U.S. Petroleum Weekly – December 2, 2010
(For The Week Ending November 26, 2010)
Crude oil stocks rose 1.0 million barrels; Gasoline stocks were up 0.6 million barrels; Distillate stocks were down 0.2 million barrels; Propane/propylene stocks fell 1.1 million barrels; Other oils stocks decreased 3.5 million barrels; Total crude oil and petroleum stocks were unchanged for the week.
Refinery utilization fell 2.9% to 82.6%.
Implied crude oil demand fell 0.5 million barrels.
Crude oil and petroleum product net imports fell 0.9 million barrels to 8.5 million barrels.
No other comment than that demand is week, stocks are high since the start of last recession and this is not changing or improving.
Chart 1. Crude Oil Futures
Chart 2. Crude Oil Futures Curve
Chart 3. Weekly Change in U.S. Crude Oil and Distillates Stocks
Chart 4. U.S. Crude Oil Implied Demand
Chart 5. U.S. Motor Gasoline Implied Demand
Chart 6. U.S. Distillate Fuel Implied Demand
Chart 7. U.S. Crude Oil Total Inventory
Chart 8. Motor Gasoline Total Inventory
Chart 9. Distillate Fuel Oil Total Inventory
Chart 10. U.S. Refinery Capacity, Inputs, and Production
Chart 11. Weekly U.S. Total Crude Oil and Petroleum Products Imports and Exports
