US crude, product inventories probably fell final week: Reuters ballot

(Reuters) – U.S. crude oil and gasoline stockpiles are anticipated to have fallen final week, an prolonged Reuters ballot confirmed on Tuesday.

5 analysts polled by Reuters estimated on common that crude inventories fell by about 1.9 million barrels within the week to Dec. 20.

Crude inventories fell by 934,000 barrels to 421 million barrels within the week ended Dec. 13, the EIA stated, in contrast with analysts’ expectations in a Reuters ballot for a 1.6-million-barrel draw.

  REUTERS FORECAST ACTUAL FOR PREVIOUS WEEK YR-AGO CHANGE

  CHANGE FOR WEEK WEEK (EIA) CHANGE WEEK ENDED

        ENDED ENDED  12/22/23

12/20/24 12/13/24

CRUDE  -1.9 MLN 421 -0.9 MLN -7.1 MLN

DISTILLATE -0.3 MLN 118.2   -3.2 MLN  0.7 MLN

GASOLINE -1.1 MLN 222 2.3 MLN -0.7 MLN

REFINERY RUNS   -0.4 PCT PT 91.8 -0.6 PCT PT   0.9 PCT PT

NATGAS STORAGE -100 BCF TO -99 BCF (SIX FORECASTS)

FORECAST

Analysts estimated stockpiles of gasoline fell by about 1.1 million barrels final week, whereas distillate inventories, which embrace diesel and heating oil, had been anticipated to have decreased by about 300,000 barrels.

The speed of refinery utilization was estimated to have decreased by 0.4 proportion level from 91.8% of whole capability within the earlier week, the ballot discovered.

U.S. crude oil and distillate shares fell, whereas gasoline shares rose final week, market sources stated, citing American Petroleum Institute figures on Tuesday.

Crude shares fell 3.2 million barrels within the week ended Dec. 20, the sources stated on situation of anonymity. Gasoline inventories rose by 3.9 million barrels, and distillate shares fell by 2.5 million barrels, they stated.

The ballot was carried out forward of a report from the American Petroleum Institute trade group at 4:30 p.m. EST (2130 GMT) on Tuesday and one from the Vitality Info Administration, the statistical arm of the U.S. Division of Vitality, at 1 p.m. EST (1800 GMT) on Friday.

The EIA’s weekly report, which is often launched on Wednesday, was delayed till Friday because of the Christmas vacation.

All figures for shares are in tens of millions of barrels. Refinery-rate adjustments are measured in proportion factors. 

Group Crude Distillate Gasoline Refinery

runs

LSEG 1.5 -0.7 0.5 -0.4

Macquarie Group (OTC:MQBKY) -3.8 0.9 2.5

Worth Futures Group -3.0 -3.0 -3.0 -1.0

Ritterbusch Associates -2.0 1.9 -1.0 -0.4

Rystad Vitality -0.6 -1.1 -2.7 0.3