Crude Oil Stocks – +2.929 MB
Distillate Stocks – -1.085 MB
Gasoline Stocks – +.313 MB
(STOCKS LISTED IN THOUSANDS OF BBL)
CURRENT WEEK YEAR AGO PREV WK
CHANGES 03/26/10 03/27/09 03/19/10
Ref % Operated – - 82.1 81.8 80.8
Ttl Mogas Stocks -946 223,161 215,596 224,107*
Distillate Stocks -1,007 147,546 144,502 148,553
Resid Fuel Stocks 1,059 40,271 39,089 39,212
** Crude Imports -279 9,203 10,121 9,482*
Crude Oil Stocks 421 351,928 357,794 351,507
**-Thousands Of Barrels Per Day *-Revised
The latest Platts survey is looking for a 2.65 million barrel crude oil stock build, a 2.0 million barrel draw in gasoline supplies, and a 1.2 million barrel decline in distillate inventories for the week ending March 26. Our cursory cut at the numbers would suggest that in terms of crude oil, refinery runs likely moved up modestly from the prior week, while gross imports eased back closer to what we estimate to be the underlying trend. Assuming domestic crude oil production modestly in excess of 5.5 MMB/D, the arithmetic would suggest a crude oil stock build somewhat shy of what the market is looking for. In terms of products, implied gasoline demand is estimated to have eased a bit from the previous week’s average of almost 9.1 MMB/D.
Hornsby Trading News
- Platts Energy Inventory Survey Plus Hornsby & Company Inventory Assessment – February 7th.
- US NATURAL GAS INVENTORY SURVEY: Draw Of 126 Bcf Expected – Dow Jones
- Weekly DOE Inventory Report – February 1st.
- API Inventory Report – January 31st.
- Platts Energy Inventory Survey Plus Hornsby & Company Inventory Assessment – January 31st.