{"id":16482,"date":"2012-08-15T16:53:12","date_gmt":"2012-08-15T14:53:12","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/16482\/crude-and-gasoline-stocks-declined-more-than-expected\/"},"modified":"2012-08-15T16:53:12","modified_gmt":"2012-08-15T14:53:12","slug":"crude-and-gasoline-stocks-declined-more-than-expected","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/16482\/crude-and-gasoline-stocks-declined-more-than-expected\/","title":{"rendered":"Crude and Gasoline Stocks Declined More than Expected"},"content":{"rendered":"

According to the DOE\/EIA weekly report, total crude oil and petroleum products stocks slipped -4.58 mmb to 1099.73 mmb in the week ended August 10. Crude stockpile decreased -3.70 mmb to 366.16 mmb as stockpiles dropped 3 out of 5 PADDs. Cushing stock gained +0.90 mmb to 45.20 mmb. Utilization rate stayed unchanged at 92.6%.<\/p>\n

Gasoline inventory slipped -2.37 mmb to 203.70 mmb as demand gained +5.31% to 9.31M bpd. Production rose +1.16% to 9.36M bpd while imports soared +0.79% to 0.79M bpd. Distillate inventory rose +0.68 mmb to 124.22 mmb as demand slipped -5.83% to 3.57M bpd. Imports climbed +54.93% to 0.10M bpd while production fell -0.64% to 4.67M bpd during the week.<\/p>\n


\n
\n
\n
\n
\n
\n
Weekly change in inventory as of 10\/08\/12 <\/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 		366.16 mmb<\/TD>
\n 		-3.70 mmb<\/TD>
\n 		-1.50 mmb<\/TD>
\n 		-3.73 mmb<\/TD>
\n <\/TR>
\n
Gasoline <\/STRONG><\/TD>
\n 		203.70 mmb<\/TD>
\n 		-2.37 mmb<\/TD>
\n 		-2.00 mmb<\/TD>
\n 		-1.80 mmb<\/TD>
\n <\/TR>
\n
Distillate <\/STRONG><\/TD>
\n 		124.22 mmb<\/TD>
\n 		+0.68 mmb<\/TD>
\n 		-0.28 mmb<\/TD>
\n 		-0.72 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 Aug 10) <\/STRONG><\/DIV><\/TD>
\n
<\/DIV><\/TD>
\n
<\/DIV><\/TD>
\n
EIA (Aug 10)<\/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
+2.78 mmb<\/TD><\/p>\n367.09 mmb<\/td>\n

-5.35 mmb<\/TD>
\n
<\/DIV><\/TD>
\n
-2.77 mmb <\/DIV><\/TD>
\n
367 mmb <\/DIV><\/TD>
\n <\/TR>
\n
Gasoline<\/STRONG><\/DIV><\/TD>
\n
-2.00 mmb<\/TD><\/p>\n205.66 mmb<\/td>\n

+0.42 mmb<\/TD>
\n
<\/DIV><\/TD>
\n
<\/p>\n

-0.41 mmb <\/p>\n

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

206 mmb <\/DIV><\/TD>
\n <\/TR>
\n
Distillate<\/STRONG><\/DIV><\/TD>
\n
+1.20 mmb<\/TD><\/p>\n\n

126.13 mmb<\/p>\n<\/td>\n

+2.37 mmb<\/TD>
\n
<\/DIV><\/TD>
\n
+2.59 mmb <\/DIV><\/TD>
\n
126 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

Original post:\u00a0
\nCrude and Gasoline Stocks Declined More than Expected<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

According to the DOE\/EIA weekly report, total crude oil and petroleum products stocks slipped -4.58 mmb to 1099.73 mmb in the week ended August 10. Crude stockpile decreased -3.70 mmb to 366.16 mmb as stockpiles dropped 3 out of 5 PADDs. Cushing stock gained +0.90 mmb to 45.20 mmb. Utilization rate stayed unchanged at 92.6%. Gasoline inventory slipped -2.37 mmb to 203.70 mmb as demand gained +5.31% to 9.31M bpd. Production rose +1.16% to 9.36M bpd while imports soared +0.79% to 0.79M bpd. Distillate inventory rose +0.68 mmb to 124.22 mmb as demand slipped -5.83% to 3.57M bpd. Imports climbed +54.93% to 0.10M bpd while production fell -0.64% to 4.67M bpd during the week. Weekly change in inventory as of 10\/08\/12 Actual Change Consensus Previous Crude oil 366.16 mmb -3.70 mmb -1.50 mmb -3.73 mmb Gasoline 203.70 mmb -2.37 mmb -2.00 mmb -1.80 mmb Distillate 124.22 mmb +0.68 mmb -0.28 mmb -0.72 mmb Comparison between API and EIA reports: API Aug 10) EIA (Aug 10) Actual Inventory Previous Forecast (using API's inventory level) Inventory Crude oil +2.78 mmb 367.09 mmb -5.35 mmb -2.77 mmb 367 mmb Gasoline -2.00 mmb 205.66 mmb +0.42 mmb -0.41 mmb 206 mmb Distillate +1.20 mmb 126.13 mmb +2.37 mmb +2.59 mmb 126 mmb <\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lightning_design_setting":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16482","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\/16482","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=16482"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/16482\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=16482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=16482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=16482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}