Author Topic: EIA Oil Inventories 2.347M Crude Build 5.951M Gasoline Build #TCoil  (Read 1811 times)

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U.S. Energy Information Administration (EIA) data for the week ended January 13, 2017

DOE Weekly Petroleum Status Report Date: 1/19/17
Release Time: Thursday 19 Jan 2017 - 17:00 GMT 11:30 ET


Market Expectations
Crude +2347K vs exp  Draw -1000k Prior +4097 API -5042k
Cushing -1274k vs exp Draw -756k Prior-579k API -1100k
Gasoline +5951K vs exp Build+2300k Prior+5023k API +9750k
Distillate -968K vs exp Draw -900k Prior 8356k API +1170k
Refinery utilization -2.9% vs exp -0.4% Prior 1.60%
Weekly production fell by -0.002 mbpd to 8.944 mbpd -0.291 mbpd lower YOY
Imports -651k
Note in in bbls *exp = Reuters poll est except Cushing

View Prev Week Report & Analysis.
 


DOE Estimates via @EnergyBasis

NB: Based off of 11-Yr Avg this is the last week Distillate stocks draw, then build through the beginning of January
also "Historically" #Gasoline stocks build now through end of February



EIA Prep via @DigStic

API via Marketwatch

The American Petroleum Institute late Wednesday reported a drop of 5 million barrels in U.S. crude supplies for the week ended Jan. 13, according to sources. Analysts polled by S&P Global Platts forecast a decline of 900,000 barrels. The API data also showed a jump of 9.8 million barrels in gasoline supplies and a rise of 1.2 million barrels in distillates, sources said. Supply data from the Energy Information Administration will be released Thursday morning, a day later than usual because of the Martin Luther King Jr. holiday. February crude CLG7, -2.10% was at $51.38 a barrel in electronic trading, up from the contract’s settlement of $51.08 on the New York Mercantile Exchange.

http://www.marketwatch.com/story/api-data-show-us-crude-supplies-fell-5-million-barrels-last-week-sources-2017-01-18

Ahead of API crude oil futures CL_G7 settled at $51.08/bbl - $1.40 -2.67%.

** Note with the unreliability of the API numbers highlighted by its constant debacles we offer you the bare bones of that report.


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Quote
Summary of Weekly Petroleum Data for the Week Ending January 13, 2017
U.S. crude oil refinery inputs averaged about 16.5 million barrels per day during the
week ending January 13, 2017, 639,000 barrels per day less than the previous week’s
average. Refineries operated at 90.7% of their operable capacity last week. Gasoline
production decreased last week, averaging about 9.0 million barrels per day. Distillate
fuel production decreased last week, averaging over 4.7 million barrels per day.
U.S. crude oil imports averaged 8.4 million barrels per day last week, down by 674,000
barrels per day from the previous week. Over the last four weeks, crude oil imports
averaged 8.2 million barrels per day, 4.5% above the same four-week period last year.
Total motor gasoline imports (including both finished gasoline and gasoline blending
components) last week averaged 588,000 barrels per day. Distillate fuel imports averaged
152,000 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 485.5 million
barrels, U.S. crude oil inventories are near the upper limit of the average range for this
time of year. Total motor gasoline inventories increased by 6.0 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
decreased by 1.0 million barrels last week but are above the upper limit of the average
range for this time of year. Propane/propylene inventories fell 7.4 million barrels last
week but are in the upper half of the average range. Total commercial petroleum
inventories decreased by 2.0 million barrels last week.
Total products supplied over the last four-week period averaged over 19.3 million barrels
per day, up by 0.1% from the same period last year. Over the last four weeks, motor
gasoline product supplied averaged about 8.6 million barrels per day, down by 2.4% from
the same period last year. Distillate fuel product supplied averaged over 3.5 million
barrels per day over the last four weeks, up by 6.6% from the same period last year. Jet
fuel product supplied is up 8.5% compared to the same four-week period last year.
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Gasoline Stocks (in mbbls) by #PADD for Week Ending January 13, 2017 via @EnergyBasis

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Distillate Stocks (in mbbls) by PADD for Week Ending January 13, 2017 ‏@EnergyBasis

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PADD3 Breakdown & Imports EIA Oil Inventories
« Reply #4: January 19, 2017, 12:57:09 PM »
PADD3 Crude Imports for Week Ending January 13, 2017 via ‏@EnergyBasis



PADD3 #DOE Report (in mbbls) for Week Ending January 13, 2017 via ‏@EnergyBasis

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Crude stocks rose by 2.347 mbbls to 485.46 mbbls, stocks are currently 30.29 mbbls higher YOY via ‏@EnergyBasis



Crude production fell by -0.002 mbpd to 8.944 mbpd, production is currently -0.291 mbpd lower YOY via ‏@EnergyBasis

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Distillate stocks fell by -0.968 mbbls to 169.07 mbbls, stocks are currently 4.544 mbbls higher YOY. via ‏@EnergyBasis



Distillate demand rose by 0.897 mbpd to 4.095 mbpd, demand is currently 0.417 mbpd higher YOY.  via ‏@EnergyBasis

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Gasoline stocks rose by 5.951 mbbls to 246.42 mbbls, stocks are currently 1.427 mbbls higher YOY. via ‏@EnergyBasis



Gasoline demand fell by -0.401 mbpd to 8.069 mbpd, demand is currently -1.01 mbpd lower YOY. via ‏@EnergyBasis

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Crude stocks rose by 2.347 mbbls to 485.46 mbbls, stocks are currently 30.29 mbbls higher YOY via ‏@EnergyBasis



Crude production fell by -0.002 mbpd to 8.944 mbpd, production is currently -0.291 mbpd lower YOY via ‏@EnergyBasis

Crude Production Since Price Collapse ‏@EnergyBasis





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Crude Feb WTI oil futures settle at $51.37 Up $0.29 or 0.57% after report
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Baker Hughes Oil Rig Count +29 to 551
« Reply #10: January 20, 2017, 12:08:50 PM »
Baker Hughes Rig Count

BHI US oil rig count +29 to 551,  +41 vs yr ago 510
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Canadian Bakers Hughes Rig Count
« Reply #11: January 20, 2017, 12:12:00 PM »
Canadian rig count via @BHInc

oil rigs 193, +23
gas rigs 149, +5
misc. rigs 0, -1

Total count 342 vs 315 last week
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