EIA account address shows ammunition account increases; abridgement in refinery production

EIA account address shows ammunition account increases; abridgement in refinery production

The Energy Advice Administration appear its account address on the cachet of petroleum inventories in the United States today.

Here are some highlights:

CRUDE INVENTORIES:

Crude oil inventories added by 2.6 actor barrels to a absolute of 371.7 actor barrels. At 371.7 actor barrels, inventories are 32.3 actor barrels aloft aftermost year (3.1%) and are aloft the high absolute of the boilerplate range.

GASOLINE INVENTORIES:

Gasoline inventories added by 1.7 actor barrels to 234.0 actor barrels. At 234 actor barrels, inventories are up 2.3 actor barrels, or 1% college than aftermost year. Here's how alone regions and their gasoline account fared aftermost week: East Coast (+2.9mb); Midwest (-0.2mb); Gulf Coast (-1.6mb); Rockies (no change); and West Coast (+0.3mb). It is important to agenda which regions saw increases/decreases as this advice acceptable drives prices up (in the case of falling inventories), or bottomward (in the case of ascent inventories).

DISTILLATE (diesel, heating oil) INVENTORIES:

Distillate inventories decreased by 1 actor barrels to a absolute of 129.6 actor barrels. At 129.6 actor barrels, inventories are now 11.6% lower than a year ago. Absolute alcohol inventories angle 17 actor barrels lower than their year ago level.

IMPLIED DEMAND:

Products supplied to end users amounted to 18 actor barrels per day, or 629,000 barrels per day beneath than the antecedent week. Compared to the aforementioned aeon aftermost year, artefact supplied was about 434,000 barrels higher.

REFINERY OUTPUT/UTILIZATION:

Refinery appliance decreased to 84.2%, bottomward 0.8% vs. aftermost week's numbers. Gasoline assembly decreased aftermost anniversary averaging 8.8 actor barrels per day while alcohol ammunition assembly increased, averaging aloof beneath 4.5 actor barrels per day.

Utilization ante for the aftermost anniversary were as follows: East Coast: 82.1%, Midwest: 88.5%, Gulf Coast: 85.3%, Rocky Mountain: 91.0%, West Coast: 75.3%. These percentages appearance how abundant of a region's all-embracing accommodation were acclimated to clarify oil. It is important to agenda these percentages, because the lower the appliance percent, the lower output, which has a absolute appulse on bounded gasoline prices. If refiners in your arena accept low output, your added acceptable to see prices rise.

OVERALL SUPPLY:

Total oil stocks in the United States are up by 0.1 actor barrels over aftermost year and angle at 1.103 billion barrels (excluding the Strategic Petroleum Reserve).

IMPORTS/EXPORTS:

The U.S. alien 7.5 actor barrels of awkward oil per day aftermost week, bottomward by up by 0.5 mb vs. the antecedent week. Absolute motor gasoline imports aftermost anniversary averaged 693,000bpd. The U.S. additionally alien 86,000bpd of alcohol fuels. However, during the aforementioned time frame, the U.S. exported 484,000bpd of gasoline and 1.08mbpd of distillates. In total, U.S. refineries exported 3.1 actor barrels per day of oil and products.

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