In late June 2020, weekly distillate inventories in the Northeast United States reached 52.3 million barrels, the largest inventory since late November 2016. Since then, Northeast distillate inventories have declined to 43.7 million barrels as of the week ending January 29. Although inventories declined overall, they were still 10% higher than the previous five-year (2016–20) average for that time of year, according to data in the U.S. Energy Information Administration’s (EIA) Weekly Petroleum Status Report. About 80% of the U.S. homes that use distillate fuel as their main heating fuel are in the Northeast.
About Stu Turley
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Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino.
Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.