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

To: Ronald J. Clark who wrote (31785)	11/13/1998 12:01:00 PM
From: Tomas	Respond to of 95453

US Oct crude oil production lowest since 1954 - EIA WASHINGTON, Nov 12 (Reuters) - U.S. crude oil production last month averaged 6.4 million barrels per day (bpd), the lowest level for October since 1954, the U.S. Energy Information Administration said on Thursday. Cheaper crude from foreign markets continued to make it more affordable to import oil than produce it domestically. Based on preliminary estimates, the EIA said U.S. crude imports averaged 8.3 million bpd, down 600,000 bpd from last year's record high for the month. The EIA is the statistical agency of the U.S. Energy Department. Crude stocks at the end of October, excluding what was held in the Strategic Petroleum Reserve, totaled 340 million barrels, the highest October level since 1994. Separately, the EIA said U.S. petroleum demand in October averaged 18.6 million barrels per day, the lowest October level since 1995. Demand for finished motor gasoline reached an October record high of 8.3 million bpd. Gasoline production averaged 7.9 million bpd, 100,000 bpd below the October record set last year, the EIA said. End-of-the month gasoline stocks stood at 157 million barrels, 600,000 million barrels less than October 1997. Distillate fuel oil demand averaged 3.5 million bpd during October, while production reached 3.2 million bpd - 200,000 bpd less than last year. At the end of the month, distillate fuel stocks totaled 145 million barrels, 9.2 million barrels higher than October 1997. Total jet fuel demand averaged 1.5 million bpd last month, while production averaged 1.4 million bpd. Jet fuel stocks stood at 43 million barrels at the end of October, down 3.1 million barrels from a year earlier. Production of residual fuel oil averaged 691,000 bpd in October, the lowest October level since 1971. Stocks at the end of the month were 40 million barrels, the highest for October since 1994. biz.yahoo.com