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 : 
Crude Oil Inventories Decline
Author: 123jump.com Staff
123jump.com
Last Update: 10:50 AM EST January 10 2007



Email article | Print article

U.S. commercial crude oil inventories dropped by 5.0 million barrels compared to the previous week. However, at 314.7 million barrels, U.S. crude oil inventories remain above the upper end of the average range for this time of year. Total motor gasoline inventories rose by 3.8 million barrels last week, and are near the upper end of the average range. Distillate fuel inventories rose by 5.4 million barrels, and are above the upper end of the average range for this time of year.

 
The following is the un-edited press release from the Energy Information Administration.


Summary of Weekly Petroleum Data for the Week Ending January 5, 2007

U.S. crude oil refinery inputs averaged 15.6 million barrels per day during the week ending January 5, up 74,000 barrels per day from the previous week''s average. Refineries operated at 91.5 percent of their operable capacity last week. Gasoline production declined last week compared to the previous week, averaging nearly 9.2 million barrels per day, while distillate fuel production increased, averaging over 4.4 million barrels per day.

U.S. crude oil imports averaged 9.5 million barrels per day last week, down 621,000 barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged over 9.4 million barrels per day, or 534,000 barrels less than averaged over the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged over 1.0 million barrels per day. Distillate fuel imports averaged 475,000 barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) dropped by 5.0 million barrels compared to the previous week. However, at 314.7 million barrels, U.S. crude oil inventories remain above the upper end of the average range for this time of year. Total motor gasoline inventories rose by 3.8 million barrels last week, and are near the upper end of the average range. Distillate fuel inventories rose by 5.4 million barrels, and are above the upper end of the average range for this time of year. Increases were seen in both high-sulfur distillate fuel (heating oil) inventories and diesel fuel inventories (a combination of ultra-low-sulfur and low-sulfur). Total commercial petroleum inventories jumped by 7.4 million barrels last week, and are above the upper end of the average range for this time of year.

Total products supplied over the last four-week period has averaged 20.4 million barrels per day, or 4.2 percent less than averaged over the same period last year. Over the last four weeks, motor gasoline demand has averaged 9.3 million barrels per day, or 0.8 percent above the same period last year. Distillate fuel demand has averaged 4.2 million barrels per day over the last four weeks, or 2.6 percent below the same period last year. Jet fuel demand is down 8.8 percent over the last four weeks compared to the same four-week period last year.


Available at:

http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/weekly_petroleum_status_report/current/txt/wpsr.txt
More: Market Update Archive

 


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