U.S. Energy Information Administration Archives - Page 2 of 2

Commercial Crude Oil Inventories Decreased by 4.3 Million Barrels

Below are the key takeaways from the weekly report published by the U.S. Energy Information Administration.

U.S. crude oil refinery inputs averaged 17.6 million barrels per day during the week ending August 31, 2018.
Gasoline production decreased last week, averaging 10.2 million barrels per day.
Distillate fuel production increased last week, averaging 5.4 million barrels per day.
U.S. crude oil imports averaged 7.7 million barrels per day last week, up by 229,000 barrels per day from the previous week.
Commercial crude oil inventories decreased by 4.3 million barrels from the previous week.
Total products supplied over the last four-week period averaged 21.4 million barrels per day, up by 3.0% from the same period last year.

U.S. crude stockpiles soar unexpectedly despite record refinery runs- EIA 15 August 2018

EIA: U.S. Crude Oil Stockpiles Rise Unexpectedly in Week

U.S. crude stocks rose unexpectedly last week, while gasoline stocks decreased and distillate inventories grew, the Energy Information Administration said on Wednesday.

Crude inventories rose by 6.8 million barrels in the last week, compared with analysts’ expectations for an decrease of 2.5 million barrels. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.64 million barrels, EIA said. Refinery crude runs rose by 383,000 barrels per day, EIA data showed.

Refinery utilization rates rose by 1.5 percentage points to 98.1 percent, the highest since 1999. The build in crude stockpiles added to downward pressure on crude futures, which had dropped $1 a barrel prior to the report. U.S. crude futures extended losses to more than $2 after the data and was last trading at $64.85.

Gasoline stocks fell by 740,000 barrels, compared with analysts’ expectations in a Reuters poll for a 583,000-barrel drop.

Distillate stockpiles, which include diesel and heating oil, rose by 3.6 million barrels, versus expectations for a 1 million-barrel increase, the EIA data showed.

Source: Reuters

Crude Inventory Data Shows Surprise Build of 5.8M Barrels-2018-05-23

EIA: Crude Inventory Data Shows Surprise Build of 5.8M Barrels

U.S. crude oil refinery inputs averaged over 16.6 million barrels per day during the week ending May 18, 2018, 7,000 barrels per day less than the previous week’s average. Refineries operated at 91.8% of their operable capacity last week. Gasoline production increased last week, averaging over 10.0 million barrels per day. Distillate fuel production decreased last week, averaging over 4.9 million barrels per day.

U.S. crude oil imports averaged about 8.2 million barrels per day last week, up by 558 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports averaged over 7.9 million barrels per day, 3.5% less than the same four-week period last year.

Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 1,063,000 barrels per day. Distillate fuel imports averaged 24,000 barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.8 million barrels from the previous week. At 438.1 million barrels, U.S. crude oil inventories are in the lower half of the average range for this time of year.

Total motor gasoline inventories increased by 1.9 million barrels last week, and are in the upper half of the average range. Finished gasoline and blending components inventories increased last week.

Distillate fuel inventories decreased by 1.0 million barrels last week and are in the lower half of the average range for this time of year.

Propane/propylene inventories increased by 0.7 million barrels last week, and are in the lower half of the average range. Total commercial petroleum inventories increased by 6.7 million barrels last week.

Source: StreetInsider

Oil prices pare losses with U.S. supplies down a second week in a row, May 16, 2018

EIA: U.S. Crude Supplies Declined for a Second Week in a Row

The U.S. Energy Information Administration reported Wednesday that crude supplies declined by 1.4 million barrels for the week ended May 11.

Analysts surveyed by S&P Global Platts had forecast a decline of 2.3 million barrels, but the American Petroleum Institute on Tuesday reported a rise of nearly 4.9 million barrels, according to sources.

Gasoline stockpiles fell by 3.8 million barrels for the week, while distillate stockpiles inched down by 100,000 barrels, according to the EIA.

The S&P Global Platts survey forecast supply declines 2 million barrels for gasoline and 1.3 million barrels for distillates. June crude CLM8, +0.07% was down 31 cents, or 0.4%, to $71 a barrel on the New York Mercantile Exchange, up from $70.73

Crude Inventory Data Shows Surprise 2.2M Barrel Draw

Summary of Weekly Petroleum Data for the Week Ending May 4, 2018

U.S. crude oil refinery inputs averaged about 16.5 million barrels per day during the week ending May 4, 2018, 75,000 barrels per day less than the previous week’s average.

Refineries operated at 90.4% of their operable capacity last week. Gasoline production decreased last week, averaging over 9.9 million barrels per day. Distillate fuel production remained virtually unchanged last week, averaging 5.0 million barrels per day.

