DOE CRUDE STATS
| January 20, 2011
Gasoline yields bounce back
Gasoline yields bounce back This week’s stats present a mixed bag for WTI . The headline Cushing draw should help alleviate some concern of a storage buildup ahead of the PADD II maintenance season. But this week’s imports into the region touched 1.47 mb/d – despite lost production from CNR’s Horizon Oil Sands project – which should stoke fears that the buildup of crude inventories in Canada is working its way down into the region. Meanwhile, the EIA issued yet another set of relatively w.....
DOE CRUDE STATS
| January 12, 2011
Mogas, mo problems
DOE CRUDE STATS Mogas, mo problems The first week of 2011 opened the year with some tepid apparent demand estimates along with a sizeable gasoline inventory build that again casts doubts on the very strong gasoline demand estimates that closed out 2010. Total product supplied (apparent demand) dropped 100 kb/d w-o-w to 19 mb/d, largely due to a 170 kb/d decline in distillate demand. This week’s severe winter weather snarled travel yet again, so the string of weak demand data is likely to.....
DOE CRUDE STATS
| January 05, 2011
A Wintry Mix
DOE CRUDE STATS A wintry mix The winter blast to close out 2010 left its mark on the petroleum complex during the week. As expected, apparent demand (product supplied) for all transportation fuels plunged as the blizzard tied up air and ground travel across the northeast for several days. Apparent gasoline demand dropped 0.55 mb/d from its recent heights to 8.85 mb/d while distillate demand fell 0.26 mb/d to 3.74 mb/d. Given the weather disruption, it’s hard to read much into the apparen.....
DOE CRUDE STATS
| December 30, 2010
Is the gasoline demand surge real?
DOE CRUDE STATS Is the gasoline demand surge real? Apparent gasoline demand (product supplied) has registered an impressive four weeks. Demand gained 190 kb/d on the week, reaching 9.4 mb/d – a level roughly on par with mid-August. But even though refiners dialed back gasoline output by 176 kb/d, four-week average gasoline production has reached 9.37 mb/d. This represents the highest gasoline output in US history apart from the record levels established this summer. Major data points: .....
DOE CRUDE STATS
| December 22, 2010
December 22, 2010
DOE CRUDE STATS 12/17/10 12/10/10 w.o.w. Bloomberg Median US crude inventories 340.7 346 (5.33) (3.40) Cushing crude inventories 36.4 35.9 0.48 US gasoline inventories 217.2 214.8 2.4 1.50 US distillate inventories 160.7 161.3 (0.6) 0.00 US refinery input 14,926 14,974 (48) US crude imports 8,741 7,690 1051 Please see attached PDF file for detailed stats and charts. There will be no commentary today.
DOE CRUDE STATS
| December 15, 2010
December 15, 2010
DOE CRUDE STATS 12/10/10 12/03/10 w.o.w. Bloomberg Median US crude inventories 346 355.9 (9.85) (2.50) Cushing crude inventories 35.9 34.9 0.98 US gasoline inventories 214.8 214 0.80 2.00 US distillate inventories 161.3 160.2 1.10 0.00 US refinery input 14,974 14,903 71 US crude imports 7,690 9,053 (1363) Please see attached PDF file for detailed stats and charts. There will be no commentary today.
DOE CRUDE STATS
| December 08, 2010
Rapid response
DOE CRUDE STATS Rapid response Refiners demonstrated how readily they can respond to stronger margins. When the Jan NYMEX RBOB crack topped out at $10.92/bbl on Dec 2, it had risen 143% in a month. The crack jumped 57% during that week alone as the heat crack rose just 4%. Refiners took advantage of the opportunity, increasing runs by 789 kb/d to 14.9 mb/d, the highest point since mid-Sep, leading to big principal product inventory builds even though total commercial petroleum stocks.....
DOE CRUDE STATS
| December 01, 2010
Refiner pullback
DOE CRUDE STATS Refiner pullback US apparent demand (product supplied) dropped 340 kb/d with apparent principal product demand down 420 kb/d on the week. Four-week average apparent demand is registering 440 kb/d yoy growth, but the only product classes exhibiting significant growth are distillate (+320 kb/d) and other oils (+650 kb/d). Even distillate marked a weak data point, with apparent demand down 140 kb/d this week to its lowest level since mid-August. Although inventories mostly.....
DOE CRUDE STATS
| November 24, 2010
PADD II imports coming back
DOE CRUDE STATS PADD II imports coming back Total US apparent demand (product supplied) was essentially unchanged on the week at 18.8 mb/d, but apparent gasoline demand fell 120 kb/d to 8.83 mb/d. Four-week average gasoline demand is a shade below 9 mb/d and roughly flat with year-ago levels. Apparent distillate demand was little changed on the week at 3.8 mb/d, but four-week average demand is running 430 kb/d above year-ago levels. Major data points: • Crude oil inventories: Buil.....
DOE CRUDE STATS
| November 17, 2010
Distillate deflates
DOE CRUDE STATS Distillate deflates Apparent distillate demand (product supplied) took a big hit, dropping 610 kb/d on the week to 3.78 mb/d, practically giving up the past four weeks’ gains. The falloff was likely the result of lower exports after shipments abroad inflated apparent demand numbers in the wake of France’s extended disruption last month. Nonetheless, four-week average distillate demand is still running 500 kb/d (+13.9%) above year-ago levels. Apparent gasoline demand fell .....