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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: BigBull who wrote (41395)3/31/1999 7:48:00 PM
From: JungleInvestor  Read Replies (1) of 95453
 
Big Bull, following are the DOE/EIA and the API numbers with the analyst estimates shown between <> for comparison to the actuals. The DOE numbers show a 6.3 MB net drawdown (product drawdown less crude gain) versus 4.7 MB for API. The DOE notes that this is the first time this year that distillate inventories are less than last years inventories!! Continuing trend in inventory reductions BEFORE new OPEC cuts kick in sure looks bullish to me (of course telling BigBull this is like preaching to the choir). I'll post the DOE commentary on subsequent messages, so this message does not get rejected for being too lengthy.

1) API Actual: GAS STOCK -5.4 MB
DOE Actual: Gas Stock -5.3 MB
<Gasoline inventories are expected to
decrease 1.7 million to 2.9 million barrels, the analysts said,
on average. >

2) API Actual: DISTILLATE -4.0 MB
DOE Actual: Distillates - -4.8 MB
<Distillate supplies, including heating oil, are
expected to fall 900,000 to 2 million barrels. Refinery use is
expected to be little changed from last week.>

3) API Actual: Crude Oil + 4.7 MB
DOE Actual Crude Oil: +3.8 MB

<Crude inventories are expected to rise between 400,000
barrels and 1.8 million barrels, according to the average of
analysts' estimates. >

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