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To: Badfinger who wrote (27036)	8/4/1998 6:41:00 PM
From: P.Prazeres	Read Replies (1) \| Respond to of 95453

and the API bad news... see next post

To: Badfinger who wrote (27036)	8/4/1998 6:41:00 PM
From: P.Prazeres	Read Replies (1) \| Respond to of 95453

8/4 API Says U.S. Crude Oil Inventories Increased 1.876 Mln Bbls Washington, Aug. 4 (Bloomberg) -- U.S. crude oil inventories increased by 1.876 million barrels to 343.5 million barrels in the week ended July 31, the American Petroleum Institute said in its latest weekly report. The latest API figures show U.S. crude oil inventories are 34.11 million barrels up compared with the same period a year ago. U.S. gasoline inventories declined by 0.145 million barrels to 219.5 million barrels week on week, and were up 27.549 million barrels compared with the same time a year ago. Distillate stocks, which include heating oil and diesel fuel, were up 2.058 million barrels at 145.0 million barrels compared with the previous week. Against the previous year, distillate inventories increased by 23.5 million barrels, the API said. Residual fuel oil inventories stood at 38.8 million barrels week ended July 31, up 0.323 million barrels from the previous week. Residual fuel oil inventories were 36.3 million barrels the previous year. Weekly imports of crude oil to the U.S. decreased by 0.1 million barrels a day to 8.7 million b/d. Last year the U.S. imported 7.8 million b/d of foreign crude. U.S. refineries operated at 99.0% of capacity, compared with 99.7% during the previous week, and 97.1% at the same time a year ago. Total U.S. refinery capacity stood at 15.8 million b/d for the week ended July 31, unchanged from the previous week. Operable capacity was 15.6 million barrels the previous year.

To: Badfinger who wrote (27036)	8/4/1998 6:44:00 PM
From: P.Prazeres	Respond to of 95453

