January 13th, 2010, 08:58 AM
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Total EIA Build was +3.6MM barrels, not so bad..
Summary of Weekly Petroleum Data for the Week Ending January 8, 2010 U.S. crude oil refinery inputs averaged 14.0 million barrels per day during the week ending January 8, 213 thousand barrels per day above the previous week's average. Refineries operated at 81.3 percent of their operable capacity last week. Gasoline production decreased last week, averaging 8.5 million barrels per day. Distillate fuel production increased last week, averaging 3.9 million barrels per day. U.S. crude oil imports averaged 8.9 million barrels per day last week, up 540 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 8.2 million barrels per day, 1.3 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 892 thousand barrels per day. Distillate fuel imports averaged 537 thousand barrels per day last week. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.7 million barrels from the previous week. At 331.0 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 increased by 3.8 million barrels last week, and are above the upper limit of the average range. Finished gasoline inventories decreased while blending components increased last week. Distillate fuel inventories increased by 1.4 million barrels, and are above the upper boundary of the average range for this time of year. Propane/propylene inventories decreased by 3.5 million barrels last week and are below the lower limit of the average range. Total commercial petroleum inventories increased by 3.6 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 19.0 million barrels per day, down by 0.9 percent compared to the similar period last year. Over the last four weeks, motor gasoline demand has averaged 8.9 million barrels per day, up by 0.4 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 4.0 percent from the same period last year. Jet fuel demand is 3.2 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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January 13th, 2010, 08:58 AM
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According to the Bloomberg survey, analysts believe that crude oil inventories had a build of 1500K during the week ending Jan 8 (last year crude saw a build of 1144K); expectations range from a draw of 2000K barrels to a build of 2500K (14 out of 17 analysts expect a draw; 1 analyst is unchanged); prior 4 week avg is a draw of 2185K... Analysts believe gasoline inventories had a build of 1700K (last year gas saw a build of 2068K); expectations range from a draw of 2000K to a build of 2600K (16 out of 18 analysts expect a build); prior 4 week avg is a build of 842K... Analysts believe distillate fuel inventories had a draw of 1300K (last year distillates saw a build of 6346K); expectations range from a draw of 3200K to a build of 2500K; (16 out of 18 analysts expect a draw); prior 4 week avg is a draw of 2067K.
Summary of Weekly Petroleum Data for the Week Ending January 8, 2010 U.S. crude oil refinery inputs averaged 14.0 million barrels per day during the week ending January 8, 213 thousand barrels per day above the previous week's average. Refineries operated at 81.3 percent of their operable capacity last week. Gasoline production decreased last week, averaging 8.5 million barrels per day. Distillate fuel production increased last week, averaging 3.9 million barrels per day. U.S. crude oil imports averaged 8.9 million barrels per day last week, up 540 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 8.2 million barrels per day, 1.3 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 892 thousand barrels per day. Distillate fuel imports averaged 537 thousand barrels per day last week. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.7 million barrels from the previous week. At 331.0 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 increased by 3.8 million barrels last week, and are above the upper limit of the average range. Finished gasoline inventories decreased while blending components increased last week. Distillate fuel inventories increased by 1.4 million barrels, and are above the upper boundary of the average range for this time of year. Propane/propylene inventories decreased by 3.5 million barrels last week and are below the lower limit of the average range. Total commercial petroleum inventories increased by 3.6 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 19.0 million barrels per day, down by 0.9 percent compared to the similar period last year. Over the last four weeks, motor gasoline demand has averaged 8.9 million barrels per day, up by 0.4 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 4.0 percent from the same period last year. Jet fuel demand is 3.2 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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January 13th, 2010, 08:59 AM
