U.S. Petroleum Weekly – 28 April 2010
Crude oil stocks rose 2 million barrels for week ending 23 April; Gasoline stocks fell 1.2 million barrels; Distillate stocks rose 2.9 million barrels; Propane/propylene stocks increased 3.6 million barrels; Other oils stocks rose 1.1 million barrels; Total crude oil and petroleum stocks were 12.9 million barrels higher than the week before.
Refinery utilization rose from 89% to 85.9%. A two year high.
Crude oil and petroleum product net imports were at 10.8 million barrels. All categories of petroleum stocks are still at elevated levels.
Again, an increase in stocks. The supply currently outweighs demand.
Chart 1. Crude Oil Futures
Chart 2. Weekly Change in U.S. Crude Oil and Distillates Stocks
Chart 3. U.S. Total Crude Oil, Gasoline and Distillate Ending Stocks
Chart 4. U.S. Refinery Capacity, Inputs, and Production
Chart 5. Weekly U.S. Total Crude Oil and Petroleum Products Imports and Exports