“The supply data contained in this ‘Weekly Petroleum Status’ report are based primarily on company submissions for the week ending 7:00 a.m. the preceding Friday. Selected data are released electronically after 10:30 a.m. Eastern Standard Time (EST) each Wednesday.”
“Reporting lag”, my interpretation is that could be part of it. For the week of September 3rd from the final week of August petroleum demand declined 13%, U.S. crude refinery inputs contracted 1.6 mm b/d, and production only dropped 1.5 mm b/d.
Mrs. Smith
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