Critical day for the grain markets this morning with the USDA Quarterly Grain Stocks and Planting Intentions reports out this morning. EIA reported high crude stocks yesterday. Normally a bearish situation, but large draw down of gasoline stocks offset. Some key US economic numbers today and Non-Farm Payroll numbers tomorrow.
Tag Archives: Energy Stocks
API and EIA Energy Stocks Report – 2009.01.14
Below is a sample of our coverage of the major industry reports. To get more indepth coverage of this report and many more, visit futures-research.com for your free 2 week trial!
EIA crude stocks rose 1.2 million barrels and are now 39.463 million barrels above year ago stock levels. Also, EIA crude stocks stand 20.9 million barrels above the 16 year average. Over the last 4 weeks, crude stocks are up a combined 5.274 million barrels. Crude oil imports for the week stood at 9.729 million barrels per day compared to 10.485 million barrels per day the previous week. The refinery operating rate stood at 85.23% up 0.66 from last week and compared to last year’s rate of 85.23% and the 5yr average rate of 88.8%. Total product demand over the past 4 weeks was down 4% compared to year ago.
EIA distillate stocks rose 6.346 million barrels and stand at 14.3 million barrels above last year’s level. Distillate demand stood at 3.654 million barrels per day compared to 4.318 million barrels per day the previous week and 562,000 barrels per day below year ago. Heating oil stocks rose 363,000 barrels and stand at 40.624 million barrels, which leaves stocks 4.318 above year ago. Distillate demand over the past 4 weeks was down 2.4% compared to year ago.
EIA gasoline stocks rose 2.1 million barrels and are now 1.250 million barrels above the 16 year average. Compared to year ago levels, gasoline stocks are at a 1.751 million barrel deficit. The net change in gas stocks over the last 4 weeks has been a rise of 9.55 million barrels. Gas demand stood at 8.758 million barrels per day which is 358,000 barrels per day below year ago. Gasoline imports came in at 797,000 barrels per day compared to 852,000 barrels per day the previous week. Gasoline demand over the past 4 weeks was down 2.1% compared to year ago.
API and EIA Energy Stocks Report – 2008.12.31
Below is a sample of our coverage of the major industry reports. To get more indepth coverage of this report and many more, visit futures-research.com for your free 2 week trial!
EIA crude stocks rose 549,000 barrels and are now 30.037 million barrels above year ago stock levels. Also, EIA crude stocks stand 11.9 million barrels above the 16 year average. Over the last 4 weeks, crude stocks are down a combined 1.635 million barrels. Crude oil imports for the week stood at 9.249 million barrels per day compared to 9.118 million barrels per day the previous week. The refinery operating rate stood at 82.46% down 2.22 from last week and compared to last year’s rate of 89.38% and the 5yr average rate of 91.2%. Total product demand over the past 4 weeks was down 3.7% vs year ago.
EIA gasoline stocks rose 800,000 barrels and are now 2.259 million barrels above the 16 year average. Compared to year ago levels, gasoline stocks are at a 7.397 million barrel deficit. The net change in gas stocks over the last 4 weeks has been a rise of 9.16 million barrels. Gasoline demand over the past 4 weeks was down 2.27% vs year ago. Gas demand stood at 9.106 million barrels per day which is 180,000 barrels per day below year ago. Gasoline imports came in at 1.145 million barrels per day compared to 1.254 million barrels per day the previous week.
EIA distillate stocks rose 694,000 barrels and stand at 1.9 million barrels above last year’s level. Distillate demand over the past 4 weeks was down 3.3% vs year ago. Distillate demand stood at 4.31 million barrels per day compared to 4.102 million barrels per day the previous week and 30,000 barrels per day below year ago. Heating oil stocks rose 53,000 barrels and stand at 41.218 million barrels, which leaves stocks 218,000 above year ago.
