U.S. distillate inventories have fallen back within the five-year range

According to the U.S. Energy Information Administration’s Weekly Petroleum Status Report, for the week ending November 13, 2020, U.S. distillate inventories fell to 143 million barrels, back within its previous five-year (2015-19) range for the first time since May 8. U.S. distillate inventories reached 180 million barrels in late July, only 3% less than in December 1982, the largest U.S. inventory in EIA’s data, which go back to 1982.
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