Pumper - I know you love my eternally positive comments - so...

Pumper - I know you love my eternally positive comments - so here goes another   Below is an excerpt from the report released last night.  Imports were down into the Gulf (no doubt due to Hermine) by 1.8MMBOPD  which works out at 12.5MMBBLS for the week (1.8 x 7days).  Clearly - this makes up the majority of the draw down in inventory.  Last 6-8 weeks, inventories have been building.  Market definitely coming back to balance - but will need more than a hurricane or two!  IMHO the main event will be an agreement between OPEC (principally Saudi and Iran) and Russia - but when.......who knows.

U.S. crude oil imports averaged about 7.1 million barrels per day last week, down by 1.8 million barrels per day from the previous week. Over the last four weeks, crude oil imports averaged 8.2 million barrels per day, 7.4% above the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 607,000 barrels per day. Distillate fuel imports averaged 108,000 barrels per day last week