Established 1999
123jump.com - U.S. Financial Information Archive: 90,000 Annual and 10-K reports – 20,000 Global news stories - 3,500 IPO reports - 1,700 - Earnings Calls – 320 Fund Interviews – 10-year Annual earnings on 4,500 stocks – 20 Quarterly earnings on 3,600 stocks – 1,800 IPO prospectuses – 1,200 Economic data releases
     
   
 
U.S.Economy: 
Near Record Crude Import
Author: 123jump.com Staff
123jump.com
Last Update: 10:59 AM ET August 10 2005


(Continued)

Email article | Print article

The oil hungry U.S. economy hit the second-best record oil import in the last week. The gasoline and distillate production inched higher even though refineries processed 64,000 barrels less in the week. The Crude inventories rose but the inventories for distillate and gasoline fell.

 
The weekly crude inventories rose by 2.8 million barrels vs. one million barrels draw down estimated by the market. The gasoline inventory fell by 0.1 million more than estimated and distillate inventories rose by 0.9 million barrels more than anticipated by the market.

The unedited copy of the Weekly Petroleum Report is in the following paragraphs with the web link to the report.

Summary of Weekly Petroleum Data for the Week Ending August 5, 2005

U.S. crude oil refinery inputs averaged nearly 16.0 million barrels per day during the week ending August 5, down 64,000 barrels per day from the previous week's average. Refineries operated at 95.0 percent of their operable capacity last week.

However, gasoline production increased, averaging nearly 8.8 million barrels per day, while distillate fuel production inched up slightly, averaging 4.3 million barrels per day.

U.S. crude oil imports averaged nearly 11.1 million barrels per day last week, up 101,000 barrels per day from the previous week, and the second highest weekly average ever. Over the last four weeks, crude oil imports have averaged 10.7 million barrels per day, an increase of 374,000 barrels per day from the comparable four weeks last year.

Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged nearly 1.2 million barrels per day, the largest weekly average so far in 2005, while distillate fuel imports averaged 182,000 barrels per day.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) rose by 2.8 million barrels from the previous week. At 320.8 million barrels, U.S. crude oil inventories are well above the upper end of the average range for this time of year. Total motor gasoline inventories fell by 2.1 million barrels last week, putting them in the lower half of the average range.
  1 More: U.S.Economy

 



 
© 1999-2008 123jump.com. All rights reserved