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Total commercial petroleum inventories increased by 3.6 million barrels last week
Total commercial petroleum inventories increased by 3.6 million barrels last week during last 24 week 17 of them had a decreased of 95.8 million barrels 7 of them had a increased of 27.6 million barrels For a total decreased of 70.5 million barrels Total commercial petroleum inventories decreased by 2.3 million barrels - 1/6/2010 Total commercial petroleum inventories decreased by 8.1 million barrels - 12/30/2009 Total commercial petroleum inventories decreased by 14.2 million barrels - 12/23/2009 Total commercial petroleum inventories decreased by 12.7 million barrels - 12/16/2009 Total commercial petroleum inventories decreased by 4.3 million barrels - 12/9/2009 Total commercial petroleum inventories increased by 5.5 million barrels - 12/2/2009 Total commercial petroleum inventories decreased by 0.9 million barrels - 11/25/2009 Total commercial petroleum inventories decreased by 4.2 million barrels - 11/18/2009 Total commercial petroleum inventories increased by 1.0 million barrels - 11/12/09 Total commercial petroleum inventories decreased by 8.4 million barrels - 11/4/2009 Total commercial petroleum inventories decreased by 1.6 million barrels - 10/28/2009 Total commercial petroleum inventories decreased by 4.2 million barrels - 10/21/2009 Total commercial petroleum inventories decreased by 5.8 million barrels - 10/15/2009 Total commercial petroleum inventories increased by 3.8 million barrels - 10/07/2009 Total commercial petroleum inventories increased by 4.6 million barrels - 09/30/2009 Total commercial petroleum inventories increased by 8.0 million barrels - 09/23/2009 Total commercial petroleum inventories decreased by 3.2 million barrels - 09/16/2009 Total commercial petroleum inventories decreased by 5.1 million barrels - 09/10/2009 Total commercial petroleum inventories decreased by 4.5 million barrels - 09/02/2009 Total commercial petroleum inventories decreased by 3.1 million barrels - 08/26/2009 Total commercial petroleum inventories decreased by 12.8 million barrels - 08/19/2009 Total commercial petroleum inventories increased by 1.1 million barrels - 08/12/2009 Total commercial petroleum inventories decreased by 2.7 million barrels - 08/05/2009 Total commercial petroleum inventories decrease 70.5 million barrels in last 24 weeks
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January 20th, 2010, 05:12 PM
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For the week ended Jan. 15, oil inventories fell 1.8 million barrels, compared to a 2.8 million-barrel increase expected by analysts polled by Platts. Gasoline stocks rose 667,000 barrels compared to forecasts for a rise of 2.1 million barrels. Distillate supplies tumbled 3.385 million barrels versus an anticipated rise of 1.1 million barrels.
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January 21st, 2010, 09:46 AM
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According to the Bloomberg survey, analysts believe that crude oil inventories had a build of 2450K during the week ending Jan 15 (last year crude saw a build of 6100K); expectations range from a draw of 1500K barrels to a build of 4500K (17 out of 18 analysts expect a build); prior 4 week avg is a draw of 338K... Analysts believe gasoline inventories had a build of 1750K (last year gas saw a build of 6475K); expectations range from a draw of 300K to a build of 3100K (17 out of 18 analysts expect a build); prior 4 week avg is a build of 1570K... Analysts believe distillate fuel inventories had a draw of 350K (last year distillates saw a build of 790K); expectations range from a draw of 2500K to a build of 2500K; (9 out of 18 analysts expect a draw; 2 analysts are at unchanged); prior 4 week avg is a draw of 991K.
