POLL-US crude oil inventories likely fell, gasoline rose last week


REUTERS SCHEDULED CHANGE FOR THE ENDED WEEK 12/17/21

ACTUAL FOR THE WEEK (EIA) ENDED 10/12/21

CHANGE VS PREVIOUS WEEK

YEAR OF CHANGE WEEK ENDED 12/18/20

RAW

-2.8 MLN

428.3 MLN

-4.6 MLN

-0.6 MLN

DISTILLATE

0.0 MLN

123.8 MLN

-2.9 MLN

-2.3 MLN

GASOLINE

0.5 MLN

218.6 MLN

-0.7 MLN

-1.1 MLN

OPERATION OF THE REFINERY

0.6 PCT TP

89.8%

0.0 PCT TP

-1.1 PCT PTS

NATGAS STORAGE FORECAST

-62 BCF A -50 BCF (EIGHT FORECASTS)

December 21 (Reuters) – U.S. crude oil inventories are forecast to have declined for the fourth week in a row, while gasoline inventories rose last week, a expanded Reuters poll on Tuesday.

Eight analysts polled by Reuters estimated on average that crude inventories fell by about 2.8 million barrels in the week to December 17.

Stocks of crude USOILC = ECI fell 4.6 million barrels in the week of Dec. 10 to 428.3 million barrels, more than double expectations in a Reuters poll for a decline of 2.1 million barrels.

The poll was conducted ahead of reports from the American Petroleum Institute, an industry group, due Tuesday at 4:30 p.m. ET (9:30 p.m. GMT) and the EIA, the statistical arm of the U.S. Department of Energy, expected at 10:30 a.m. am EDT (3:30 p.m. GMT) Wednesday.

Analysts have estimated that gasoline stocks USOILG = ECI probably increased by about 500,000 barrels last week.

Distillate inventories USOILD = ECI, which include diesel and fuel oil, were should be unchanged Last week.

The refinery utilization rate USOIRU = ECI was seen rising 0.6 percentage point of 89.8% total capacity for the week ended December 10, the poll found.

All fuel inventory figures are in millions of barrels. The variation in refinery cycles is measured in percentage points.

Organization

Raw

distillate

Gasoline

Refinery races

Once again the capital

-2.7

-1.1

-1.6

-0.4

Commodities Research Group

-1.8

1.2

1.6

1.0

Confluence

-3.0

-0.5

1.5

1.0

DTN

-3.1

1.2

1.4

0.5

IHS Markit

-2.3

0.3

0.8

0.5

Futures price group

-4.0

-2.0

-2.0

0.5

Refinitive

-3.6

0.4

0.2

1.0

Ritterbusch partners

-0.2

-0.1

0.5

0.2

Falling crude inventories in the United States, rising fuel inventories

(Reporting by Kavya Guduru in Bangalore; editing by Dan Grebler)

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


Steve R. Hansen