BoeingBoy
Veteran
- Nov 9, 2003
- 16,512
- 5,865
For the week ending 6/2/06,
Domestic crude oil production averaged 5,097,000 bbls a day, up 9,000 bbls/day WoW.
Imports of crude oil averaged 10,881,000 bbls/day, up 39,000 bbls/day WoW.
Refinery crude oil inputs averaged 15,634,000 bbls/day, up 115,000 bbls/day WoW.
Domestic refinery utilization averaged 91.0%, down 0.1% WoW.
Crude oil stocks on 6/2/06 were 346,600,000 bbls, up 1,100,000 bbl WoW.
For jet fuel,
Domestic refineries produced an average of 1,467,000 bbls/day, up 45,000 bbls/day WoW.
Imports averaged 221,000 bbls/day, down 124,000 bbls/day WoW.
Jet fuel supplied averaged 1,505,000 bbls/day, down 156,000 bbls/day WoW.
Jet fuel stocks on 6/2/06 were 41,100,000 bbls, up 1,000,000 bbls WoW.
First, spot prices a year ago, on 6/2/05,
NY Harbor jet - $1.6891
Gulf Coast jet - $1.6566
Los Angeles jet - $1.7150
WTI Cushing crude - $53.63/bbl
Spot prices on 6/2/06,
NY Harbor jet - $2.1645
Gulf Coast jet - $2.1420
Los Angeles jet - $2.2100
WTI Cushing crude - $72.73/bbl
Average spot prices for May thru the 6th,
NY Harbor jet - $2.1464
Gulf Coast jet - $2.1242
Los Angeles jet - $2.2081
WTI Cushing crude - $71.94
Bloomberg reports that WTI Cushing closed at $70.82 on 6/7/06.
Platt's regional spot prices for jet fuel,
Europe & CIS - $2.0930
North America - $2.1620
Asia & Oceania - $2.0740
Middle East & Africa - $2.0300
Latin & Central America - $2.1750
The same chart of monthly spot prices as last week:
View attachment 4931
On June 1st, the Mineral Management Service issued it's final post-Katrina/Rita report on the status of oil production and facilities on the outer continental shelf of the Gulf of Mexico - note that this does not include figures for state managed production closer to or on shore.
There are still 71 oil/natural gas platforms unusable, representing 8.67% of all such platforms in the GOM. All oil/natural gas rigs are back in operation.
On 6/1/06, there was still 227,888 bbls/day of oil shut-in in the GOM, representing 15.19% of normal daily production.
The cumulative shut-in oil production for the period 8/26/05-6/1/06 is 162,425,332 bbls, equivalent to 29.67% of the yearly production of oil in the GOM. Since the GOM outter continental shelf normally produces about 27% of annual domestic crude oil, this cumulative shut-in equates to about 8% of normal annual domestic crude oil production.
The weekly "This Week in Petroleum", also issued by the EIA, discusses the prospects for this years hurricane season. It's here. In it there's a link to the "Short Term Energy Outlook", which was also updated this week.
Jim
Domestic crude oil production averaged 5,097,000 bbls a day, up 9,000 bbls/day WoW.
Imports of crude oil averaged 10,881,000 bbls/day, up 39,000 bbls/day WoW.
Refinery crude oil inputs averaged 15,634,000 bbls/day, up 115,000 bbls/day WoW.
Domestic refinery utilization averaged 91.0%, down 0.1% WoW.
Crude oil stocks on 6/2/06 were 346,600,000 bbls, up 1,100,000 bbl WoW.
For jet fuel,
Domestic refineries produced an average of 1,467,000 bbls/day, up 45,000 bbls/day WoW.
Imports averaged 221,000 bbls/day, down 124,000 bbls/day WoW.
Jet fuel supplied averaged 1,505,000 bbls/day, down 156,000 bbls/day WoW.
Jet fuel stocks on 6/2/06 were 41,100,000 bbls, up 1,000,000 bbls WoW.
First, spot prices a year ago, on 6/2/05,
NY Harbor jet - $1.6891
Gulf Coast jet - $1.6566
Los Angeles jet - $1.7150
WTI Cushing crude - $53.63/bbl
Spot prices on 6/2/06,
NY Harbor jet - $2.1645
Gulf Coast jet - $2.1420
Los Angeles jet - $2.2100
WTI Cushing crude - $72.73/bbl
Average spot prices for May thru the 6th,
NY Harbor jet - $2.1464
Gulf Coast jet - $2.1242
Los Angeles jet - $2.2081
WTI Cushing crude - $71.94
Bloomberg reports that WTI Cushing closed at $70.82 on 6/7/06.
Platt's regional spot prices for jet fuel,
Europe & CIS - $2.0930
North America - $2.1620
Asia & Oceania - $2.0740
Middle East & Africa - $2.0300
Latin & Central America - $2.1750
The same chart of monthly spot prices as last week:
View attachment 4931
On June 1st, the Mineral Management Service issued it's final post-Katrina/Rita report on the status of oil production and facilities on the outer continental shelf of the Gulf of Mexico - note that this does not include figures for state managed production closer to or on shore.
There are still 71 oil/natural gas platforms unusable, representing 8.67% of all such platforms in the GOM. All oil/natural gas rigs are back in operation.
On 6/1/06, there was still 227,888 bbls/day of oil shut-in in the GOM, representing 15.19% of normal daily production.
The cumulative shut-in oil production for the period 8/26/05-6/1/06 is 162,425,332 bbls, equivalent to 29.67% of the yearly production of oil in the GOM. Since the GOM outter continental shelf normally produces about 27% of annual domestic crude oil, this cumulative shut-in equates to about 8% of normal annual domestic crude oil production.
The weekly "This Week in Petroleum", also issued by the EIA, discusses the prospects for this years hurricane season. It's here. In it there's a link to the "Short Term Energy Outlook", which was also updated this week.
Jim
