Summary of Weekly Petroleum Data for the Week Ending February 27, 2009
....U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased 0.7 million barrels from the previous week. At 350.6 million barrels, U.S. crude oil inventories are above the upper limit of the average range for this time of year. Total motor gasoline inventories increased by 0.2 million barrels last week, and are in the lower half of the average range. Finished gasoline inventories decreased last week while gasoline blending components inventories increased during this same time. Distillate fuel inventories increased by 1.7 million barrels, and are above the upper limit of the average range for this time of year. Propane/propylene inventories decreased last week by 1.1 million barrels and are above the upper limit of the average range. Total commercial petroleum inventories increased by 1.0 million barrels last week and are above the upper limit of average range for this time of year.
Total products supplied over the last four-week period has averaged 19.5 million barrels per day, down by 1.3 percent compared to the similar period last year. Over the last four weeks, motor gasoline demand has averaged 9.0 million barrels per day, up by 2.2 percent from the same period last year. Distillate fuel demand has averaged about 4.1 million barrels per day over the last four weeks, down by 4.5 percent from the same period last year. Jet fuel demand is 15.1 percent lower over the last four weeks compared to the same four-week period last year....
eia.doe.gov
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Ahead of the Bell: Analysts see crude supply jump
Associated Press, 03.04.09, 06:32 AM EST
....The Energy Department will likely report a 2.2 million-barrel jump in crude oil reserves on Thursday for the week ended Feb. 27, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.
Platts also expects gasoline stockpiles to slip by 600,000 barrels, distillate stocks to fall by 1.5 million barrels and refinery capacity to remain at 81.4 percent....
forbes.com |
