- Nov 9, 2003
- 16,512
- 5,865
Here's the report....
U.S. crude oil refinery inputs averaged nearly 16.5 million barrels per day during the week ending July 1, up 194,000 barrels per day from the previous week's average and the highest weekly average ever.
Refineries operated at 98.1 percent of their operable capacity last week, the highest weekly utilization rate since the week ending January 1, 1999.
Distillate fuel production increased substantially, averaging 4.5 million barrels per day and the highest weekly average ever recorded.
U.S. crude oil imports averaged over 10.2 million barrels per day last week, down 752,000 barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 10.5 million barrels per day, a decrease of 9,000 barrels per day from the comparable four weeks last year.
Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged over 1.0 million barrels per day, while distillate fuel imports averaged 322,000 barrels per day.
U.S. commercial crude oil inventories (excluding those in the SPR) fell by 3.6 million barrels from the previous week. [The expected drop was on the order of 1.5M bbls - Jim]
At 324.9 million barrels, U.S. crude oil inventories remain well above the upper end of the average range for this time of year.
Distillate fuel inventories jumped by 4.0 million barrels last week, and are now in the upper half of the average range for this time of year. [Much more than expected - Jim]
Total product supplied over the last four-week period has averaged nearly 20.8 million barrels per day, or 2.2 percent more than averaged over the same period last year.
Over the last four weeks, motor gasoline demand has averaged nearly 9.5 million barrels per day, or 2.7 percent above the same period last year, with last week’s average of over 9.7 million barrels the highest weekly average ever.
Distillate fuel demand has averaged 4.1 million barrels per day over the last four weeks, or 6.0 percent above the same period last year.
Kerosene-type jet fuel demand is up 5.5 percent over the last four weeks compared to the same four-week period last year.
Spot prices for jet fuel on 7/1/05 <6/24/05> [6/17/05] (6/10/05):
New York Harbor..$1.7323 <$1.6980> [$1.7310] ($1.6865)
Gulf Coast............$1.7060 <$1.6755> [$1.6910] ($1.6515)
Los Angeles.........$1.7900 <$1.7650> [$1.7250] ($1.7250)
Spot prices for crude on 7/1/05 <6/24/05> [6/17/05] (6/10/05):
WTI Cushing...$59.11 <$59.63> [$58.40] ($53.55)
Brent..............$56.41 <$57.21> [$56.91] ($51.98)
Current crude prices:
WTI Cushing...Bloomberg doesn't have a post-report quote
Dated Brent....$57.18 (down 1.64) @ 10:53 AM
NYMEX............Bloomberg doesn't have a post-report quote
CNBC..............$59.90 (down 1.38) @11:00AM
Finally, average spot prices of jet fuel by month (by quarter once the quarter is over):
Delivery point...1Q05.....Apr05....May05.....Jun05....2Q05....Jul05*
NY Harbor..... $1.4861 $1.5836 $1.4843 $1.6945 $1.5859 $1.7627
Gulf Coast..... $1.4400 $1.5728 $1.4714 $1.6643 $1.5673 $1.7422
Los Angeles.. $1.5228 $1.7980 $1.5863 $1.7326 $1.7024 $1.8117
* thru the 6th
Jim
U.S. crude oil refinery inputs averaged nearly 16.5 million barrels per day during the week ending July 1, up 194,000 barrels per day from the previous week's average and the highest weekly average ever.
Refineries operated at 98.1 percent of their operable capacity last week, the highest weekly utilization rate since the week ending January 1, 1999.
Distillate fuel production increased substantially, averaging 4.5 million barrels per day and the highest weekly average ever recorded.
U.S. crude oil imports averaged over 10.2 million barrels per day last week, down 752,000 barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 10.5 million barrels per day, a decrease of 9,000 barrels per day from the comparable four weeks last year.
Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged over 1.0 million barrels per day, while distillate fuel imports averaged 322,000 barrels per day.
U.S. commercial crude oil inventories (excluding those in the SPR) fell by 3.6 million barrels from the previous week. [The expected drop was on the order of 1.5M bbls - Jim]
At 324.9 million barrels, U.S. crude oil inventories remain well above the upper end of the average range for this time of year.
Distillate fuel inventories jumped by 4.0 million barrels last week, and are now in the upper half of the average range for this time of year. [Much more than expected - Jim]
Total product supplied over the last four-week period has averaged nearly 20.8 million barrels per day, or 2.2 percent more than averaged over the same period last year.
Over the last four weeks, motor gasoline demand has averaged nearly 9.5 million barrels per day, or 2.7 percent above the same period last year, with last week’s average of over 9.7 million barrels the highest weekly average ever.
Distillate fuel demand has averaged 4.1 million barrels per day over the last four weeks, or 6.0 percent above the same period last year.
Kerosene-type jet fuel demand is up 5.5 percent over the last four weeks compared to the same four-week period last year.
Spot prices for jet fuel on 7/1/05 <6/24/05> [6/17/05] (6/10/05):
New York Harbor..$1.7323 <$1.6980> [$1.7310] ($1.6865)
Gulf Coast............$1.7060 <$1.6755> [$1.6910] ($1.6515)
Los Angeles.........$1.7900 <$1.7650> [$1.7250] ($1.7250)
Spot prices for crude on 7/1/05 <6/24/05> [6/17/05] (6/10/05):
WTI Cushing...$59.11 <$59.63> [$58.40] ($53.55)
Brent..............$56.41 <$57.21> [$56.91] ($51.98)
Current crude prices:
WTI Cushing...Bloomberg doesn't have a post-report quote
Dated Brent....$57.18 (down 1.64) @ 10:53 AM
NYMEX............Bloomberg doesn't have a post-report quote
CNBC..............$59.90 (down 1.38) @11:00AM
Finally, average spot prices of jet fuel by month (by quarter once the quarter is over):
Delivery point...1Q05.....Apr05....May05.....Jun05....2Q05....Jul05*
NY Harbor..... $1.4861 $1.5836 $1.4843 $1.6945 $1.5859 $1.7627
Gulf Coast..... $1.4400 $1.5728 $1.4714 $1.6643 $1.5673 $1.7422
Los Angeles.. $1.5228 $1.7980 $1.5863 $1.7326 $1.7024 $1.8117
* thru the 6th
Jim
