In terms of U.S. data for the week ending April 22, the latest Platts survey is calling for a 1.6 million barrel build in crude oil stocks, a 1.5 million barrel fall in gasoline supplies, and a 650,000 barrel increase in distillate fuel oil inventories. Our stab at the numbers would suggest a crude oil stock build close to consensus expectations and a gasoline draw smaller than what the market is looking for. We also expect another decline in distillate supplies, despite the likelihood that implied demand fell back from the prior week’s above-trend average of more than 4.1 MMB/D.
Tags: inventory estimates crude oil and refined products, platts inventory estimate, Platts oil inventory assessment, platts survey
