High inventories in Central Atlantic weighing on distillate spot prices (11/4/2015)

Distillate stocks in the Central Atlantic (Petroleum Administration for Defense District, PADD 1B), which encompasses the New York Harbor region, have risen nearly every week since April, reaching 36.9 million barrels as of October 30. This is 9.0 million barrels above the five-year average and 14.6 million barrels above the same time last year (Figure 1). ... More »