According to the Bloomberg survey, analysts believe that crude oil inventories had a build of 400K during the week ending Jan 31 (last year crude saw a build of 7170K); expectations range from a draw of 3000K barrels to a build of 4000K (9 out of 16 analysts expect a build; 2 analysts are at unchanged); prior 4 week avg is a build of 167K... Analysts believe gasoline inventories had a build of 1400K (last year gas saw a build of 362K); expectations range from a draw of 1000K to a build of 2500K (15 out of 16 analysts expect a build); prior 4 week avg is a build of 3367K... Analysts believe distillate fuel inventories had a draw of 1150K (last year distillates saw a draw of 1361K); expectations range from a draw of 2000K to a build of 2000K; (13 out of 16 analysts expect a draw); prior 4 week avg is a draw of 466K.
Summary of Weekly Petroleum Data for the Week Ending January 29, 2010
U.S. crude oil refinery inputs averaged 13.5 million barrels per day during the
week ending January 29, 163 thousand barrels per day below the previous week's
average. Refineries operated at 77.7 percent of their operable capacity last
week. Gasoline production decreased last week, averaging 8.6 million barrels
per day. Distillate fuel production decreased last week, averaging 3.5 million
barrels per day.
U.S. crude oil imports averaged 8.4 million barrels per day last week, up 559
thousand barrels per day from the previous week. Over the last four weeks,
crude oil imports have averaged 8.4 million barrels per day, 1.4 million
barrels per day below the same four-week period last year. Total motor gasoline
imports (including both finished gasoline and gasoline blending components)
last week averaged 926 thousand barrels per day. Distillate fuel imports
averaged 438 thousand barrels per day last week.
U.S. commercial crude oil inventories (excluding those in the Strategic
Petroleum Reserve) increased by 2.3 million barrels from the previous week. At
329.0 million barrels, U.S. crude oil inventories are above the upper limit of
the average range for this time of year. Total motor gasoline inventories
decreased by 1.3 million barrels last week, and are above the upper limit of
the average range. Finished gasoline inventories increased while blending
components inventories decreased last week. Distillate fuel inventories
decreased by 1.0 million barrels, and are above the upper boundary of the
average range for this time of year. Propane/propylene inventories decreased
by 2.9 million barrels last week and are below the lower limit of the average
range. Total commercial petroleum inventories increased by 0.7 million barrels
last week, and are above the upper limit of the average range for this time of
year.
Total products supplied over the last four-week period has averaged 18.8
million barrels per day, down by 2.0 percent compared to the similar period
last year. Over the last four weeks, motor gasoline demand has averaged 8.6
million barrels per day, down by 0.5 percent from the same period last year.
Distillate fuel demand has averaged 3.7 million barrels per day over the last
four weeks, down by 9.1 percent from the same period last year. Jet fuel demand
is 0.2 percent higher over the last four weeks compared to the same four-week
period last year.
The tables that follow display the latest U.S. Petroleum Balance Sheet and the
most recent 4 weeks of Weekly Petroleum Status Report data.
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