US latest oil supply and demand situation analysis report

The U.S. Department of Energy Information released the US oil inventories data last week at 11 am local time on October 13, 2011 and at 11 pm on October 13th, Beijing time. The U.S. Energy Information Administration believes that as of the week of October 7, 2011, US crude oil inventories increased and refined oil inventories fell.

The total amount of US refinery processing was 14.5 million barrels per day, a decrease of 563,000 barrels from the previous week; the refinery capacity utilization rate was 84.2%, which was a decrease of 3.5% from the previous week. Gasoline production in the United States increased, with an average daily output of 8.9 million barrels; distillate production rose slightly, with an average daily output of 4.4 million barrels.

Last week, crude oil imports from the United States averaged 9.1 million barrels per day, an increase of 386,000 barrels from the previous week. The average amount of gasoline imported last week was 418,000 barrels per day; the average amount of distillate imports was 117,000 barrels per day. In the past four weeks, US crude oil imports averaged 9 million barrels per day, which was 115,000 barrels higher than the same period last year.

U.S. commercial crude oil inventories (excluding petroleum strategic reserves) was 376.728 billion barrels, an increase of 1.34 million barrels over the previous week. Inventories were at the upper limit of the average range of the five-year period; US gasoline inventories totaled 2.09595 billion barrels, a decrease of 4.13 million barrels from the previous week. Gasoline inventories are located at the upper limit of the average range of five years; stocks of new-formulated gasoline increased by 10,000 barrels, conventional gasoline stocks fell by 2.76 million barrels, mixed gasoline stocks decreased by 1.38 million barrels, and fuel ethanol stocks decreased by 470,000 barrels. Distillate stocks stood at 1.54005 billion barrels, down 293 million barrels from the previous week, and inventory was in the upper bound of the five-year average range, with heating oil stocks falling by 850,000 barrels. Propane/propylene stocks increased by 420,000 barrels. The US petroleum strategic reserve is 6.995956 billion barrels. The total commercial inventory in the United States dropped by 1.4 million barrels, which is higher than the five-year average limit.

The average daily supply of petroleum products in the United States has been 18.984 million barrels in the recent four weeks, which is 0.5% lower than the same period of last year. Among them, the average daily gasoline demand was 8.984 million barrels, which was 0.7% lower than that of the same period of last year, and the average daily volume of distillate demand was 3.965 million barrels. It was 5.6% higher than the same period last year. The daily average of aviation fuel demand for kerosene was 1.9% lower than the same period last year. Last week, the daily demand for gasoline in the United States was 901 barrels, which was 52,000 barrels higher than the previous week. The average daily demand for distillates was 4,068,000 barrels, which was 32,000 barrels lower than the previous week.

Prior to the American Petroleum Institute, the US crude oil inventories and refined oil inventories fell. As of the week of October 7, 2011, the US crude oil inventory was 3.40424 billion barrels, a decrease of 3.805 million barrels from the previous week; gasoline inventory was 2.1120 billion barrels, a decrease of 1.193 million barrels from the previous week; distillate oil stocks were 151.9 million barrels, a decrease of 311.9. Millions of barrels; Crude oil imports averaged 9.272 million barrels per day, an increase of 189,000 barrels; the plant operating rate was 83.4%, a decrease of 1.5% from the previous week.