Summary of Weekly Petroleum Data for the Week Ending January 15, 2010 U.S. crude oil refinery inputs averaged 13.8 million barrels per day during the week ending January 15, 181 thousand barrels per day below the previous week's average. Refineries operated at 78.4 percent of their operable capacity last week. Gasoline production increased 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 8.5 million barrels per day last week, down 355 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 8.5 million barrels per day, 1.2 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 730 thousand barrels per day. Distillate fuel imports averaged 272 thousand barrels per day last week. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 0.4 million barrels from the previous week. At 330.6 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 increased by 3.9 million barrels last week, and are above the upper limit of the average range. Both finished gasoline inventories and blending components inventories increased last week. Distillate fuel inventories decreased by 3.3 million barrels, and are above the upper boundary of the average range for this time of year. Propane/propylene inventories decreased by 4.8 million barrels last week and are below the lower limit of the average range. Total commercial petroleum inventories decreased by 1.6 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 1.8 percent compared to the similar period last year. Over the last four weeks, motor gasoline demand has averaged 8.8 million barrels per day, down by 0.2 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 6.8 percent from the same period last year. Jet fuel demand is 0.1 percent lower 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. Table 1. U.S. Petroleum Balance Sheet, 4 Weeks Ending 01/15/2010 Cumulative Four Week Averages Daily Averages Petroleum Supply Ending % % (Thousand Barrels per Day) 01/15/10 01/15/09 Change 2010 2009 Chg ------------------------------------------------------------------------------------ Crude Oil Supply Domestic Production (1) 5,480 5,151 6.4 Net Imports (Incl SPR) (2) 8,422 9,595 -12.2 Gross Imports (Excl SPR) 8,454 9,636 -12.3 SPR Imports 0 0 -- Exports 32 41 -22.0 SPR Stocks W/D or Added -18 -32 -- Other Stocks W/D or Added -108 -506 -- Product Supplied and Losses 0 0 -- Unaccounted-for Crude Oil (3) 99 24 -- Crude Oil Input to Refineries 13,875 14,232 -2.5 Other Supply Natural Gas Liquids Prod. (4) 2,057 1,792 14.8 Cumulative daily Other Liquids New Supply 779 697 11.8 averages will be shown Crude Oil Product Supplied 0 0 0.0 beginning with the week Processing Gain 943 962 -2.0 ending April 9, 2010, Net Product Imports (5) 735 1,405 -47.7 issue when Petroleum Gross Product Imports (5) 2,581 3,255 -20.7 Supply Monthly data for Product Exports (5) 1,847 1,850 -0.2 January 2010 become Prod Stocks W/D or Added (6)(7) 410 47 -- available. Total Prod Supplied for Domestic Use 18,798 19,134 -1.8 Products Supplied Finished Motor Gasoline (4) 8,789 8,809 -0.2 Kerosene-Type Jet Fuel 1,375 1,376 -0.1 Distillate Fuel Oil 3,660 3,929 -6.8 Residual Fuel Oil 471 727 -35.2 Propane/Propylene 1,596 1,391 14.7 Other Oils (8) 2,908 2,903 0.2 Total Products Supplied 18,798 19,134 -1.8 Total Net Imports 9,157 11,000 -16.8 ------------------------------------------------------------------------------------ Petroleum Stocks % Chg fr (Million Barrels) 01/15/10 01/08/10 01/15/09 Prev Week Yr Ago ------------------------------------------------------------------------------------ Crude Oil (Excluding SPR) (9) 330.6 331.0 338.1 -0.1 -2.2 Total Motor Gasoline 227.4 223.5 215.4 1.7 5.6 Reformulated 0.6 1.1 0.8 -45.5 -25.0 Conventional 83.5 82.9 96.2 0.7 -13.2 Blending Components 143.3 139.5 118.4 2.7 21.0 Kerosene-Type Jet Fuel 43.7 42.4 39.1 3.1 11.8 Distillate Fuel Oil (7) 157.1 160.4 144.9 -2.1 8.4 15 ppm sulfur and Under 98.8 99.8 84.6 -1.0 16.8 > 15 ppm to 500 ppm sulfur 17.5 18.6 20.6 -5.9 -15.0 > 500 ppm sulfur 40.9 42.0 39.7 -2.6 3.0 Residual Fuel Oil 38.8 37.4 35.8 3.7 8.4 Propane/Propylene 41.1 45.9 51.0 -10.5 -19.4 Unfinished Oils 78.8 78.2 85.6 0.8 -7.9 Other Oils (10) 133.4 133.7 135.8 -0.2 -1.8 Total Stocks (Excl SPR) (7) 1,051.0 1,052.6 1,045.6 -0.2 0.5 Crude Oil in SPR 726.6 726.6 702.7 0.0 3.4 Total Stocks (Incl SPR) (7) 1,777.6 1,779.2 1,748.3 -0.1 1.7
