U.S. distillate demand recovery stalls with stocks at 38-year high

FILE PHOTO: Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease , at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, U.S. March 25, 2020. REUTERS/Elijah Nouvelage

The next weekly report due on Wednesday likely will show another build for last week, analysts forecast. Distillate products supplied - a proxy for demand - bottomed in late May at 2.7 million barrels per day , the lowest since 1998, and since has climbed to 3.7 million bpd, EIA data showed. Construction spending, which influences diesel use, fell to a one-year low in June, hit by declining outlays on private and public projects, government data showed.

Mother planes bringing their little ones to the jetgarden. Won't see any helicopter parents here. 🤷‍♂️

How's the 737s doing? Great example of how every big company fuck the average joe.

Beirut writ large

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