Author Topic: EIA Weekly US Oil Inventories  (Read 519 times)

TradersCom

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EIA Weekly US Oil Inventories
« Topic Start: March 16, 2016, 09:33:26 AM »
Oil supply data from the EIA DOE


Crude 1317K vs +3182K expected prior was +3880K
Market expectations averaged 2100K after API report last night showed a 1500K build yesterday.

Gasoline -747K vs -2472K exp
Distillates -1135K vs -554K exp

3.7% y/y decline in production.

Summary of Weekly Petroleum Data for the Week Ending March 11, 2016

Quote
U.S. crude oil refinery inputs averaged 16.0 million barrels per day during the week
ending March 11, 2016, 85,000 barrels per day more than the previous week’s average.
Refineries operated at 89.0% of their operable capacity last week. Gasoline production
increased last week, averaging over 10.0 million barrels per day. Distillate fuel
production increased last week, averaging 4.8 million barrels per day.

U.S. crude oil imports averaged 7.7 million barrels per day last week, down by 355,000
barrels per day from the previous week. Over the last four weeks, crude oil imports
averaged about 8.0 million barrels per day, 10.0% above the same four-week period last
year. Total motor gasoline imports (including both finished gasoline and gasoline
blending components) last week averaged 716,000 barrels per day. Distillate fuel imports
averaged 258,000 barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum
Reserve) increased by 1.3 million barrels from the previous week. At 523.2 million
barrels, U.S. crude oil inventories are at historically high levels for this time of year.
Total motor gasoline inventories decreased by 0.7 million barrels last week, but are well
above the upper limit of the average range. Finished gasoline inventories increased while
blending components inventories decreased last week. Distillate fuel inventories
decreased by 1.1 million barrels last week but are above the upper limit of the average
range for this time of year. Propane/propylene inventories rose 0.2 million barrels last
week and are well above the upper limit of the average range. Total commercial
petroleum inventories increased by 1.8 million barrels last week.

Total products supplied over the last four-week period averaged over 19.7 million barrels
per day, up by 1.8% from the same period last year. Over the last four weeks, motor
gasoline product supplied averaged 9.4 million barrels per day, up by 6.4% from the
same period last year. Distillate fuel product supplied averaged about 3.7 million barrels
per day over the last four weeks, down by 7.7% from the same period last year. Jet fuel
product supplied is up 1.8% compared to the same four-week period last year.



Source #EIA
« Last Edit: March 19, 2016, 07:59:01 PM by ThePitBox16 »
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ThePitBoss

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Re: EIA Weekly US Oil Inventories
« Reply #1: March 16, 2016, 10:36:23 AM »
Bullish report - who would have thought saying that at record storage but much better than expected and I found this interesting

Cushing +545k
Oil import -355k

Imports have been surging - a build at Cushing but not huge with this contango payout going on.
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KnovaWave

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Re: EIA Weekly US Oil Inventories
« Reply #2: March 16, 2016, 04:24:20 PM »
Bullish report - who would have thought saying that at record storage but much better than expected and I found this interesting

Cushing +545k
Oil import -355k

Imports have been surging - a build at Cushing but not huge with this contango payout going on.

 Was thinking about that with imports myself and all the reports of tankers off Galveston a surprise there. Gasoline and runs still full chat.
KnovaWave

 


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