U.S. Petroleum Weekly – June 23, 2010

June 23rd, 2010 by Belisarius

Crude oil stocks rose 2.0 million barrels for week ending June 18; Gasoline stocks fell 0.8 million barrels; Distillate stocks increased  0.3 million barrels; Propane/propylene stocks rose 1.1 million barrels; Total crude oil and petroleum stocks were 2.7 million barrels higher than the week before.

Refinery utilization rose from 87.9% to 89.4%.

Crude oil and petroleum product net imports  rose to 10.4 million barrels. All categories of petroleum stocks are still at extremely elevated levels.

Chart 1. Crude Oil Futures

Source: StockCharts.com

Chart 2. Weekly 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


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