2019-07-25 20:00:00
U.S. OIL INVENTORIES 445 MLN BBL
OGJ - US crude oil inventories for the week ended July 19, excluding the Strategic Petroleum Reserve, decreased 10.8 million bbl from the previous week, according to data from the US Energy Information Administration.
Separately, the American Petroleum Institute said its own estimates showed US crude inventories decreased 11 million bbl for the week.
At 445 million bbl, US crude oil inventories are 2% above the 5-year average for this time of year, the report indicated.
EIA said total motor gasoline inventories decreased by 200,000 bbl and are 2% above the 5-year range for this time of year. Finished gasoline inventories decreased while blending component inventories increased last week. Distillate fuel inventories increased by 600,000 bbl and are at the 5-year average for this time of year.
Propane-propylene inventories increased 1.6 million bbl last week and are about 6% above the 5-year average for this time of year, EIA said.
US refinery inputs averaged 17 million b/d for the week ended July 19, about 233,000 b/d less than the previous week's average. Refineries operated at 93.1% of capacity.
Gasoline production increased, averaging 10.1 million b/d. Distillate fuel production decreased, averaging 5.2 million b/d.
US crude oil imports averaged 7 million b/d, up 196,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 7.2 million b/d, 13.7% less than the same period last year. Total motor gasoline imports averaged 985,000 b/d. Distillate fuel imports averaged 105,000 b/d.
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Earlier:
2019, July, 20, 13:15:00
OIL DEMAND IS SLOWING
The International Energy Agency (IEA) doesn’t expect oil prices to rise significantly because demand is slowing and there is a glut in global crude markets, its executive director said on Friday.
2019, July, 20, 13:05:00
U.S. PRODUCTION: OIL + 49 TBD, GAS + 745 MCFD
U.S. EIA - Crude oil production from the major US onshore regions is forecast to increase 49,000 b/d month-over-month in July from 8,497 to 8,546 thousand barrels/day, gas production to increase 745 million cubic feet/day from 81,213 to 81,958 million cubic feet/day .
2019, July, 12, 08:10:00
GLOBAL OIL DEMAND GROWTH 2019-20: 1.14 MBD
In 2019, the global oil demand growth forecast remains at 1.14 mb/d, with expectations for global oil demand to reach 99.87 mb/d. In 2020, the initial forecast indicates growth of around 1.14 mb/d y-o-y, as global oil demand is anticipated to surpass the 100 mb/d threshold on an annual basis, to average 101.01 mb/d for the year.
2019, July, 10, 12:50:00
OIL PRICES 2019-20: $67 ANEW
The Energy Information Administration (EIA) forecasts Brent spot prices will average $67/b in the second half of 2019 and remain at that level in 2020. EIA expects West Texas Intermediate (WTI) crude oil prices will average $62/b in the second half of 2019 and $63/b in 2020.
2019, July, 4, 16:20:00
U.S. OIL INVENTORIES DOWN 1.1 MB TO 468.5 MB
US crude oil inventories for the week ended June 28, excluding the Strategic Petroleum Reserve, decreased by 1.1 million bbl from the previous week, according to data from the US Energy Information Administration.
