u/Independent-Ruin926

YouTube - EA Founder and Director of Market Intelligence Amrita Sen caught up with Jeff Currie, Co-Chair at Abaxx Exchange, Co-Founder of 1947 Oil & Gas Plc and Non-executive Director at Energy Aspects.

Distillate stocks have fallen to ~102 million barrels as of 8-May from ~119 in early March. New EIA report will be out tomorrow for fresh status as of 15 May.

100 mb is the danger level as per Currie, and essentially we are there already. Things will get worse end of May and early June. Currently, US is drawing inventory at rate of 7-10mb per month. Things get very ugly June onwards because the inventory cannot be drawn to 0, 25 mb of the 102 is unusable. 90-100 mb is the number below which regional shortages will begin.

Some sort of export controls by the US are not out of the question.