U.S. Petroleum Weekly – December 16, 2010

(For The Week Ending December 10, 2010)

Crude oil stocks fell 9.9 million barrels; Gasoline stocks were up 0.8 million barrels; Distillate stocks rose 1.1 million barrels; Propane/propylene stocks fell 1.9 million barrels; Other oils stocks decreased 3.8 million barrels; Total crude oil and petroleum stocks were 15.6 million barrels lower for the week.

Refinery utilization rose 0.5% to 88.0%.

Implied crude oil demand fell 0.5 million barrels.

Crude oil and petroleum product net imports fell 1.8 million barrels to 7.8 million barrels. Lowest level in more than 10 years.

Impressive and record stockpile draw; No prof of increased demand; Looks like oil traders move crude oil around the globe.

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

This entry was posted on Thursday, December 16th, 2010 at 7:23 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.

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