Showing posts with label Expected. Show all posts
Showing posts with label Expected. Show all posts
Thursday, October 3, 2013
Saturday, March 23, 2013
Crude Inventory Increased Less Than Expected
ONG Focus | Insights | Written by Oil N' Gold | Wed Feb 27 13 12:02 ET
The DOE/EIA reported that total crude oil and petroleum products stocks declined -5.90 mmb to 1088.80 mmb in the week ended February 22. Crude stockpile increased +1.13 mmb to 377.52 mmb as inventory soared in 3 out of 5 PADDs. Cushing stock fell -0.08 mmb to 50.58 mmb. Utilization rate was up +2.20% to 85.1%.
Gasoline inventory dipped -1.86 mmb to 228.50 mmb as demand climbed +1.90% to 8.60M bpd. Production added +3.08% to 9.21M bpd while imports climbed +13.86% to 0.58M bpd. Distillate inventory added +0.56 mmb to 124.18 mmb as demand fell 8.04% to 3.50M bpd. Imports dipped -46.94 to 0.16M bpd while production added 4.96% to 4.48M bpd during the week.
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