[Gazzatrone]

As we all do on here, we become used to the practice of quoting Supply / Demand figures to support our statements. I myself am guilty of that.

But its only occured to me that any figures I have used are negated by the period of time it takes for oil to move from well to consumer.

Does anyone have or know the average time of oil production from Well to refinery to saleable product.

If I'm right in thinking Supply could have been exceeded by Demand further back than we think it has.

But its just a supposition.

[MonteQuest]

It depends. 35-45 days lag time for ME oil to the US. 10 days lag time from refined product to delivery.

Domestic, obvious less transport time to the refinery. Depends on where the oil is produced. It's PADD. If it's in the gulf, short transport.

Don't know if there is an average.