DOE CRUDE STATS | May 13, 2009

Wish fulfillment â?? US Inventory Data reinforce recent bullish market sentiment

DOE CRUDE STATS + Wish fulfillment – US Inventory Data reinforce recent bullish market sentiment + -Crude Oil: Total stocks drew 4.629m bbls, vs. market consensus of a 1 m bbl build and a mirror image of yesterday’s API data. PADD II stocks drew 1.311m bbls, with Cushing down 933m bbls. -Gasoline: Inventories drew 4.154m bbls, vs. market consensus of a modest 167k bbl draw and with stocks down everywhere but PADD IV -Distillate: Stocks continued to build by 1.25m bbls, and .....

DOE CRUDE STATS | May 06, 2009

Supportive crude stocks offset by weak demand

DOE CRUDE STATS The most supportive stock numbers in weeks are offset by incredibly weak demand data. US Crude: +605k (Bloomberg median +2500k) US Gasoline: -167k (vs. +550k Bloomberg median) US Distillate: +2428k (vs. +900k Bloomberg median) Refinery utilization: +2.65% (vs +0.25% Bloomberg median) Cushing crude: +56k Total US crude stocks disappointed expectations, building by just 605 kbbl last week (vs. expectations of 2500k). However, PADD V (West Coast) stocks grew by 2.3 .....

DOE CRUDE STATS | April 29, 2009

Another week of crude builds and refinery margin management

Mid week DOE/EIA statistics show another large unanticipated crude build (+4.053m bbls) accompanied by a huge drop of gasoline inventories (4.685m bbls), reflecting refiner margin maintenance across the countrry.

DOE CRUDE STATS | April 22, 2009

Another bearish week

DOE CRUDE STATS DOE Stats: Another bearish inventory build, combined with huge counter-seasonal product builds and still-faltering demand indicate the market turning point will come late in Q2 at earliest. Crude: +3857k bbls, all East of Rockies, vs. expected +2500k and vs. last year (+2421); SPR stocks grew by another 1.2m bbls. Cushing +309k bbls, first increase since mid March but still above any similar period in the past. Gasoline: + 802k bbls, vs. expected (-700k bbls) and 4......