{"id":16000,"date":"2012-04-11T17:10:09","date_gmt":"2012-04-11T15:10:09","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/16000\/rise-in-crude-inventory-exceeds-expectations-for-another-week\/"},"modified":"2012-04-11T17:10:09","modified_gmt":"2012-04-11T15:10:09","slug":"rise-in-crude-inventory-exceeds-expectations-for-another-week","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/16000\/rise-in-crude-inventory-exceeds-expectations-for-another-week\/","title":{"rendered":"Rise in Crude Inventory Exceeds Expectations for Another Week"},"content":{"rendered":"

According to the DOE\/EIA weekly report, total crude oil and petroleum products stocks jumped +3.93 mmb to 1069.90 mmb in the week ended April 6. Crude stockpile increased +2.79 mmb to 365.19 mmb as driven by gains in PADD III and V. Cushing stock alone rose +0.29 mmb to 40.59 mmb. Utilization rate decreased -1.9% to 83.8%. <\/p>\n

Gasoline inventory dipped -4.28 mmb to 217.64 mmb although demand slipped -1.16% to 8.68M bpd. Production dropped -0.68% to 8.91M bpd while imports fell -20.34% to 0.71M bpd. Distillate inventory plunged -4.0 mmb to 131.89 mmb although demand gained +9.31% to 3.93M bpd. Imports plummeted -71.43% to 0.06M bpd while production dropped -1.82% to 4.33M bpd during the week.<\/p>\n


\n
\n
\n
\n
\n
\n
Weekly change in inventory as of 30\/03\/11 <\/STRONG><\/TD>
\n 		Actual<\/strong><\/TD>
\n 		Change<\/STRONG><\/TD>
\n 		Consensus<\/STRONG><\/TD>
\n 		Previous <\/STRONG><\/TD>
\n <\/TR>
\n
Crude oil <\/STRONG><\/TD>
\n 		365.19 mmb<\/TD>
\n 		+2.79 mmb<\/TD>
\n 		+1.80 mmb <\/TD>
\n 		+9.01 mmb<\/TD>
\n <\/TR>
\n
Gasoline <\/STRONG><\/TD>
\n 		217.64 mmb<\/TD>
\n 		-4.28 mmb<\/TD>
\n 		-1.25 mmb <\/TD>
\n 		-1.46 mmb<\/TD>
\n <\/TR>
\n
Distillate <\/STRONG><\/TD>
\n 		131.89 mmb<\/TD>
\n 		-4.00 mmb<\/TD>
\n 		+0.20 mmb <\/TD>
\n 		+0.02 mmb<\/TD>
\n <\/TR>
\n <\/TBODY>
\n<\/TABLE><\/p>\n

Comparison between API and EIA reports: <\/STRONG><\/p>\n


\n
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n
<\/DIV><\/TD>
\n
<\/DIV><\/TD>
\n
API (Mar 30) <\/STRONG><\/DIV><\/TD>
\n
<\/DIV><\/TD>
\n
<\/DIV><\/TD>
\n
EIA (Mar 30)<\/STRONG><\/DIV><\/TD>
\n
<\/DIV><\/TD>
\n <\/TR>
\n
<\/DIV><\/TD>
\n
Actual<\/DIV><\/TD>
\n
Inventory<\/DIV><\/TD>
\n
Previous<\/DIV><\/TD>
\n
<\/DIV><\/TD>
\n
Forecast (using API’s inventory level) <\/DIV><\/TD>
\n
Inventory<\/DIV><\/TD>
\n <\/TR>
\n
Crude oil<\/STRONG><\/DIV><\/TD>
\n
+6.58 mmb<\/TD>
\n 		365.93 mmb <\/TD>
\n 		+7.85 mmb<\/TD>
\n
<\/DIV><\/TD>
\n
+3.53 mmb <\/DIV><\/TD>
\n
366 mmb <\/DIV><\/TD>
\n <\/TR>
\n
Gasoline<\/STRONG><\/DIV><\/TD>
\n
+1.18 mmb<\/TD>
\n 		<\/p>\n

223.02 mmb <\/p>\n

<\/TD>
\n

-4.46 mmb<\/TD>
\n
<\/DIV><\/TD>
\n
<\/p>\n

+1.10 mmb <\/p>\n

<\/DIV><\/TD>
\n

223 mmb <\/DIV><\/TD>
\n <\/TR>
\n
Distillate<\/STRONG><\/DIV><\/TD>
\n
-0.48 mmb<\/TD>
\n 		134.74 mmb <\/TD>
\n 		-1.39 mmb<\/TD>
\n
<\/DIV><\/TD>
\n
-1.14 mmb <\/DIV><\/TD>
\n
135 mmb <\/DIV><\/TD>
\n <\/TR>
\n <\/TBODY>
\n<\/TABLE><\/p>\n

<\/p>\n

<\/p>\n

<\/p>\n

<\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

<\/p>\n

See original here:\u00a0
\nRise in Crude Inventory Exceeds Expectations for Another Week<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

According to the DOE\/EIA weekly report, total crude oil and petroleum products stocks jumped +3.93 mmb to 1069.90 mmb in the week ended April 6. Crude stockpile increased +2.79 mmb to 365.19 mmb as driven by gains in PADD III and V. Cushing stock alone rose +0.29 mmb to 40.59 mmb. Utilization rate decreased -1.9% to 83.8%. Gasoline inventory dipped -4.28 mmb to 217.64 mmb although demand slipped -1.16% to 8.68M bpd. Production dropped -0.68% to 8.91M bpd while imports fell -20.34% to 0.71M bpd. Distillate inventory plunged -4.0 mmb to 131.89 mmb although demand gained +9.31% to 3.93M bpd. Imports plummeted -71.43% to 0.06M bpd while production dropped -1.82% to 4.33M bpd during the week. Weekly change in inventory as of 30\/03\/11 Actual Change Consensus Previous Crude oil 365.19 mmb +2.79 mmb +1.80 mmb +9.01 mmb Gasoline 217.64 mmb -4.28 mmb -1.25 mmb -1.46 mmb Distillate 131.89 mmb -4.00 mmb +0.20 mmb +0.02 mmb Comparison between API and EIA reports: API (Mar 30) EIA (Mar 30) Actual Inventory Previous Forecast (using API’s inventory level) Inventory Crude oil +6.58 mmb 365.93 mmb +7.85 mmb +3.53 mmb 366 mmb Gasoline +1.18 mmb 223.02 mmb -4.46 mmb +1.10 mmb 223 mmb Distillate -0.48 mmb 134.74 mmb -1.39 mmb -1.14 mmb 135 mmb <\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16000","post","type-post","status-publish","format-standard","hentry","category-welcome-start-here-tradecrudeoilchatroom"],"_links":{"self":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/16000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=16000"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/16000\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=16000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=16000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=16000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}