Wednesday, January 27, 2010

Weekly Crude Oil report - released 10:30 am

Full report here

Summary of Weekly Petroleum Data for the Week Ending January 22, 2010

U.S. crude oil refinery inputs averaged 13.6 million barrels per day during the 
week ending January 22, 200 thousand barrels per day below the previous week's 
average. Refineries operated at 78.5 percent of their operable capacity last 
week. Gasoline production increased last week, averaging 8.6 million barrels 
per day. Distillate fuel production increased last week, averaging 3.5 million 
barrels per day.

U.S. crude oil imports averaged 7.9 million barrels per day last week, down 673 
thousand barrels per day from the previous week. Over the last four weeks, 
crude oil imports have averaged 8.4 million barrels per day, 1.3 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 823 thousand barrels per day. Distillate fuel imports 
averaged 658 thousand barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic 
Petroleum Reserve) decreased by 3.9 million barrels from the previous week. At 
326.7 million barrels, U.S. crude oil inventories are just above the upper 
limit of the average range for this time of year. Total motor gasoline 
inventories increased by 2.0 million barrels last week, and are above the upper 
limit of the average range. Both finished gasoline inventories and blending 
components inventories increased last week. Distillate fuel inventories 
increased by 0.4 million barrels, and are above the upper boundary of the 
average range for this time of year. Propane/propylene inventories decreased 
by 4.3 million barrels last week and are below the lower limit of the average 
range. Total commercial petroleum inventories decreased by 5.7 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 18.8 
million barrels per day, down by 2.0 percent compared to the similar period 
last year. Over the last four weeks, motor gasoline demand has averaged 8.7 
million barrels per day, down by 0.8 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 8.1 percent from the same period last year. Jet fuel demand 
is 1.5 percent higher 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.  
Table 1.  U.S. Petroleum Balance Sheet, 4 Weeks Ending 01/22/2010
                                                                     Cumulative
                                    Four Week Averages             Daily Averages
Petroleum Supply                          Ending            %                        %
(Thousand Barrels per Day)           01/22/10  01/22/09    Change     2010    2009    Chg
------------------------------------------------------------------------------------
Crude Oil Supply
Domestic Production (1)                  5,457     5,199       5.0
Net Imports (Incl SPR) (2)               8,382     9,705     -13.6
   Gross Imports (Excl SPR)              8,414     9,744     -13.6
   SPR Imports                               0         0       --
   Exports                                  33        39     -15.4
SPR Stocks W/D or Added                    -18       -47       --
Other Stocks W/D or Added                  -24      -689       --
Product Supplied and Losses                  0         0       --
Unaccounted-for Crude Oil (3)               14         5       --

Crude Oil Input to Refineries           13,811    14,172      -2.5

Other Supply
Natural Gas Liquids Prod. (4)            2,066     1,794      15.2 Cumulative daily
Other Liquids New Supply                   774       710       9.0 averages will be shown
Crude Oil Product Supplied                   0         0       0.0 beginning with the week
Processing Gain                            939       958      -2.0 ending April 9, 2010,
Net Product Imports (5)                    923     1,418     -34.9 issue when Petroleum
   Gross Product Imports (5)             2,703     3,288     -17.8 Supply Monthly data for
   Product Exports (5)                   1,780     1,870      -4.8 January 2010 become
Prod Stocks W/D or Added (6)(7)            241        77       --  available.

Total Prod Supplied for Domestic Use    18,753    19,129      -2.0

Products Supplied
Finished Motor Gasoline (4)              8,676     8,749      -0.8
Kerosene-Type Jet Fuel                   1,388     1,367       1.5
Distillate Fuel Oil                      3,677     4,002      -8.1
Residual Fuel Oil                          490       713     -31.3
Propane/Propylene                        1,671     1,414      18.2
Other Oils (8)                           2,853     2,884      -1.1

Total Products Supplied                 18,753    19,129      -2.0

Total Net Imports                        9,304    11,123     -16.4
------------------------------------------------------------------------------------
Petroleum Stocks                                                           % Chg fr
(Million Barrels)                    01/22/10  01/15/10  01/22/09      Prev Week   Yr Ago
------------------------------------------------------------------------------------
Crude Oil (Excluding SPR) (9)            326.7     330.6     344.2            -1.2    -5.1
Total Motor Gasoline                     229.4     227.4     216.4             0.9     6.0
   Reformulated                            0.6       0.6       0.8             0.0   -25.0
   Conventional                           83.9      83.5      95.5             0.5   -12.1
   Blending Components                   145.0     143.3     120.0             1.2    20.8
Kerosene-Type Jet Fuel                    43.7      43.7      39.7             0.0    10.1
Distillate Fuel Oil (7)                  157.5     157.1     144.3             0.3     9.1
   15 ppm sulfur and Under               100.1      98.8      85.2             1.3    17.5
   > 15 ppm to 500 ppm sulfur             16.2      17.5      20.2            -7.4   -19.8
   > 500 ppm sulfur                       41.2      40.9      38.9             0.7     5.9
Residual Fuel Oil                         37.8      38.8      35.6            -2.6     6.2
Propane/Propylene                         36.8      41.1      48.7           -10.5   -24.4
Unfinished Oils                           80.2      78.8      86.7             1.8    -7.5
Other Oils (10)                          133.2     133.4     135.4            -0.1    -1.6

Total Stocks (Excl SPR) (7)            1,045.3   1,051.0   1,051.0            -0.5    -0.5
Crude Oil in SPR                         726.6     726.6     703.2             0.0     3.3
Total Stocks (Incl SPR) (7)            1,771.9   1,777.6   1,754.1            -0.3     1.0

  1 Includes lease condensate.
  2 Net Imports = Gross Imports (line 3) + Strategic Petroleum Reserve (SPR)
    Imports (line 4) - Exports (line 5).
  3 Unaccounted-for Crude Oil is a balancing item. See Glossary for further
    explanation.
  4 Includes adjustments for fuel ethanol and motor gasoline blending components.
  5 Includes finished petroleum products, unfinished oils, gasoline blending
    components, and natural gas plant liquids.
  6 Includes an estimate of minor product stock change based on monthly data.
  7 Distillate fuel oil stocks located in the "Northeast Heating Oil Reserve" are
    not included. For details see Appendix B.
  8 Includes crude oil product supplied, natural gas liquids, liquefied
    refinery gases (LRGs), other liquids, and all finished petroleum products
    except motor gasoline, kerosene-type jet fuel, distillate, residual fuel oils,
    and propane/propylene.
  9 Includes domestic and Customs-cleared foreign crude oil in transit to
    refineries.
 10 Included are stocks of all other oils such as aviation gasoline, kerosene,
    natural gas liquids and LRGs (except propane/propylene), other
    hydrocarbons and oxygenates, aviation gasoline blending components, naphtha and
    other oils for petrochemical feedstock use, special naphthas, lube oils, waxes,
    coke, asphalt, naphtha-type jet fuel, road oil, and miscellaneous oils.
  Notes: Some data are estimated.  See Sources for clarification of estimated data.
  Due to independent rounding, individual product detail may not add to total.
  Percentages are calculated using rounded numbers.
Sources: (the complete url below appears on two lines)
http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/weekly_petroleum_
status_report/current/pdf/sources.pdf



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