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177 comments on DrumBeat: October 11, 2007

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Michael on October 11, 2007 - 11:36am Permalink | Subthread | Parent | Comments top

Why are distillate inventories decreasing? Doesn't that include heating oil? Shouldn't they be building stocks this time of year?

I thought this section was interesting:

Total products supplied over the last four-week period has averaged 20.5 million
barrels per day, unchanged compared to the similar period last year. Over the last
four weeks, motor gasoline demand has averaged 9.2 million barrels per day, or 0.4
percent below the same period last year. Distillate fuel demand has averaged 4.2
million barrels per day over the last four weeks, up 1.3 percent compared to the
same period last year. Jet fuel demand is down 4.6 percent over the last four weeks
compared to the same four-week period last year.

Gasoline and Jet fuel demand down from last year.

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PeakTO on October 11, 2007 - 3:47pm Permalink | Subthread | Parent | Comments top

My thoughts exactly.

Crude down as well!

Gasoline desperately needed a boost, maybe they diverted some production?

However, Distillates are very low over last year - 13.2 MILLION barrels lower than last year. 3.14 production days less.

And propane, which had a small build, is still 10.7 Million barrels lower than 2006.

UP this week to 74 Million barrels less petroleum stock than 2006, in the US. (Approx. 35 VLCC tankers worth)

Yeah right, it's speculators. (sorry carryover from previous posts - baggage)

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177 comments on DrumBeat: October 11, 2007

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