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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Greg Butcher who wrote (25302)7/8/1998 10:58:00 AM
From: diana g  Read Replies (2) of 95453
 
Earlybird Report
Date:
Wed, 08 Jul 1998 07:28:31 -0700
From:
George <gclemen@calweb.com>
Organization:
NOESIS
To:
UPDATE NOESIS <update@oil-gasoline.com>

EIA data released today shows that U.S. refineries
slowed down refining rates during the week ending July
3. Crude oil inputs dropped in all 5 regions.
Gasoline production dropped and imports of gasoline
dropped to below 500 thousand gallons per day, all a
clear indication that by the July 4 weekend, the U.S.
had too much gasoline on hand.

Crude oil inventories decreased from 341 to 340.4
million barrels, primarily due to a 3 million bpd drop
in imports of crude oil. This drop is probably just a
matter of delivery timing, and not necessarily an
indication of a trend down.
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