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CL Redux
- Thread starter schizo
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Summary of Weekly Petroleum Data for the Week Ending June 24, 2011
U.S. crude oil refinery inputs averaged 15.2 million barrels per day during the week ending June 24, 31 thousand barrels per day below the previous weekâs average. Refineries operated at 88.1 percent of their operable capacity last week. Gasoline production decreased last week, averaging nearly 9.1 million barrels per day. Distillate fuel production increased last week, averaging about 4.4 million barrels per day.
U.S. crude oil imports averaged just under 8.9 million barrels per day last week, down by 271 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 8.8 million barrels per day, 891 thousand 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 683 thousand barrels per day. Distillate fuel imports averaged 80 thousand barrels per day last week.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.4 million barrels from the previous week. At 359.5 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 1.4 million barrels last week and are in the middle of the average range. Finished gasoline inventories decreased while blending components inventories increased last week. Distillate fuel inventories increased by 0.3 million barrels last week and are in the upper limit of the average range for this time of year. Propane/propylene inventories increased by 1.7 million barrels last week and are below the lower limit of the average range. Total commercial petroleum inventories decreased by 0.3 million barrels last week.
Total products supplied over the last four-week period have averaged nearly 19.0 million barrels per day, down by 1.7 percent compared to the similar period last year. Over the last four weeks, motor gasoline product supplied has averaged about 9.3 million barrels per day, down by 0.3 percent from the same period last year. Distillate fuel product supplied has averaged close to 3.6 million barrels per day over the last four weeks, down by 4.7 percent from the same period last year. Jet fuel product supplied is 3.4 percent higher over the last four weeks compared to the same four-week period last year.
U.S. crude oil refinery inputs averaged 15.2 million barrels per day during the week ending June 24, 31 thousand barrels per day below the previous weekâs average. Refineries operated at 88.1 percent of their operable capacity last week. Gasoline production decreased last week, averaging nearly 9.1 million barrels per day. Distillate fuel production increased last week, averaging about 4.4 million barrels per day.
U.S. crude oil imports averaged just under 8.9 million barrels per day last week, down by 271 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 8.8 million barrels per day, 891 thousand 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 683 thousand barrels per day. Distillate fuel imports averaged 80 thousand barrels per day last week.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.4 million barrels from the previous week. At 359.5 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 1.4 million barrels last week and are in the middle of the average range. Finished gasoline inventories decreased while blending components inventories increased last week. Distillate fuel inventories increased by 0.3 million barrels last week and are in the upper limit of the average range for this time of year. Propane/propylene inventories increased by 1.7 million barrels last week and are below the lower limit of the average range. Total commercial petroleum inventories decreased by 0.3 million barrels last week.
Total products supplied over the last four-week period have averaged nearly 19.0 million barrels per day, down by 1.7 percent compared to the similar period last year. Over the last four weeks, motor gasoline product supplied has averaged about 9.3 million barrels per day, down by 0.3 percent from the same period last year. Distillate fuel product supplied has averaged close to 3.6 million barrels per day over the last four weeks, down by 4.7 percent from the same period last year. Jet fuel product supplied is 3.4 percent higher over the last four weeks compared to the same four-week period last year.
Should have reentered at .10 a minute ago. Too busy posting here. 
June 29, 2011, 10:41 a.m. EDT
Oil up 1.3% on larger-than-expected supply draw
SAN FRANCISCO (MarketWatch) -- Crude-oil futures rallied Wednesday after a report showed a larger-than-expected weekly decline for inventories. Crude for August delivery (NMN:CL1Q) added $1.37, or 1.6%, to $94.30 a barrel on the New York Mercantile Exchange. The contract had traded at $93.86 moments before the report. The Energy Information Administration reported a decline of 4.4 million barrels in crude inventories for the week ended June 24. Analysts polled by Platts had expected a decline around 1.7 million barrels. The EIA reported gasoline stocks down 1.4 million barrels, against expectations of an increase of 700,000 barrels. Supplies of distillates, which include heating oil and diesel, increased 300,000 barrels, the EIA said. The analysts surveyed had seen an addition of 1.8 million barrels.
June 29, 2011, 10:41 a.m. EDT
Oil up 1.3% on larger-than-expected supply draw
SAN FRANCISCO (MarketWatch) -- Crude-oil futures rallied Wednesday after a report showed a larger-than-expected weekly decline for inventories. Crude for August delivery (NMN:CL1Q) added $1.37, or 1.6%, to $94.30 a barrel on the New York Mercantile Exchange. The contract had traded at $93.86 moments before the report. The Energy Information Administration reported a decline of 4.4 million barrels in crude inventories for the week ended June 24. Analysts polled by Platts had expected a decline around 1.7 million barrels. The EIA reported gasoline stocks down 1.4 million barrels, against expectations of an increase of 700,000 barrels. Supplies of distillates, which include heating oil and diesel, increased 300,000 barrels, the EIA said. The analysts surveyed had seen an addition of 1.8 million barrels.
s@.6, .2 stop