EIA: PADD 2 Crude Stocks Fall 1.2M Bbl, Products Rise


   
Karim Bastati
DTN Analyst

   VIENNA (DTN) -- Crude oil inventories in the Midwest fell in the week ending 
November 21, while fuel inventories recorded across-the-board builds, U.S. 
Energy Information Administration data released Wednesday (11/26) showed.

   Crude oil inventories in PADD 2 fell 1.2 million bbl to 100.9 million bbl, 
compared with 107.4 million bbl in the same week last year. Stocks at the 
Cushing, Oklahoma tank farm, delivery point for West Texas Intermediate 
futures, remained depressed at 21.8 million bbl, unchanged from the week prior. 
Cushing crude oil inventories were down 9.5% year-on-year, and 21.3% lower than 
in the same week in 2023.

   Midwest gasoline stocks rose 300,000 bbl to 44.6 million bbl, and remained 
500,000 bbl below levels reported for the same week in 2024.

   Distillate fuel oil inventories expanded by 200,000 bbl to 23.4 million bbl, 
trailing levels in the same reference week last year by 2.4 million bbl, or 
9.3%.

   PADD 2 jet fuel stockpiles, meanwhile, rose 700,000 bbl to 7.6 million bbl. 
The 10% week-on-week increase brought regional jet fuel stocks back in line 
with year-ago levels.




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