U.S. crude oil imports averaged over 7.3 million barrels per day last week, down by 1,226 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports averaged about 8.1 million barrels per day, 1.0% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 803,000 barrels per day. Distillate fuel imports averaged 128,000 barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.2 million barrels from the previous week. At 433.8 million barrels, U.S. crude oil inventories are in the lower half of the average range for this time of year. Total motor gasoline inventories decreased by 2.2 million barrels last week, and are in the upper half of the average range. Both finished gasoline inventories and blending components inventories decreased last week. Distillate fuel inventories decreased by 3.8 million barrels last week and are in the lower half of the average range for this time of year.

Propane/propylene inventories increased by 2.3 million barrels last week, and are in the lower half of the average range. Total commercial petroleum inventories decreased by 1.5 million barrels last week.

Total products supplied over the last four-week period averaged about 20.3 million barrels per day, up by 2.7% from the same period last year. Over the last four weeks, motor gasoline product supplied averaged about 9.5 million barrels per day, up by 2.2% from the same period last year.

Distillate fuel product supplied averaged over 4.2 million barrels per day over the last four weeks, up by 4.1% from the same period last year. Jet fuel product supplied is down 1.5% compared to the same four-week period last year.

Information Source: U.S. Energy Information Administration

Weekly Crude Data Shows Build of 2.2 Million Barrels

U.S. crude oil refinery inputs averaged over 16.6 million barrels per day during the week ending April 20, 2018, 328,000 barrels per day less than the previous week’s average. Refineries operated at 90.8% of their operable capacity last week.

Gasoline production decreased last week, averaging 9.9 million barrels per day. Distillate fuel production decreased last week, averaging 5.0 million barrels per day.

U.S. crude oil imports averaged about 8.5 million barrels per day last week, up by 539,000 barrels per day from the previous week.

Over the last four weeks, crude oil imports averaged over 8.2 million barrels per day, 1.5% more than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 896,000 barrels per day. Distillate fuel imports averaged 123,000 barrels per day last week.

Source

EIA: US Crude Stocks Drop as Refineries Boost Output

U.S. crude stocks fell last week as refineries hiked output, while gasoline stocks decreased and distillate inventories rose, the Energy Information Administration said on Wednesday.

Crude inventories fell by 4.6 million barrels in the last week, compared with analysts’ expectations for an increase of 246,000 barrels. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 3.7 million barrels, EIA said.

Refinery crude runs rose by 141,000 barrels per day, EIA data showed. Refinery utilization rates rose by 0.7 percentage points.

Gasoline stocks fell by 1.1 million barrels, compared with analysts’ expectations in a Reuters poll for a 1.3 million barrels drop.

Oil prices extend earlier gains as weekly U.S. crude supplies suddenly decline

Oil prices extended earlier gains on Wednesday after the U.S. Energy Information Administration said crude supplies fell by 2.6 million barrels for the week ended March 16.

Analysts surveyed by S&P Global Platts had forecast a climb of 2.6 million barrels, while the American Petroleum Institute on Tuesday reported a decline of 2.7 million barrels, according to sources. Gasoline stockpiles fell by 1.7 million barrels for the week, while distillate stockpiles decreased by 2 million barrels, according to the EIA.

The S&P Global Platts survey forecast supply declines of 1.8 million barrels each for gasoline and distillates. May crude CLK8, +0.29% rose $1.01, or 1.6%, to $64.55 a barrel on the New York Mercantile Exchange, up from $64.23 before the supply data.

Domestic crude supplies dropped by 6.3 million barrels

Oil prices rallied Thursday, extending earlier gains after data from the U.S. Energy Information Administration showed that domestic crude supplies dropped by 6.3 million barrels for the week ended June 30. That topped forecasts for a decline of 1.6 million barrels by analysts surveyed by S&P Global Platts, and also came in above the fall of 5.8 barrels reported by the American Petroleum Institute late Wednesday. Supply data were released a day late because of Tuesday’s Independence Day holiday. Gasoline stockpiles also fell by 3.7 million barrels, while distillate stockpiles decreased by 1.9 million barrels last week,

Domestic crude-oil supplies rose by 5 million barrels

The U.S. Energy Information Administration on Wednesday reported that domestic crude-oil supplies rose by 5 million barrels for the week ended March 17.

That marked the tenth increase in 11 weeks. The American Petroleum Institute late Tuesday reported a 4.5 million-barrel climb, according to sources, while analysts polled by S&P Global Platts forecast a rise of 2 million barrels.

Gasoline supplies fell by 2.8 million barrels, while distillate stockpiles declined by 1.9 million barrels last week, according to the EIA. May crude CLK7, -1.14% lost 95 cents, or 2%, to $47.29 a barrel on the New York Mercantile Exchange.