The Oil Drum

133 comments on Bourse! Bourse! Bourse! Bourse!

Comments can no longer be added to this story.

dipchip on January 25, 2006 - 7:50pm

Off Subject: Has anyone noticed distillate stocks, this week, are way up, demand is down, and imports are way up, production is above normal. Does this mean anything?! Is there a plan here?
http://tonto.eia.doe.gov/oog/info/twip/twip_distillate.html

Comments can no longer be added to this story.

IrishD on January 25, 2006 - 8:00pm

Related: I don't know if we have already discussed this, but what is the deal with EIA and API numbers differing, specifically in terms of distillate stocks.

This weeks inventories report via Forbes

Comments can no longer be added to this story.

Agric on January 25, 2006 - 9:07pm

Relevent companies are mandated by law to report such statistics to the EIA, whereas reporting to the API is volutary and less companies contribute to the API data. Generally the EIA figures are considered more accurate.

Comments can no longer be added to this story.

westexas on January 25, 2006 - 8:01pm

Crude oil imports have been falling for several weeks. Distillate stocks are probably up because of warm weather.

Comments can no longer be added to this story.

Agric on January 25, 2006 - 8:05pm

To me that indicates that the majority of refineries are still set up to produce distillates (heating oil, diesel etc) rather than gasolene. They will begin to switch back to gasolene as the predominant product (those that can) in the near future ready for summertime changes in demand. More surprising is the rise in gasolene stocks, particularly when recent demand for gasolene is 0.9% up on the same period last year and refineries are only running at about 86% of their absolute capacity (some is still offline due to the hurricanes) according to numbers I saw today.