2019-08-16 10:20:00
U.S. OIL INVENTORIES 440.5 MLN BBL
OGJ - US crude oil inventories for the week ended Aug. 9, excluding the Strategic Petroleum Reserve, increased by 1.6 million bbl from the previous week, according to data from the US Energy Information Administration.
At 440.5 million bbl, US crude oil inventories are 3% above the 5-year average for this time of year, the report indicated.
Separately, the American Petroleum Institute said its own estimates showed US crude inventories increased 3.7 million bbl for the week.
EIA said total motor gasoline inventories decreased by 1.4 million bbl and are 4% above the 5-year range for this time of year. Finished gasoline inventories and blending component inventories both decreased last week. Distillate fuel inventories decreased by 1.9 million bbl and are about 3% below the 5-year average for this time of year.
Propane-propylene inventories increased by 3.2 million bbl last week and are about 9% above the 5-year average for this time of year, EIA said.
US refinery inputs averaged 17.3 million b/d for the week ended Aug. 9, about 475,000 b/d less than the previous week’s average. Refineries operated at 94.8% of capacity.
Gasoline production decreased, averaging 10.2 million b/d. Distillate fuel production decreased, averaging 5.1 million b/d.
US crude oil imports averaged 7.7 million b/d, up by 566,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 7.1 million b/d, 12% less than the same period last year. Total motor gasoline imports averaged 805,000 b/d. Distillate fuel imports averaged 126,000 b/d.
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Earlier:
2019, August, 13, 13:25:00
U.S. PRODUCTION: OIL + 85 TBD, GAS + 729 MCFD
U.S. EIA - Crude oil production from the major US onshore regions is forecast to increase 85,000 b/d month-over-month in August from 8,683 to 8,768 thousand barrels/day, gas production to increase 729 million cubic feet/day from 80,866 to 81,595 million cubic feet/day .
2019, July, 25, 20:00:00
U.S. OIL INVENTORIES 445 MLN BBL
At 445 million bbl, US crude oil inventories are 2% above the 5-year average for this time of year,
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.
