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Products supplied 2019 vs 2020

Personally i find it more interesting to look at the us weekly supplied figures then the EIA weekly stock changes as the latter ones dont really tell that much but looking at the product supplied you get a hint where the future is going in petroleum products consumption, something i find very interesting and how it will translate into future oil prices.

First chart above shows total products supplied by week for 2019 and 2020 from January to August. Low point in 2020 Mars of about 14 Million barrels supplied and from that a steady recover up till almost 20 million barrels for the latest week, but still about 2.5 million barrels per day shy of 2019 consumption for the same August week.

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