US crude, gasoline inventories likely fell last week, distillate seen up
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Nov 27 (Reuters) -U.S. crude oil and gasoline stockpiles were expected to have fallen last week while distillate inventories likely rose, an extended Reuters poll showed on Tuesday.
Eight analysts polled by Reuters estimated on average that crude inventories fell by about 600,000 barrels in the week to Nov. 22.
The poll was conducted ahead of a report from the American Petroleum Institute industry group at 4:30 p.m. EST (2130 GMT) on Tuesday and one from the Energy Information Administration, the statistical arm of the U.S. Department of Energy, at 10:30 a.m. EST (1530 GMT) on Wednesday.
Crude inventories rose by 545,000 barrels to 430.3 million barrels in the week ended Nov. 15, the EIA said, compared with analysts' expectations in a Reuters poll for a 138,000-barrel rise.
REUTERS FORECAST CHANGE FOR WEEK ENDED 11/22/24 | ACTUAL FOR WEEK (EIA) ENDED 11/15/24 | PREVIOUS WEEK CHANGE | YR-AGO CHANGE WEEK ENDED 11/24/23 | |
CRUDE | -0.6 MLN | 430.3 | 0.5 MLN | 1.6 MLN |
DISTILLATE | 0.1 MLN | 114.3 | -0.1 MLN | 5.2 MLN |
GASOLINE | -0.05 MLN | 208.9 | 2.1 MLN | 1.8 MLN |
REFINERY RUNS | 0.4 PCT PT | 90.2 | -1.2 PCT PT | 2.8 PCT PT |
NATGAS STORAGE FORECAST | -11 BCF TO 6 BCF (EIGHT FORECASTS) | |||
Analysts estimated stockpiles of gasoline USOILG=ECI fell by about 50,000 barrels last week, while distillate inventories USOILD=ECI, which include diesel and heating oil, were expected to have increased by about 100,000 barrels.
The rate of refinery utilization USOIRU=ECI was estimated to have increased by 0.4 percentage point from 90.2% of total capacity in the previous week, the poll found.
All figures for stocks are in millions of barrels. Refinery-rate changes are measured in percentage points.
Organization | Crude | Distillate | Gasoline | Refinery runs |
Again Capital | 1.6 | -1.9 | -2.7 | -1.1 |
Commodity Research Group | -1.0 | -0.4 | -0.4 | 0.4 |
Confluence Group | 1.5 | 2.5 | 1.0 | 0.4 |
LSEG | -1.1 | 0.5 | 0.7 | 0.1 |
Macquarie Group | -5.8 | -0.1 | -1.3 | 0.4 |
Ritterbusch Associates | 1.7 | 0.6 | -1.0 | 1.5 |
Rystad Energy | -2.2 | 1.0 | 1.6 | -0.7 |
Stratas Advisor | -2.4 | -1.0 | 0.7 | 1.8 |
Reporting by Anmol Choubey in Bengaluru; editing by Jonathan Oatis
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