U.S. Petroleum Weekly – 30 December 2009
Crude oil stocks fell 1.5 million barrels for week ending 25 December; Gasoline stocks decreased 0.4 million barrels; Distillate stocks fell 2.1 million barrels; Propane/propylene stocks fell 1.5 million barrels; Other oils were down 2 million barrels; Total crude oil and petroleum stocks decreased 8.1 million barrels.
Refinery utilization remained mostly unchanged at 80.3 %.
Crude oil and petroleum product net imports are still at the lowest level in a decade. All categories of petroleum stocks are still at elevated levels.
A disappointing report from my point of view, looks like stocks are decreasing at lower rates.
Chart 1. Crude Oil Futures
Source: StockCharts.com
Chart 2. Change in U.S. Crude Oil and Distillates Stocks
Source: EIA
Chart 3. U.S. Total Crude Oil, Gasoline and Distillate Ending Stocks
Source: EIA
Chart 4. U.S. Refinery Capacity, Inputs, and Production
Source: EIA
Chart 5. Weekly U.S. Total Crude Oil and Petroleum Products Imports and Exports
Source: EIA