U.S. Petroleum Weekly – December 16, 2010
(For The Week Ending December 10, 2010)
Crude oil stocks fell 9.9 million barrels; Gasoline stocks were up 0.8 million barrels; Distillate stocks rose 1.1 million barrels; Propane/propylene stocks fell 1.9 million barrels; Other oils stocks decreased 3.8 million barrels; Total crude oil and petroleum stocks were 15.6 million barrels lower for the week.
Refinery utilization rose 0.5% to 88.0%.
Implied crude oil demand fell 0.5 million barrels.
Crude oil and petroleum product net imports fell 1.8 million barrels to 7.8 million barrels. Lowest level in more than 10 years.
Impressive and record stockpile draw; No prof of increased demand; Looks like oil traders move crude oil around the globe.
Chart 1. Crude Oil Futures
Chart 2. Crude Oil Futures Curve
Chart 3. Weekly Change in U.S. Crude Oil and Distillates Stocks
Chart 4. U.S. Crude Oil Implied Demand
Chart 5. U.S. Motor Gasoline Implied Demand
Chart 6. U.S. Distillate Fuel Implied Demand
Chart 7. U.S. Crude Oil Total Inventory
Chart 8. Motor Gasoline Total Inventory
Chart 9. Distillate Fuel Oil Total Inventory
Chart 10. U.S. Refinery Capacity, Inputs, and Production
Chart 11. Weekly U.S. Total Crude Oil and Petroleum Products Imports and Exports
