The Oil Drum | Trying to stay afloat in deepwater

27 comments on Trying to stay afloat in deepwater

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Murray on October 26, 2005 - 11:18am

Yeah, but that's not demand, it's supply. With the arrival of European gasoline it looks like the refiners have switched back to distillate to replenish those depleted retail stocks. It's clear that we now lack the capacity to supply total demand for both gasoline and distillate. Murray

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Peatey on October 26, 2005 - 12:14pm

fireangel, where do you find the 4.25? The most recent number for 10/21 I can find is 4.293. The 4-week average ending 10/21 is 4.034, which is not higher than 2004 4-week average of 4.093.

PRODUCT SUPPLIED 9/30, 10/7, 10/14, 10/21
Distillate Fuel Oil 4,034 3,909 3,900 4,293

Murray, please enlighten me if I'm mistaken. The EIA appears to be including imports and stock changes in calculating the Product Supplied, the two factors that many of us here are looking at. Why is this not a good estimate of demand?

EIA Definitions

Product Supplied : Approximately represents consumption of petroleum products because it measures the disappearance of these products from primary sources, i.e., refineries, natural gas processing plants, blending plants, pipelines, and bulk terminals. In general, product supplied of each product in any given period is computed as follows: field production, plus refinery production, plus imports, plus unaccounted for crude oil, (plus net receipts when calculated on a PAD District basis), minus stock change, minus crude oil losses, minus refinery inputs, minus exports.

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27 comments on Trying to stay afloat in deepwater

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