DOE Insights, April 18, 2018
Crude Oil Stocks Draw, Greater than Expectations
The DOE reported Total Crude inventories decreased by 1.1 million barrels to 427.6 million barrels for the week ending April 13, 2018. Expectations average was for a draw of 200,00 barrels, with a range of 2.5 million draw to a build of 3.5 million barrels.
Overall hydrocarbon supplies decreased by 10.6 million barrels.
Crude Production was basically unchanged at 10.5 million barrels per day.
Total Crude Imports dropped by .8 million barrels per day to 7.9 million barrels per day.
Total Refinery Crude Runs were off by 70,000 barrels per day to 16.95 million barrels per day.
Gasoline Stocks Draw, Much Greater than Expectations
Total MotorGasoline Inventories decreased by 3.0 million barrels to 236.0 million barrels for the week ending April 13, 2018, average of expectations was for a draw of .9 million barrels, with a range of a draw of 2.9 million barrels to a build of 1.0 million barrels.
Implied Demand was up by 150,00 barrels per day at 11.33 million barrels per day.
Gasoline production was up by 50,000 barrels per day to 10.20 million barrels per day.
Distillates Stocks Draw, Much Greater Than Expectations
Total Distillates Stocks decreased by 3.1 million barrels to 125.3 million barrels for the week ending April 13, 2018, average of expectations was for a draw of .5 million barrels, with a range from a 2.4 million draw to a 1.7 million barrel build.
Total Distillates Production was off by 160,000 barrels per day to 5.09 million barrels per day.
Total Distillates Implied Demand was up by 110,000 barrels per day to 5.64 million barrels per day.
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