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2016-05-05 19:05:00

U.S. OIL INVENTORIES UP 2.8 MBL

U.S. OIL INVENTORIES UP 2.8 MBL

US commercial crude oil inventories, excluding the Strategic Petroleum Reserve, increased 2.8 million bbl for the week ended Apr. 29 compared with the previous week. The US Energy Information Administration estimated a total of 543.4 million bbl, which is historically high for this time of year.

Total motor gasoline inventories increased 500,000 bbl for the week ended Apr. 29, which EIA called well above the upper limit of the average range. Both finished gasoline inventories and blending components inventories increased last week, the Petroleum Status Report said.

Distillate fuel inventories decreased by 1.3 million bbl, but supplies remain well above the upper limit of the average range for this time of year. Propane-propylene inventories rose 700,000 bbl and are above the upper limit of the average range.

US refinery inputs averaged 16 million b/d during the week ended Apr. 29, which was 139,000 b/d more than the previous week's average. Refineries operated at 89.7% of capacity last week. Gasoline production increased, averaging more than 9.8 million b/d. Distillate fuel production decreased, averaging 4.6 million b/d.

Crude oil imports averaged about 7.7 million b/d for the week ended Apr. 29, up by 110,000 b/d from the previous week. Over the last 4 weeks, oil imports averaged more than 7.8 million b/d, which EIA said was 8.4% above the same 4-week period last year.

Total motor gasoline imports, including both finished gasoline and gasoline blending components, averaged 946,000 b/d. Distillate fuel imports averaged 126,000 b/d.

ogj.com

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Earlier: 

U.S. RIGS DOWN 11 

U.S. LNG EXPANDING 

U.S. OIL PRODUCTION DOWN 

U.S. LOSSES $67 BLN 

U.S. M&A DOWN 19% 

U.S. PRODUCTION DOWN 

U.S. LOSSES 

U.S. OIL DOWN 114,000

 

 

Tags: USA, OIL, INVENTORIES

Chronicle:

U.S. OIL INVENTORIES UP 2.8 MBL
September, 22, 08:50:00

RUSSIA - KURDISTAN INVESTMENT

Instead, with the planned referendum just days away, Russian state oil giant Rosneft announced its latest investment last week, to help Iraqi Kurdistan develop its natural gas industry, for domestic supplies and eventual export.

U.S. OIL INVENTORIES UP 2.8 MBL
September, 22, 08:45:00

IRAN'S GAS EXPORT: ABOVE 5 BCM

Iran exported over 5 billion cubic meters (bcm) of natural gas during the first five months of the current Iranian calendar year (March 21-August 22), Dispatching director of National Iranian Gas Company (NIGC) announced.

U.S. OIL INVENTORIES UP 2.8 MBL
September, 22, 08:40:00

IRAQI OIL TO U.S.

Gazprom Neft has shipped its second and largest cargo of Iraqi crude to the US since the Badra field, its flagship overseas oil project, came on stream in 2014, the Russian oil company said Tuesday.

U.S. OIL INVENTORIES UP 2.8 MBL
September, 22, 08:35:00

QATAR - TURKEY LNG

Qatargas has agreed to sell 1.5 million tpy of LNG to Turkey’s BOTAŞ Petroleum Pipeline Corporation (BOTAŞ) over a period of three years

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