I haven't posted this in ages, but it's getting interesting. Crude stocks are shrinking steadily, even though refiners haven't hit 90% all year. It
looks like global refining capacity has gone up a lot since crude production quit rising. We're importing 800,000 barrels a day less crude than last year,
but more refined product. Refiners margins may not be about to take off again.
Petroleum Stocks % Chg fr
(Million Barrels) 06/06/08 05/30/08 06/06/07 Prev Week Yr Ago
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Crude Oil (Excluding SPR) (9) 302.2 306.8 349.5 -1.5 -13.5
Total Motor Gasoline 210.1 209.1 203.2 0.5 3.4
Reformulated 2.5 2.1 2.1 19.0 19.0
Conventional 103.1 103.5 112.9 -0.4 -8.7
Blending Components 104.5 103.5 88.1 1.0 18.6
Kerosene-Type Jet Fuel 39.9 39.8 41.4 0.3 -3.6
Distillate Fuel Oil (7) 114.0 111.7 124.6 2.1 -8.5
15 ppm sulfur and Under 71.4 70.0 67.9 2.0 5.2
> 15 ppm to 500 ppm sulfur 18.8 18.6 23.2 1.1 -19.0
> 500 ppm sulfur 23.7 23.1 33.5 2.6 -29.3
Residual Fuel Oil 39.5 38.2 36.5 3.4 8.2
Propane/Propylene 38.5 38.0 37.8 1.3 1.9
Unfinished Oils 86.5 86.8 91.9 -0.3 -5.9
Other Oils (10) 138.1 138.1 145.1 0.0 -4.8
Total Stocks (Excl SPR) (7) 968.7 968.4 1,030.0 0.0 -6.0
Crude Oil in SPR (11) 704.3 704.1 690.3 0.0 2.0
Total Stocks (Incl SPR) (7) 1,672.9 1,672.5 1,720.3 0.0 -2.8
Petroleum Stocks % Chg fr
(Million Barrels) 06/06/08 05/30/08 06/06/07 Prev Week Yr Ago
------------------------------------------------------------------------------------
Crude Oil (Excluding SPR) (9) 302.2 306.8 349.5 -1.5 -13.5
Total Motor Gasoline 210.1 209.1 203.2 0.5 3.4
Reformulated 2.5 2.1 2.1 19.0 19.0
Conventional 103.1 103.5 112.9 -0.4 -8.7
Blending Components 104.5 103.5 88.1 1.0 18.6
Kerosene-Type Jet Fuel 39.9 39.8 41.4 0.3 -3.6
Distillate Fuel Oil (7) 114.0 111.7 124.6 2.1 -8.5
15 ppm sulfur and Under 71.4 70.0 67.9 2.0 5.2
> 15 ppm to 500 ppm sulfur 18.8 18.6 23.2 1.1 -19.0
> 500 ppm sulfur 23.7 23.1 33.5 2.6 -29.3
Residual Fuel Oil 39.5 38.2 36.5 3.4 8.2
Propane/Propylene 38.5 38.0 37.8 1.3 1.9
Unfinished Oils 86.5 86.8 91.9 -0.3 -5.9
Other Oils (10) 138.1 138.1 145.1 0.0 -4.8
Total Stocks (Excl SPR) (7) 968.7 968.4 1,030.0 0.0 -6.0
Crude Oil in SPR (11) 704.3 704.1 690.3 0.0 2.0
Total Stocks (Incl SPR) (7) 1,672.9 1,672.5 1,720.3 0.0 -2.8
