Wednesday, December 30, 2009

Crude oil report - 10:30

Full report here with formatted tables. Summary of Weekly Petroleum Data for the Week Ending December 25, 2009 U.S. crude oil refinery inputs averaged 13.9 million barrels per day during the week ending December 25, 102 thousand barrels per day above the previous week's average. Refineries operated at 80.3 percent of their operable capacity last week. Gasoline production increased last week, averaging 9.0 million barrels per day. Distillate fuel production decreased last week, averaging 3.7 million barrels per day. U.S. crude oil imports averaged 8.0 million barrels per day last week, up 320 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 7.9 million barrels per day, 1.6 million barrels per day below the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 753 thousand barrels per day. Distillate fuel imports averaged 237 thousand barrels per day last week. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.5 million barrels from the previous week. At 326.0 million barrels, U.S. crude oil inventories are near the upper limit of the average range for this time of year. Total motor gasoline inventories decreased by 0.3 million barrels last week, and are above the upper limit of the average range. Both finished gasoline inventories and blending components inventories decreased last week. Distillate fuel inventories decreased by 2.0 million barrels, and are above the upper boundary of the average range for this time of year. Propane/propylene inventories decreased by 1.5 million barrels last week and are below the lower limit of the average range. Total commercial petroleum inventories decreased by 8.1 million barrels last week, but are above the upper limit of the average range for this time of year. Total products supplied over the last four-week period has averaged 19.1 million barrels per day, down by 0.2 percent compared to the similar period last year. Over the last four weeks, motor gasoline demand has averaged 9.0 million barrels per day, up by 1.1 percent from the same period last year. Distillate fuel demand has averaged 3.7 million barrels per day over the last four weeks, down by 2.8 percent from the same period last year. Jet fuel demand is 3.7 percent higher over the last four weeks compared to the same four-week period last year.

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