U.S. Petroleum Weekly – May 20, 2010

May 20th, 2010 by Belisarius

Belisarius is kind of tied up with his day job in the last few days, so my posting is not as timely as usual.

Crude oil stocks and derivatives stocks were mostly unchanged for the week ending May 14.

Refinery utilization fell from88.4% to 87.9%.

Crude oil and petroleum product net imports were fell to 10.3 million barrels. All categories of petroleum stocks are still at extremely elevated levels.

So, the game is on. How low can it go?

Chart 1. Crude Oil Futures

Source: Bloomberg

Chart 2. Crude Oil Futures Curve

Source: Bloomberg

Chart 3. Weekly Change in U.S. Crude Oil and Distillates Stocks

Source: EIA

Chart 4. Crude Oil, Gasoline and Distillate Fuel Implied Demand

Source: DOE

Chart 5. U.S. Total Crude Oil, Gasoline and Distillate Ending Stocks

Source: EIA

Chart 6. U.S. Refinery Capacity, Inputs, and Production

Source: EIA

Chart 7. Weekly U.S. Total Crude Oil and Petroleum Products Imports and Exports

Source: EIA


This entry was posted on Thursday, May 20th, 2010 at 8:57 am and is filed under Commodities, 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.

One Response to “U.S. Petroleum Weekly – May 20, 2010”

  1. Crude Oil Prices Per Barrel Says:
    May 26th, 2010 at 4:35 pm

    Oil future Chart: Learning Through History…

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