@Amalteya3000 Utilization is far more important than the absolute inventory number. As the number of tanks have increased since 2004 so has the volume of unusable tank bottoms.
Aromatics could get tight later this summer esp if retail prices cool off and demand stays decent. Really doubt India will be floating those typical cargos of Alky into Atlantic Basin either... I could see a supply side issue for both CBOB and RBOB (NYMEX spec) later this driving season.
Hi @DarioCpx as others have commented the monthly data (which is higher quality) is always released on a 2 month lag.. on the last biz day of May they will release March data. Meanwhile, you can find the EIA weekly estimates here, scroll down to find 'SPR' under the 'Stocks' heading https://t.co/B1Md4M1EtA
I went to a Catholic University about 10 years ago and the Catholic 101 class was taught by an old nun and one of the books we were assigned for the class was documents of V2... Sister would read a passage to the class and say, it didn't used to be this way, before the council we would....'
I found a Latin NO shortly after that and within a few years found the TLM.
Don't rule out reading major V2 docs as part of your 200 year history. It would be an interesting compare and contrast.
@AdiSurreyEnergy@OilCfd Not sure how it works in Europe but some of the US pipeline bbls have pretty long payment terms, 30-50 days, depending how far the refinery is from the source. Refined product revenue usually comes in much more quickly