Vermilion Energy Inc. T.VET

API

[ThatAlbertaGuy]

That's no good 

Mar 09, 2021

12.792M

-1.000M

[Dumpinvestor]

Gasoline stockpiles down 8.5 mil, distillate went down 4.8 mil

[ThatAlbertaGuy]

where do you find this info ? I get my update off investing.com and they just show oil stockpile changes .   

[downtozero]

The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 12.8 million barrels for the week ended March 5, according to sources. The data also reportedly showed gasoline stockpiles down by 8.5 million barrels, while distillate inventories fell by 4.8 million barrels. Crude stocks at the Cushing, Okla., storage hub, meanwhile, edged up by 295,000 barrels for the week

[Dumpinvestor]

I found from market watch..at around 4:45 pm, they post info Google.. typing api inventory market watch

[ThatAlbertaGuy]

Ok thanks !

[Dumpinvestor]

In Oder to produce 8.5 mil barrel of gasoline and 4.8 mil distillate, it requires 17.5-18.5 mil of crude oil... so I think -12.8 mil is good number

[Moemoney42]

don't forget a number of refineries are still off line.. and once they come back to full production this gain is going to evaporate.. the gas and distillates tell the story.. the crude builds can be too manipulated by unloading a couple VLCC's or a release from the SPR.. the fact that there is such a draw in refined products is encouraging for price strength.. ;-)

[Natgasbc2021]

exactly o said this a few weeks ago there would be bid Raw Oil builds but Massive Product draws which headed into summer and covid fears dissipating = xtreme bullish IMO

[Dumpinvestor]

I agreed, in the last few weeks, the refineries ran about 60-70 % capacity. With driving season very soon, they must run 90-95% capacity, plus American oil companies will not increase production anytime soon,so we will see huge draw wti inventory... it is remind me of 2008-2010, crude oil shoot up to $150 / barrel. I am very bullish in Canada oil and gas sector