Thursday, February 18, 2010

EIA Weekly Petroleum Status Report: Talking Points

  • Crude oil stocks ↑3.1 million barrels nationally, including a 4.7 million barrel increase in the Gulf Coast region after imports ↑206,000 bpd
  • Distillate fuel oil inventories ↓2.9 million barrels on the cold weather, though stocks remain 12.5 million barrels above levels one year ago
  • Motor gasoline production ↓379,000 bpd and imports ↓459,000 bpd as suppliers react to tepid shoulder season demand
  • Refinery utilization rose by 0.7% to 79.8%, implying that at least 3.6 million bpd of US capacity remains idle due to weak product cracks

Consumer Hedge Tear Sheet: February 18th