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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Tulvio Durand who wrote (21451)	5/5/1998 1:26:00 PM
From: pz	Respond to of 95453

REUTER POLL FORECAST* ACTUAL FOR FOR WEEK ENDED 05/01/98 WEEK ENDED 04/24/98-CHANGE ------------------------------------------------------------ CRUDE............ UP 1.4 MLN 343.04 UP 2.21 DISTILLATE....... UP 0.5 MLN 121.50 DN 831,000 GASOLINE......... DN 0.9 MLN 211.06 DN 1.18 UTILIZATION...... DN 0.8 (PCT PT)14.90 DN 262,000 *NB - The forecast is derived by polling at least six market analysts/traders, omitting the high and low forecast and averaging. NEW YORK, May 5 (Reuters) - A slight build in crude oil and distillates and a small draw in gasoline are forecast by traders and analysts ahead of the American Petroleum Institute's weekly stock inventory data due later Tuesday. Traders and analysts polled by Reuters said they expect a build in crude of 1.4 million barrels and an increase in distillates stocks, mostly heating oil, of 500,000 barrels for the week ending May 1. They also forecast a draw of about 895,000 barrels in gasoline and an increase in refinery utilization by 0.8 percent. "Imports are up again on crude, while gasoline production is up with the approach of the driving season," said Scott Ryll of Atlanta's GSC Energy Group. Those polled estimated crude imports averaging about 8.0 million barrels per day (bpd) in the past week. "Refinery runs are up as some of the refinery units that encountered problems in the past weeks are back up again," Ryll added. So far, five of six refineries that reported glitches in the past two weeks have been restarted, according to company reports. An analyst for Eildon Associates LLC said demand on gasoline is way up, adding that implied gasoline demand for the past week could be as high as 8.5 million barrels per day (bpd). On distillates, the forecasters said the demand is continuing to sag for heating oil, though there have been patches of below-normal weather in certain areas of the U.S. in the past week.