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Please feel free to contact me anytime with any feedback or questions about the First Enercast Financial services. Thanks for your loyal support! Ben Smith First Enercast Financial email: ben <at> firstenercastfinancial <dot> com phone: 303.860.7494
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January 21st, 2010, 09:49 AM
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Total commercial petroleum inventories decreased by 1.6 million barrels last week
during last 25 week 18 of them had a decreased of 99.7 million barrels 7 of them had a increased of 27.6 million barrels For a total decreased of 72.1 million barrels Total commercial petroleum inventories increased by 3.6 million barrels - 1/13/2010 Total commercial petroleum inventories decreased by 2.3 million barrels - 1/6/2010 Total commercial petroleum inventories decreased by 8.1 million barrels - 12/30/2009 Total commercial petroleum inventories decreased by 14.2 million barrels - 12/23/2009 Total commercial petroleum inventories decreased by 12.7 million barrels - 12/16/2009 Total commercial petroleum inventories decreased by 4.3 million barrels - 12/9/2009 Total commercial petroleum inventories increased by 5.5 million barrels - 12/2/2009 Total commercial petroleum inventories decreased by 0.9 million barrels - 11/25/2009 Total commercial petroleum inventories decreased by 4.2 million barrels - 11/18/2009 Total commercial petroleum inventories increased by 1.0 million barrels - 11/12/09 Total commercial petroleum inventories decreased by 8.4 million barrels - 11/4/2009 Total commercial petroleum inventories decreased by 1.6 million barrels - 10/28/2009 Total commercial petroleum inventories decreased by 4.2 million barrels - 10/21/2009 Total commercial petroleum inventories decreased by 5.8 million barrels - 10/15/2009 Total commercial petroleum inventories increased by 3.8 million barrels - 10/07/2009 Total commercial petroleum inventories increased by 4.6 million barrels - 09/30/2009 Total commercial petroleum inventories increased by 8.0 million barrels - 09/23/2009 Total commercial petroleum inventories decreased by 3.2 million barrels - 09/16/2009 Total commercial petroleum inventories decreased by 5.1 million barrels - 09/10/2009 Total commercial petroleum inventories decreased by 4.5 million barrels - 09/02/2009 Total commercial petroleum inventories decreased by 3.1 million barrels - 08/26/2009 Total commercial petroleum inventories decreased by 12.8 million barrels - 08/19/2009 Total commercial petroleum inventories increased by 1.1 million barrels - 08/12/2009 Total commercial petroleum inventories decreased by 2.7 million barrels - 08/05/2009 Total commercial petroleum inventories decrease 72.1 million barrels in last 25 weeks
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January 26th, 2010, 02:39 PM
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API Data:
*crude oil stocks fell 2.225 mln barrels last week, api reports *oil supplies dropped to 326.1 million barrels, api reports *DISTILLATE STOCKS FELL 1.98 MLN BARRELS TO 160.8 MLN, API SAYS *GASOLINE SUPPLIES ROSE 916,000 BARRELS TO 228.5 MILLION BARRELS Last edited by bellevue; January 26th, 2010 at 02:43 PM.
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January 27th, 2010, 08:11 AM
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According to the Bloomberg survey, analysts believe that crude oil inventories had a build of 1500K during the week ending Jan 22 (last year crude saw a build of 6218K); expectations range from a draw of 3000K barrels to a build of 3000K (15 out of 18 analysts expect a build); prior 4 week avg is a build of 755K... Analysts believe gasoline inventories had a build of 900K (last year gas saw a draw of 121K); expectations range from a draw of 1500K to a build of 2500K (13 out of 18 analysts expect a build; 1 analyst is at unchanged); prior 4 week avg is a build of 2778K... Analysts believe distillate fuel inventories had a draw of 1800K (last year distillates saw a draw of 1005K); expectations range from a draw of 3700K to a build of 2000K; (15 out of 18 analysts expect a draw); prior 4 week avg is a draw of 1050K.
