- Nov 9, 2003
- 16,512
- 5,865
From the EIA weekly report:
U.S. crude oil imports averaged nearly 9.9 million barrels per day last week, down 81,000 barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 10.0 million barrels per day, a decrease of
63,000 barrels per day from the comparable four weeks last year.
U.S. commercial crude oil inventories (excluding those in the SPR) rose by 1.6 million barrels from the previous week. At 328.3 million barrels, U.S. crude oil inventories remain well above the upper end of the average range for this time of year.
U.S. crude oil refinery inputs averaged nearly 14.5 million barrels per day during the week ending February 24, down 88,000 barrels per day from the previous week's average. Refineries operated at 85.2 percent of their operable capacity last week.
Total products supplied over the last four-week period has averaged 20.7 million barrels per day, or 0.3 percent more than averaged over the same period last year.
Jet fuel demand is down 2.3 percent over the last four weeks compared to the same four-week period last year.
As would be expected with the terrorist attempt on the facility in Saudia Arabia, prices jumped late last week. Spot prices on 2/24/03:
NY Harbor Jet Fuel $1.7905/gal (up 7.12 cents WoW)
Gulf Coast Jet Fuel $1.8093/gal (up 8.13 cents WoW)
Los Angeles Jet Fuel $1.8600/gal (up 5.0 cents WoW)
WTI-Cushing Crude Oil $61.46/bbl (up $1.70 WoW)
I mentioned the average world crude price in a post in last week's thread, so here's some date for this week's report. These are also as of 2/24/06, include all grades of crude ,and - except for the U.S. average - are weighted for export volume to the U.S):
Avg OPEC crude price: $55.76/bbl
Avg non-OPEC crude price: $53.02/bbl
Avg world crude price: $54.17/bbl
Avg U.S. crude price: $51.43
WTI-Cushing is still trading about where it ended last week - Bloomberg is reporting $61.80 @ 12:14pm EST.
Since it's March, here's the usual chart of average monthly prices updated for Feb:
View attachment 4506
Jim
U.S. crude oil imports averaged nearly 9.9 million barrels per day last week, down 81,000 barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 10.0 million barrels per day, a decrease of
63,000 barrels per day from the comparable four weeks last year.
U.S. commercial crude oil inventories (excluding those in the SPR) rose by 1.6 million barrels from the previous week. At 328.3 million barrels, U.S. crude oil inventories remain well above the upper end of the average range for this time of year.
U.S. crude oil refinery inputs averaged nearly 14.5 million barrels per day during the week ending February 24, down 88,000 barrels per day from the previous week's average. Refineries operated at 85.2 percent of their operable capacity last week.
Total products supplied over the last four-week period has averaged 20.7 million barrels per day, or 0.3 percent more than averaged over the same period last year.
Jet fuel demand is down 2.3 percent over the last four weeks compared to the same four-week period last year.
As would be expected with the terrorist attempt on the facility in Saudia Arabia, prices jumped late last week. Spot prices on 2/24/03:
NY Harbor Jet Fuel $1.7905/gal (up 7.12 cents WoW)
Gulf Coast Jet Fuel $1.8093/gal (up 8.13 cents WoW)
Los Angeles Jet Fuel $1.8600/gal (up 5.0 cents WoW)
WTI-Cushing Crude Oil $61.46/bbl (up $1.70 WoW)
I mentioned the average world crude price in a post in last week's thread, so here's some date for this week's report. These are also as of 2/24/06, include all grades of crude ,and - except for the U.S. average - are weighted for export volume to the U.S):
Avg OPEC crude price: $55.76/bbl
Avg non-OPEC crude price: $53.02/bbl
Avg world crude price: $54.17/bbl
Avg U.S. crude price: $51.43
WTI-Cushing is still trading about where it ended last week - Bloomberg is reporting $61.80 @ 12:14pm EST.
Since it's March, here's the usual chart of average monthly prices updated for Feb:
View attachment 4506
Jim
