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
     
   
 
Market Update : 
Ample Fuel Supplies
Author: Ivaylo Dagnev
123jump.com
Last Update: 7:06 AM EST January 12 2006



Email article | Print article

The Department also announced that domestic supplies of gasoline increased by 4.5 million barrels last week and that supplies of distillate fuel, which include heating oil and diesel, grew by 4.9 million barrels.

 
The following is the unedited transcript of the news release from the Energy Information Administration.

Summary of Weekly Petroleum Data for the Week Ending January 6, 2006

U.S. crude oil refinery inputs averaged nearly 15.3 million barrels per day
during the week ending January 6, up 19,000 barrels per day from the previous
week''s average. Refineries operated at 89.8 percent of their operable capacity
last week. Gasoline production dropped significantly from the previous week,
averaging over 8.6 million barrels per day, while distillate fuel production
increased slightly, averaging over 4.2 million barrels per day.

U.S. crude oil imports averaged nearly 9.9 million barrels per day last week,
down 188,000 barrels per day from the previous week. Over the last four
weeks, crude oil imports have averaged 10.0 million barrels per day, a decrease
of 48,000 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 1.0 million barrels per day. Distillate fuel
imports averaged 623,000 barrels per day last week, the eighth largest weekly
average ever, and the most since the week ending February 20, 2004.

U.S. commercial crude oil inventories (excluding those in the Strategic
Petroleum Reserve) dropped by 2.9 million barrels from the previous week. At
318.7 million barrels, U.S. crude oil inventories remain well above the upper
end of the average range for this time of year. Total motor gasoline
inventories rose by 4.5 million barrels last week, putting them in the middle of
the average range. Distillate fuel inventories jumped by 4.9 million barrels
last week, and are near the upper end of the average range for this time of
year. A large increase in low-sulfur distillate fuel (diesel fuel) inventories
added to an increase in high-sulfur distillate fuel (heating oil) inventories.
Total commercial petroleum inventories increased by 1.6 million barrels last
week, and remain above the upper end of the average range for this time of year.

Total products supplied over the last four-week period has averaged 21.4 million
barrels per day, or 1.4 percent more than averaged over the same period last
year. Over the last four weeks, motor gasoline demand has averaged over 9.2
million barrels per day, or 1.0 percent above the same period last year.
Distillate fuel demand has averaged 4.3 million barrels per day over the last
four weeks, or 2.5 percent above the same period last year. Jet fuel demand is
up 3.9 percent over the last four weeks compared to the same four-week period
last year.


Available at: http://www.eia.doe.gov
More: Market Update Archive

 


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