Wednesday, August 5, 2009

Crude oil and distillates report - 10:45AM

Full report here Summary of Weekly Petroleum Data for the Week Ending July 31, 2009 U.S. crude oil refinery inputs averaged 14.4 million barrels per day during the week ending July 31, 174 thousand barrels per day below the previous week's average. Refineries operated at 84.5 percent of their operable capacity last week. Gasoline production increased last week, averaging 9.1 million barrels per day. Distillate fuel production decreased last week, averaging about 3.8 million barrels per day. U.S. crude oil imports averaged 9.3 million barrels per day last week, down 737 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 9.5 million barrels per day, 590 thousand 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 1.0 million barrels per day. Distillate fuel imports averaged 141 thousand barrels per day last week. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.7 million barrels from the previous week. At 349.5 million barrels, U.S. crude oil inventories are above the upper boundary of the average range for this time of year. Total motor gasoline inventories decreased by 0.2 million barrels last week, and are in the upper half of the average range. Both finished gasoline inventories and gasoline blending components decreased last week. Distillate fuel inventories decreased by 1.1 million barrels, and are above the upper boundary of the average range for this time of year. Propane/propylene inventories increased by 0.6 million barrels last week and are above the upper limit of the average range. Total commercial petroleum inventories decreased by 2.7 million barrels last week, and 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 18.9 million barrels per day, down by 3.1 percent compared to the similar period last year. Over the last four weeks, motor gasoline demand has averaged about 9.2 million barrels per day, up by 0.5 percent from the same period last year. Distillate fuel demand has averaged about 3.4 million barrels per day over the last four weeks, down by 7.9 percent from the same period last year. Jet fuel demand is 11.9 percent lower over the last four weeks compared to the same four-week period last year. More at link - more data I cannot format. There will be a much better formatted report out around 1:00 this afternoon. Go to link to see full report as formatted by the EIA.

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