Weekly EIA Oil Inventories Report: Gasoline Build, Oil and Distillate Draws, and Prices are Mixed‏

The Energy Information Administration (EIA) has issued its weekly oil inventories report for the week ending Friday, October 28. Comparisons of the earlier and less-followed API report, projections for this week’s EIA report, and today’s EIA report are shown below.   This report is “bullish” as most inventories were materially less robust than projected.

Upon the EIA report release, light crude oil was trading $93.02 per barrel, up $.83 from yesterday’s close for December.   Natural gas for December was trading at $3.77 per MMBtu, down $.01 from yesterday’s close.

Analysts anticipate this week’s natural gas storage report from the EIA will show a build ranged from 59 Bcf to as much as 75 Bcf, compared to a 35-Bcf five year-average injection and a 67-Bcf build in the same week in 2010.

Weekly Oil Inventories Reports for the Week Ending Friday October 28, 2011
Million Barrels API Report Projections EIA Report
Crude Oil
-0.2 0.9 -1.8
Gasoline -1.1 -1.8 1.4
Distillate -3.4 -1 -3.6
Advertisements

Crude Oil Build, Gasoline and Distillate Draws and Prices are Down‏

The Energy Information Administration (EIA) has issued its weekly oil inventories report for the week ending Friday, October 21.  Comparisons of the earlier and less-followed API report, projections for this week’s EIA report, and today’s EIA report are shown below.This report is “bearish” as crude oil inventories were greater than projected.

Upon the EIA’s report release, light crude oil was trading $92.16 per barrel, down $1.01 from yesterday’s close for December. Natural gas for November was trading at $3.631 per MMBtu, down $.027 from yesterday’s close.

Analysts anticipate this week’s natural gas storage build from the EIA will show a net build in the upper 80s billion cubic feet (Bcf.) The build will compare with a five-year average injection of 47 Bcf and a 74-Bcf injection reported for the same week in 2010.

Weekly Oil Inventories Reports for the Week Ending Friday October 21, 2011
Million Barrels API Report Projections EIA Report
Crude Oil
2.7 1.7 4.7
Gasoline 0.2 -2 -1.4
Distillate -1.8 -1.5 -4.3

Weekly Oil Inventories Reports for the Week Ending Friday October 14, 2011

The Energy Information Administration (EIA) has issued its weekly oil inventories report for the week ending Friday, October 14.   Comparisons of the earlier and less-followed API report, projections for this week’s EIA report, and today’s EIA report are shown below.   This report is “bullish” as inventories were materially less robust than projected.

Weekly Oil Inventories Reports for the Week Ending Friday October 14, 2011
Million Barrels API Report Projections EIA Report
Crude Oil -3.1 2 -4.7
Gasoline -1.6 -1 -3.3
Distillate -2.2 -1.2 -4.3

Upon the EIA’s report release, light crude oil was trading $89.13 per barrel, up $.79 from yesterday’s close for November. Natural gas for November was trading at $3.60 per MMBtu, up $.05 from yesterday’s close.

Analysts anticipate this week’s natural gas storage build from the EIA will show a build ranging from 100 Bcf to 131 Bcf, which will compare to a 58-Bcf five-year average injection and the 93-Bcf build recorded for the same week in 2010. This week’s storage injection will follow the 112-Bcf injection reported October 13 that brought working gas inventories to 3,521 Bcf, 56 Bcf less than last year and 68 Bcf above the five-year average of 3,453 Bcf

Oil inventories materially less robust than projected

The Energy Information Administration (EIA) has issued its weekly oil inventories report for the week ending Friday, September 30. The EIA’s report is attached. Comparisons of the earlier and less-followed API report, projections for this week’s EIA report, and today’s EIA report are shown below. This report is “bullish” as inventories were materially less robust than projected.

   Weekly Oil Inventories Reports for the Week Ending Friday September 30, 2011

Million Barrels

API Report

Projections

EIA Report

Crude Oil

-3.1

2.0

-4.7

Gasoline

-5.0

0.8

-1.1

Distillate

-2.0

0.5

-0.7

Upon the EIA’s report release light crude oil was trading $78.12 per barrel, up $2.43 from
yesterday’s close for November. Natural gas for November …

Receive a FREE one-month subscription to the full versions of all of Jackson’s up-to-the minute energy news.

Weekly Oil Inventory Report

Weekly Oil Inventory Report

Map from a Past Weekly Oil Inventory Report

My Weekly Oil Inventory Report is  a recital of the American Petroleum Institute and U.S. Energy Information Administration’s weekly oil inventory reports, comparison to expectations, and outlook for hydrocarbon prices.

Please click here to receive the Weekly Oil Inventory Report FREE for one month.