BN 8/4 API Says U.S. Crude Oil Stocks Increased 1.876 Mln Bbls (Tables) Washington, Aug. 4 (Bloomberg) -- These are the latest weekly oil statistics reported by the American Petroleum Institute. Current Previous Year Ago Change from last API Summary 07/31/98 07/24/98 08/01/97 Week Year Inventories ('000 bbls) Crude Oil 343,525 341,649 r 309,414 1,876 34,111 Total Gasoline 219,474 219,619 191,925 (145) 27,549 Distillates 145,024 142,966 121,490 2,058 23,534 Production ('000 b/d) Crude Oil 6,302 6,302 6,298 0 4 Total Gasoline 8,225 7,926 7,777 299 448 Distillates 3,606 3,514 3,393 92 213 Imports ('000 b/d) Crude Oil 8,658 8,784 7,792 (126) 866 Oil Products 1,869 1,530 1,797 339 72 Refining ('000 b/d) Input to Dist. Units 15,635 15,744 15,142 (109) 493 Operable Capacity 15,786 15,786 15,601 0 185 Utilization (%) 99.0 99.7 97.1 -0.7 1.9 Refinery Runs 15,431 15,518 15,000 (87) 431 Total Output ('000 b/d) Current Previous Year Ago Change from last 07/31/98 07/24/98 08/01/97 Week Year Total Gasoline 8,225 7,926 7,777 299 448 Fin. Oxygenated Mogas 416 423 512 (7) (96) Fin. Reformulated Mogas 2,560 2,475 2,504 85 56 Other Finished Mogas 5,249 5,028 4,761 221 488 Jet Naphtha 1 0 2 1 (1) Jet Kerosene 1,475 1,602 1,661 (127) (186) Commercial Jet Kerosene 1,328 1,457 1,510 (129) (182) Military Jet Kerosene 147 145 151 2 (4) Distillate Fuels 3,606 3,514 3,393 92 213 Dist. Fuel <= 0.05% S 2,468 2,286 2,133 182 335 Dist. Fuel > 0.05% S 1,138 1,228 1,260 (90) (122) Residual Fuel Oil 718 795 593 (77) 125 Crude Oil 6,302 6,302 6,298 0 4 Total Stocks ('000 bbls) Current Previous Year Ago Change from last 07/31/98 07/24/98 08/01/97 Week Year Total Gasoline 219,474 219,619 191,925 (145) 27,549 Total Finished Gasoline 175,518 174,967 151,603 551 23,915 Fin. Oxygenated Mogas 1,156 436 949 720 207 Fin. Reformulated Mogas 45,481 47,179 39,515 (1,698) 5,966 Other Finished Mogas 128,881 127,352 111,139 1,529 17,742 Blending Components 43,956 44,652 40,322 (696) 3,634 Jet Naphtha 36 35 9 1 27 Jet Kerosene 41,568 43,068 42,847 (1,500) (1,279) Distillate Fuels 145,024 142,966 121,490 2,058 23,534 Dist. Fuel <= 0.05% S 72,157 70,787 65,075 1,370 7,082 Dist. Fuel > 0.05% S 72,867 72,179 56,415 688 16,452 Residual Fuel Oil 38,787 38,464 36,330 323 2,457 Unfinshed Oils 97,279 97,046 r 91,427 233 5,852 Crude Oil 343,525 341,649 r 309,414 1,876 34,111 Production ('000 b/d) ----------- Finished Gasoline ---------- Naphtha Total Oxygenated Reformulat Other Jet Fuel District 1 07/31/98 1,096 62 626 408 0 07/24/98 973 67 569 337 0 Change 123 (5) 57 71 0 District 2 07/31/98 1,795 243 249 1,303 0 07/24/98 1,717 247 249 1,221 0 Change 78 (4) 0 82 0 District 3 07/31/98 3,614 17 646 2,951 0 07/24/98 3,629 19 661 2,949 0 Change (15) (2) (15) 2 0 District 4 07/31/98 250 43 0 207 0 07/24/98 247 40 0 207 0 Change 3 3 0 0 0 District 5 07/31/98 1,470 51 1,039 380 1 07/24/98 1,360 50 996 314 0 Change 110 1 43 66 1 Production ('000 b/d) ------- Jet Kerosene ------- Distillate Fuel Total Commercial Military Total <0.05%S District 1 07/31/98 89 89 0 475 178 07/24/98 119 119 0 435 132 Change (30) (30) 0 40 46 District 2 07/31/98 166 157 9 871 613 07/24/98 279 270 9 894 653 Change (113) (113) 0 (23) (40) District 3 07/31/98 806 698 108 1,682 1,191 07/24/98 830 719 111 1,605 1,061 Change (24) (21) (3) 77 130 District 4 07/31/98 39 35 4 137 106 07/24/98 22 18 4 121 99 Change 17 17 0 16 7 District 5 07/31/98 375 349 26 441 380 07/24/98 352 331 21 459 341 Change 23 18 5 (18) 39 Production ('000 b/d) Dist. Resid. Crude Oil >0.05%S Fuel Dist. 1-4 District 1 07/31/98 297 139 4,225 07/24/98 303 135 4,225 Change (6) 4 0 District 2 07/31/98 258 63 07/24/98 241 65 Change 17 (2) District 3 07/31/98 491 290 07/24/98 544 350 Change (53) (60) District 4 07/31/98 31 9 07/24/98 22 11 Change 9 (2) District 5 07/31/98 61 217 2,077 07/24/98 118 234 2,077 Change (57) (17) 0 Stocks ('000 bbls) Total -------- Finished Gasoline --------- Gasoline Total OxygenatedReformul. Other District 1 07/31/98 63,590 55,069 100 21,101 33,868 07/24/98 64,910 56,155 100 22,112 33,943 Change (1,320) (1,086) 0 (1,011) (75) District 2 07/31/98 56,099 45,721 303 1,018 44,400 07/24/98 55,276 44,574 195 1,012 43,367 Change 823 1,147 108 6 1,033 District 3 07/31/98 64,913 48,553 0 10,422 38,131 07/24/98 63,699 47,849 0 10,345 37,504 Change 1,214 704 0 77 627 District 4 07/31/98 6,131 4,549 148 0 4,401 07/24/98 5,965 4,443 138 0 4,305 Change 166 106 10 0 96 District 5 07/31/98 28,741 21,626 605 12,940 8,081 07/24/98 29,769 21,946 3 13,710 8,233 Change (1,028) (320) 602 (770) (152) Stocks ('000 bbls) Blend. Jet Jet Distillate Fuel Comp. Naph. Kero. Total <= 0.05%S District 1 07/31/98 8,521 0 10,357 66,449 19,276 07/24/98 8,755 0 9,433 65,372 19,117 Change (234) 0 924 1,077 159 District 2 07/31/98 10,378 0 8,044 31,158 21,470 07/24/98 10,702 0 7,697 32,088 21,802 Change (324) 0 347 (930) (332) District 3 07/31/98 16,360 0 14,147 33,601 21,127 07/24/98 15,850 0 16,213 31,408 19,399 Change 510 0 (2,066) 2,193 1,728 District 4 07/31/98 1,582 0 812 2,893 2,461 07/24/98 1,522 0 808 2,925 2,460 Change 60 0 4 (32) 1 District 5 07/31/98 7,115 36 8,208 10,923 7,823 07/24/98 7,823 35 8,917 11,173 8,009 Change (708) 1 (709) (250) (186) Stocks ('000 bbls) Dist. Resid. Unfin. Crude >0.5%S Fuel Oils Oil District 1 07/31/98 47,173 16,175 10,931 17,672 07/24/98 46,255 15,328 10,654 17,679 Change 918 847 277 (7) District 2 07/31/98 9,688 2,364 15,731 76,828 07/24/98 10,286 2,459 15,729 76,107 Change (598) (95) 2 721 District 3 07/31/98 12,474 14,006 47,145 178,608 07/24/98 12,009 14,687 47,409 176,393 Change 465 (681) (264) 2,215 District 4 07/31/98 432 621 2,451 12,170 07/24/98 465 696 2,495 12,381 Change (33) (75) (44) (211) District 5 07/31/98 3,100 5,621 21,021 58,247 07/24/98 3,164 5,294 20,759 59,089 Change (64) 327 262 (842)