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28 comments on Taking a look at the First Quarter graphs

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Robert Rapier on April 6, 2006 - 7:51am Permalink | Subthread | Parent | Comments top
I am going to ask our inventory guy today whether he has to supply API and sulfur content when he turns in our inventory numbers. That is an interesting question.

RR

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Robert Rapier on April 6, 2006 - 10:32am Permalink | Subthread | Parent | Comments top
My inventory guy showed me a copy of what he sends in every month to the EIA. It does contain information on API and sulfur content, so they do have the information.

I don't really see a heavy sour build as an issue, though. If refineries are building inventories of heavy sour crude, that means they must be configured to process it. You don't build heavy sour if you aren't. The yields from heavy sour crudes are not substantially different than from light sweet crudes as long as the refinery is configured for a heavy sour slate.

RR

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Robert Rapier on April 6, 2006 - 4:00pm Permalink | Subthread | Parent | Comments top
I guess there is one other issue I wasn't considering. Heavy crudes will limit capacity. So, if the crudes that are building are in general heavy (and/or sour) there will be a reduction in throughput, and therefore a reduction in the production of gasoline and diesel.
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DuncanK on April 6, 2006 - 5:17pm Permalink | Subthread | Parent | Comments top
That's interesting. I wonder if it's possible to get this information from the EIA. Anybody here think they might be able to get hold of this data?
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