Summary of Weekly Petroleum Data for the Week Ending January 22, 2010 U.S. crude oil refinery inputs averaged 13.6 million barrels per day during the week ending January 22, 200 thousand barrels per day below the previous week's average. Refineries operated at 78.5 percent of their operable capacity last week. Gasoline production increased last week, averaging 8.6 million barrels per day. Distillate fuel production increased last week, averaging 3.5 million barrels per day. U.S. crude oil imports averaged 7.9 million barrels per day last week, down 673 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 8.4 million barrels per day, 1.3 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 823 thousand barrels per day. Distillate fuel imports averaged 658 thousand barrels per day last week. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.9 million barrels from the previous week. At 326.7 million barrels, U.S. crude oil inventories are just above the upper limit of the average range for this time of year. Total motor gasoline inventories increased by 2.0 million barrels last week, and are above the upper limit of the average range. Both finished gasoline inventories and blending components inventories increased last week. Distillate fuel inventories increased by 0.4 million barrels, and are above the upper boundary of the average range for this time of year. Propane/propylene inventories decreased by 4.3 million barrels last week and are below the lower limit of the average range. Total commercial petroleum inventories decreased by 5.7 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 8.7 million barrels per day, down by 0.8 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 8.1 percent from the same period last year. Jet fuel demand is 1.5 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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January 27th, 2010, 09:00 AM
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Total commercial petroleum inventories decreased by 5.7 million barrels last week
Total commercial petroleum inventories decreased by 5.7 million barrels last week During last 26 week 19 of them had a decreased of 100.5 million barrels 7 of them had a increased of 27.6 million barrels For a total decreased of 77.8 million barrels Total commercial petroleum inventories decreased by 1.6 million barrels - 1/21/2010 Total commercial petroleum inventories increased by 3.6 million barrels - 1/13/2010 Total commercial petroleum inventories decreased by 2.3 million barrels - 1/6/2010 Total commercial petroleum inventories decreased by 8.1 million barrels - 12/30/2009 Total commercial petroleum inventories decreased by 14.2 million barrels - 12/23/2009 Total commercial petroleum inventories decreased by 12.7 million barrels - 12/16/2009 Total commercial petroleum inventories decreased by 4.3 million barrels - 12/9/2009 Total commercial petroleum inventories increased by 5.5 million barrels - 12/2/2009 Total commercial petroleum inventories decreased by 0.9 million barrels - 11/25/2009 Total commercial petroleum inventories decreased by 4.2 million barrels - 11/18/2009 Total commercial petroleum inventories increased by 1.0 million barrels - 11/12/09 Total commercial petroleum inventories decreased by 8.4 million barrels - 11/4/2009 Total commercial petroleum inventories decreased by 1.6 million barrels - 10/28/2009 Total commercial petroleum inventories decreased by 4.2 million barrels - 10/21/2009 Total commercial petroleum inventories decreased by 5.8 million barrels - 10/15/2009 Total commercial petroleum inventories increased by 3.8 million barrels - 10/07/2009 Total commercial petroleum inventories increased by 4.6 million barrels - 09/30/2009 Total commercial petroleum inventories increased by 8.0 million barrels - 09/23/2009 Total commercial petroleum inventories decreased by 3.2 million barrels - 09/16/2009 Total commercial petroleum inventories decreased by 5.1 million barrels - 09/10/2009 Total commercial petroleum inventories decreased by 4.5 million barrels - 09/02/2009 Total commercial petroleum inventories decreased by 3.1 million barrels - 08/26/2009 Total commercial petroleum inventories decreased by 12.8 million barrels - 08/19/2009 Total commercial petroleum inventories increased by 1.1 million barrels - 08/12/2009 Total commercial petroleum inventories decreased by 2.7 million barrels - 08/05/2009
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January 27th, 2010, 11:13 AM
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What the EIA Summary is not telling you in their text comments about gasoline
Total gasoline inventories up 2.0MM barrels, and above the upper limit of the average range. But, if you look at the components of this, you get a strange picture. Reformulated flat at 0.6MM barrels Conventional up 0.4MM barrels to 83.9MM barrels, up 0.5 percent for the week. Blending components up 1.7MM barrels to an incredible 145MM barrels, up 1.2 percent for the week. Then, when you look at the year over year comparisons, you see: Conventional 83.9MM versus 95.5MM, down 12.1 percent year over year Blending components 145.0MM versus 120.0MM, UP 20.8 percent year over year! My opinion is that we are awash in ethanol, that the farmers produced one heckuva lot of corn, the ethanol producers produced one heckuva lot of ethanol, and the inventories are reflecting this. But this masks the true state of the gasoline inventorie
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