Thursday July 31, 2014



Energy Department says US crude oil and supplies shrank last week, gasoline rose

NEW YORK, N.Y. - The United States' crude oil supplies decreased last week, the government said Wednesday.

Crude supplies fell by 1 million barrels, or 0.3 per cent, to 360.3 million barrels, which is 8.8 per cent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.

Analysts expected an increase of 2.5 million barrels for the week ended Jan. 11, according to Platts, the energy information arm of McGraw-Hill Cos.

Gasoline supplies grew by 1.9 million barrels, or 0.8 per cent, to 235 million barrels. That's 3.3 per cent more than year-ago levels. Analysts expected gasoline supplies to rise by 3 million barrels.

Demand for gasoline over the four weeks ended Jan. 11 was 0.6 per cent less than a year earlier, averaging 8.4 million barrels a day.

U.S. refineries ran at 87.9 per cent of total capacity on average, down 1.2 percentage points from the prior week. Analysts expected capacity to fall to 89 per cent.

Supplies of distillate fuel, which include diesel and heating oil, rose by 1.7 million barrels to 132.4 million barrels. Analysts expected distillate stocks to increase by 1.6 million barrels.


Comments


NOTE: To post a comment in the new commenting system you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Yahoo, OpenID. You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

The Pipeline News North welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. For further information, please contact the editor or publisher, or see our Terms and Conditions.

blog comments powered by Disqus


About Us | Advertise | Contact Us | Sitemap / RSS   Glacier Community Media: www.glaciermedia.ca    © Copyright 2014 Glacier Community Media | User Agreement & Privacy Policy

LOG IN



Lost your password?