U.S. distillate shortages – a useful market primer
U.S. workforce and the impact from faster inflation
(more information about the distribution of losses)
United States narrows semiconductor embargo ($BBG)
Japan appeals for winter electricity conservation ($BBG)
U.S. EAST COAST distillate fuel oil inventories were just 24 million barrels on October 21, compared with a pre-pandemic five-year seasonal average of 50 million barrels. The East Coast deficit (-26 million bbl) accounted for nearly all the nationwide deficit (-29 million bbl):
WESTERN EUROPE’s gas consumptionwas down in August and September by 14-15% compared with the pre-pandemic seasonal average for 2015-2019, as a result of high prices, industrial closures, a slowing economy, and energy conservation measures:
JKempEnergy.com 