- Nov 9, 2003
- 16,512
- 5,865
Just as last week, there's lot's of other news and not much happening in the petroleum markets, but here's this week's report anyway.....
From the EIA weekly report for the week ended 5/20/05:
U.S. crude oil refinery inputs averaged over 15.8 million barrels per day during the week ending May 20, up 319,000 barrels per day from the previous week’s average.
Refineries operated at 94.6 percent of their operable capacity last week.
U.S. crude oil imports averaged 10.3 million barrels per day last week, down 548,000 barrels per day from the previous week.
Over the last four weeks, crude oil imports have averaged nearly 10.4 million barrels per day, which is 115,000 barrels per day more than averaged over the comparable four weeks last year.
U.S. commercial crude oil inventories (excluding those in the SPR) declined by 1.6 million barrels from the previous week. This is only the second decline in the last 15 weeks.
However, at 332.4 million barrels, U.S. crude oil inventories remain well above the upper end of the average range for this time of year.
Total product supplied over the last four-week period has averaged 20.4 million barrels per day, or 1.0 percent more than averaged over the same period last year.
Kerosene-type jet fuel demand is up 4.1 percent over the last four weeks compared to the same four-week period last year.
The average world crude oil price on May 20, 2005 was $42.93, $6.78 above a year ago. [up 15.8% - Jim]
WTI was $47.25 per barrel on May 20, 2005, $7.42 higher than last year. [up 15.7% - Jim]
[Given the last two statistics, here's the "end user" side]
The spot price for conventional gasoline in the New York Harbor was 134.23 cents per gallon, 1.92 cents less than a year ago. [down 1.4% - Jim]
The spot price for jet fuel (change from 5/20/04) was:
NY Harbor $1.4328 (up 26.9%)
Gulf Coast $1.4140 (up 30.9%)
Los Angeles $1.5300 (up 14.6%)
Spot crude prices have been drifting in a relatively narrow band for about two weeks, with closing spot dropping below $50/bbl on the 11th for Brent and on the 12th for WTI (as reported in the EIA report).
As usual, though, to provide some context to the above spot jet fuel prices here are the spot crude prices on 5/20/05:
WTI - Cushing $47.25/bbl
Brent $46.91/bbl
And lastly, today's crude prices from Bloomberg:
NYMEX $51.03
WTI-Cushing $50.78
Dated Brent $48.70
Jim
From the EIA weekly report for the week ended 5/20/05:
U.S. crude oil refinery inputs averaged over 15.8 million barrels per day during the week ending May 20, up 319,000 barrels per day from the previous week’s average.
Refineries operated at 94.6 percent of their operable capacity last week.
U.S. crude oil imports averaged 10.3 million barrels per day last week, down 548,000 barrels per day from the previous week.
Over the last four weeks, crude oil imports have averaged nearly 10.4 million barrels per day, which is 115,000 barrels per day more than averaged over the comparable four weeks last year.
U.S. commercial crude oil inventories (excluding those in the SPR) declined by 1.6 million barrels from the previous week. This is only the second decline in the last 15 weeks.
However, at 332.4 million barrels, U.S. crude oil inventories remain well above the upper end of the average range for this time of year.
Total product supplied over the last four-week period has averaged 20.4 million barrels per day, or 1.0 percent more than averaged over the same period last year.
Kerosene-type jet fuel demand is up 4.1 percent over the last four weeks compared to the same four-week period last year.
The average world crude oil price on May 20, 2005 was $42.93, $6.78 above a year ago. [up 15.8% - Jim]
WTI was $47.25 per barrel on May 20, 2005, $7.42 higher than last year. [up 15.7% - Jim]
[Given the last two statistics, here's the "end user" side]
The spot price for conventional gasoline in the New York Harbor was 134.23 cents per gallon, 1.92 cents less than a year ago. [down 1.4% - Jim]
The spot price for jet fuel (change from 5/20/04) was:
NY Harbor $1.4328 (up 26.9%)
Gulf Coast $1.4140 (up 30.9%)
Los Angeles $1.5300 (up 14.6%)
Spot crude prices have been drifting in a relatively narrow band for about two weeks, with closing spot dropping below $50/bbl on the 11th for Brent and on the 12th for WTI (as reported in the EIA report).
As usual, though, to provide some context to the above spot jet fuel prices here are the spot crude prices on 5/20/05:
WTI - Cushing $47.25/bbl
Brent $46.91/bbl
And lastly, today's crude prices from Bloomberg:
NYMEX $51.03
WTI-Cushing $50.78
Dated Brent $48.70
Jim
