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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?


To: roguedolphin who wrote (108383)9/10/2025 1:19:47 PM
From: roguedolphin1 Recommendation

Recommended By
isopatch

  Respond to of 108524
 
Summary of Weekly Petroleum Data for the week ending September 5, 2025

U.S. crude oil refinery inputs averaged 16.8 million barrels per day during the week ending September 5, 2025, which was 51 thousand barrels per day less than the previous week’s average.
Refineries operated at 94.9% of their operable capacity last week.
Gasoline production decreased last week, averaging 9.6 million barrels per day.
Distillate fuel production decreased by 25 thousand barrels per day last week, averaging 5.2 million barrels per day.

U.S. crude oil imports averaged 6.3 million barrels per day last week, decreased by 471 thousand barrels per day from the previous week.
Over the past four weeks, crude oil imports averaged about 6.4 million barrels per day, 0.5% less than the same four-week period last year.
Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 681 thousand barrels per day, and distillate fuel imports averaged 217 thousand barrels per day.

Inventories: Note that there is no evidence of a GLUT of oil, gasoline or distillates. OECD Petroleum Inventories are over 100 million barrels lower than normal for this time of year.

> U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.9 million barrels from the previous week. At 424.6 million barrels, U.S. crude oil inventories are about 3% below the five year average for this time of year.

> Total motor gasoline inventories increased by 1.5 million barrels from last week and are at the five year average for this time of year. Both finished gasoline inventories and blending components inventories increased last week. < The light oil coming out of the shale plays is perfect for making gasoline, so our refineries should not have a problem keeping up with gasoline demand and we are export light oil to Europe.

> Distillate fuel inventories increased by 4.7 million barrels last week and are about 9% below the five year average for this time of year.

> Propane/propylene inventories increased by 1.5 million barrels from last week and are 12% above the five year average for this time of year.

>> Total commercial petroleum inventories increased by 15.4 million barrels last week.

Total products supplied over the last four-week period averaged 20.9 million barrels a day, up by 2% from the same period last year.
Over the past four weeks, motor gasoline product supplied averaged 8.9 million barrels a day, down by 0.6% from the same period last year.
Distillate fuel product supplied averaged 3.8 million barrels a day over the past four weeks, up by 2% from the same period last year.
Jet fuel product supplied was up 4.9% compared with the same four-week period last year.
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Bottomline: There is no glut of oil the world today. OPEC+ increased quotas not physical supply. It is normal for inventories to build during September and October. Winter is on the way and inventories of home heating oil are lower than normal. We need the heavy oil from Canada.

Dan Steffens
Energy Prospectus Group