Wednesday, August 12, 2009

Weekly Crude Report - 10:45am

Full report here - more info comes out this afternoon, but this is the non formatted version. Summary of Weekly Petroleum Data for the Week Ending August 7, 2009 U.S. crude oil refinery inputs averaged about 14.4 million barrels per day during the week ending August 7, 69 thousand barrels per day below the previous week's average. Refineries operated at 83.5 percent of their operable capacity last week. Gasoline production decreased last week, averaging 8.9 million barrels per day. Distillate fuel production increased last week, averaging 3.8 million barrels per day. U.S. crude oil imports averaged 9.5 million barrels per day last week, up 243 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 9.5 million barrels per day, 642 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 nearly 1.0 million barrels per day. Distillate fuel imports averaged 162 thousand barrels per day last week. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.5 million barrels from the previous week. At 352.0 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 1.0 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 increased by 0.8 million barrels, and are above the upper boundary of the average range for this time of year. Propane/propylene inventories increased by 0.5 million barrels last week and are above the upper limit of the average range. Total commercial petroleum inventories increased by 1.1 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 3.0 percent compared to the similar period last year. Over the last four weeks, motor gasoline demand has averaged about 9.1 million barrels per day, unchanged from the same period last year. Distillate fuel demand has averaged 3.3 million barrels per day over the last four weeks, down by 9.4 percent from the same period last year. Jet fuel demand is 12.6 percent lower over the last four weeks compared to the same four-week period last year. The tables that follow display the latest U.S. Petroleum Balance Sheet and the most recent 4 weeks of Weekly Petroleum Status Report data. More at link - tables I cannot format correctly

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