":"679","height":"217"},{"img":"https://community-static.tradeup.com/news/d109cd7bf8735bd143dbe31466d12db7","width":"680","height":"397"},{"img":"https://community-static.tradeup.com/news/a4dd733151820035cca2273b2bd42739","width":"680","height":"293"},{"img":"https://community-static.tradeup.com/news/889bae9f762ddc12aec6b73a606fa3f4","width":"680","height":"334"},{"img":"https://community-static.tradeup.com/news/c4b1db1fb14e5f83ff5914184c1eb429","width":"679","height":"346"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/e1d8bfa29e32de999b2cee3a483406c1","width":"680","height":"449"},{"img":"https://community-static.tradeup.com/news/0d8347a2e824204d4571bec137c71a93","width":"679","height":"217"},{"img":"https://community-static.tradeup.com/news/d109cd7bf8735bd143dbe31466d12db7","width":"680","height":"397"}],"title":"YTD crude oil demand/supply breakdown through 19 weeks ","html":"<html><head></head><body><p> <a data-mention-id=\"CLmain\" class=\"teditor-mention\" data-mention-name=\"WTI Crude Oil - main 2306\" href=\"https://ttm.financial/FUT/CLmain\">$WTI Crude Oil - main 2306(CLmain)$</a>  <a data-mention-id=\"MCLmain\" class=\"teditor-mention\" data-mention-name=\"Micro WTI Crude Oil - main 2306\" href=\"https://ttm.financial/FUT/MCLmain\">$Micro WTI Crude Oil - main 2306(MCLmain)$</a>  <a data-mention-id=\"QMmain\" class=\"teditor-mention\" data-mention-name=\"E-mini Crude Oil - main 2306\" href=\"https://ttm.financial/FUT/QMmain\">$E-mini Crude Oil - main 2306(QMmain)$</a> </p><p>The implied product demand moved lower for the week ending May 12/2023, led by a big drop in both gasoline and jet fuel demand. There is just so much noise/volatility in weekly data right now.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/c4b1db1fb14e5f83ff5914184c1eb429\" tg-width=\"679\" tg-height=\"346\"><span>Image</span></p><p>YTD (through 19 weeks) crude oil demand/supply breakdown compared to previous years.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/0d8347a2e824204d4571bec137c71a93\" tg-width=\"679\" tg-height=\"217\"><span>Image</span></p><p>Commercial Crude and Big 4 products are now up ~ 20.6m bbls through 19 weeks into 2023. They are ~27.6m bbls higher than the 5yr average (~7m bbls draw) and 69.6m bbls higher than in 2022 (~49m bbls draw).</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/e1d8bfa29e32de999b2cee3a483406c1\" tg-width=\"680\" tg-height=\"449\"><span>Image</span></p><p>probably, one of the most bearish reports in recent weeks! YTD commercial crude inventories are up ~47m bbls, while big 4 products are down ~ 26.5m bbls.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/889bae9f762ddc12aec6b73a606fa3f4\" tg-width=\"680\" tg-height=\"334\"><span>Image</span></p><p>Refinery throughput continues to move higher reaching ~16m bbls/d for the first time in 2023. Throughput should be consistently higher than in 2022 for the second half of the year.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/a4dd733151820035cca2273b2bd42739\" tg-width=\"680\" tg-height=\"293\"><span>Image</span></p><p>Saudi Arabia's yearly crude oil exports to the US. Why do you think exports started dipping in 2017 and ever since?</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/d109cd7bf8735bd143dbe31466d12db7\" tg-width=\"680\" tg-height=\"397\"><span>Image</span></p></body></html>","htmlText":"<html><head></head><body><p> <a data-mention-id=\"CLmain\" class=\"teditor-mention\" data-mention-name=\"WTI Crude Oil - main 2306\" href=\"https://ttm.financial/FUT/CLmain\">$WTI Crude Oil - main 2306(CLmain)$</a>  <a data-mention-id=\"MCLmain\" class=\"teditor-mention\" data-mention-name=\"Micro WTI Crude Oil - main 2306\" href=\"https://ttm.financial/FUT/MCLmain\">$Micro WTI Crude Oil - main 2306(MCLmain)$</a>  <a data-mention-id=\"QMmain\" class=\"teditor-mention\" data-mention-name=\"E-mini Crude Oil - main 2306\" href=\"https://ttm.financial/FUT/QMmain\">$E-mini Crude Oil - main 2306(QMmain)$</a> </p><p>The implied product demand moved lower for the week ending May 12/2023, led by a big drop in both gasoline and jet fuel demand. There is just so much noise/volatility in weekly data right now.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/c4b1db1fb14e5f83ff5914184c1eb429\" tg-width=\"679\" tg-height=\"346\"><span>Image</span></p><p>YTD (through 19 weeks) crude oil demand/supply breakdown compared to previous years.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/0d8347a2e824204d4571bec137c71a93\" tg-width=\"679\" tg-height=\"217\"><span>Image</span></p><p>Commercial Crude and Big 4 products are now up ~ 20.6m bbls through 19 weeks into 2023. They are ~27.6m bbls higher than the 5yr average (~7m bbls draw) and 69.6m bbls higher than in 2022 (~49m bbls draw).</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/e1d8bfa29e32de999b2cee3a483406c1\" tg-width=\"680\" tg-height=\"449\"><span>Image</span></p><p>probably, one of the most bearish reports in recent weeks! YTD commercial crude inventories are up ~47m bbls, while big 4 products are down ~ 26.5m bbls.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/889bae9f762ddc12aec6b73a606fa3f4\" tg-width=\"680\" tg-height=\"334\"><span>Image</span></p><p>Refinery throughput continues to move higher reaching ~16m bbls/d for the first time in 2023. Throughput should be consistently higher than in 2022 for the second half of the year.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/a4dd733151820035cca2273b2bd42739\" tg-width=\"680\" tg-height=\"293\"><span>Image</span></p><p>Saudi Arabia's yearly crude oil exports to the US. Why do you think exports started dipping in 2017 and ever since?</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/d109cd7bf8735bd143dbe31466d12db7\" tg-width=\"680\" tg-height=\"397\"><span>Image</span></p></body></html>","text":"$WTI Crude Oil - main 2306(CLmain)$ $Micro WTI Crude Oil - main 2306(MCLmain)$ $E-mini Crude Oil - main 2306(QMmain)$ The implied product demand moved lower for the week ending May 12/2023, led by a big drop in both gasoline and jet fuel demand. There is just so much noise/volatility in weekly data right now. Image YTD (through 19 weeks) crude oil demand/supply breakdown compared to previous years. Image Commercial Crude and Big 4 products are now up ~ 20.6m bbls through 19 weeks into 2023. They are ~27.6m bbls higher than the 5yr average (~7m bbls draw) and 69.6m bbls higher than in 2022 (~49m bbls draw). Image probably, one of the most bearish reports in recent weeks! YTD commercial crude inventories are up ~47m bbls, while big 4 products are down ~ 26.5m bbls. Image Refinery throughput continues to move higher reaching ~16m bbls/d for the first time in 2023. Throughput should be consistently higher than in 2022 for the second half of the year. Image Saudi Arabia's yearly crude oil exports to the US. Why do you think exports started dipping in 2017 and ever since? Image","highlighted":1,"essential":2,"paper":2,"likeSize":196,"commentSize":0,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/9970683817","repostId":0,"isVote":1,"tweetType":1,"viewCount":754,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["MCLmain","QMmain","CLmain"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":900,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9970683817"}