Petroleum Update for Week Ending 6/16/06

[BoeingBoy]

Domestic crude oil production for the week averaged 5,198,000 bbls/day, down 13,000 bbls/day from the previous week.

Crude oil imports (excluding SPR) averaged 10,994,000 bbls/day, up 447,000 bbls/day WoW.

Crude inputs to refineries averaged 15,968,000 bbls/day, up 158,000 bbls/day WoW.

Refinery utilization averaged 93.31% for the week.

Moving to the jet fuel situation.....

Domestic jet fuel production averaged 1,484,000 bbls/day for the week, down 40,000 bbls/day WoW.

Imports of jet fuel averaged 183,000 bbls/day, up 83,000 WoW.

Jet fuel supplied averaged 1,695,000 bbls/day, almost unchanged WoW (down 3,000).

Stocks of jet fuel were 39,949,000 bbls at weeks end.

Spot prices on 6/16/06 were:

NY Harbor jet - $2.0125
Gulf Coast jet - $2.0475
Los Angeles jet - $2.1575
WTI Cushing crude - $69.75

The Platt's regional data for 6/16/06:

Europe & CIS - $2.0530
North America - $2.0690
Asia & Oceania - $2.0550
Middle East & Africa-$1.9950
Latin & Central America - $2.0780
Average World crude price - $62.66

Once again, the same chart as last week:

View attachment 4949

Jim