U.S. Petroleum Weekly – 30 December 2009

Crude oil stocks fell 1.5 million barrels for week ending 25 December; Gasoline stocks decreased 0.4 million barrels; Distillate stocks fell 2.1 million barrels; Propane/propylene stocks fell 1.5 million barrels; Other oils were down 2 million barrels; Total crude oil and petroleum stocks decreased 8.1 million barrels.

Refinery utilization remained mostly unchanged at 80.3 %.

Crude oil and petroleum product net imports are still at the lowest level in a decade. All categories of petroleum stocks are still at elevated levels.

A disappointing report from my point of view, looks like stocks are decreasing at lower rates.

Chart 1. Crude Oil Futures

Source: StockCharts.com

Chart 2. Change in U.S. Crude Oil and Distillates Stocks

Source: EIA

Chart 3. U.S. Total Crude Oil, Gasoline and Distillate Ending Stocks

Source: EIA

Chart 4. U.S. Refinery Capacity, Inputs, and Production

Source: EIA

Chart 5. Weekly U.S. Total Crude Oil and Petroleum Products Imports and Exports

Source: EIA

This entry was posted on Wednesday, December 30th, 2009 at 12:37 pm and is filed under U.S. Petroleum Weekly. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.


Get Adobe Flash player