U.S. inventory levels grew for the month of May as compared to our estimate; May 2019 month-end stocks were 70.01 million barrels compared to our estimate of 67.3 million barrels. May month-end inventory level was 33.9 days and 9.3 days higher than the same period last year. U.S. inventory levels are expected to peak in September at almost 110 million barrels and approximately 30 million barrels higher than inventory levels the same time last year.
Full Inventory Trends Reports are for NPGA members only. To read and download the August report, click here.