US crude and distillate inventories possible fell final week, gasoline seen up: Reuters Ballot

(Reuters) – U.S. crude oil and distillate stockpiles are anticipated to have fallen final week and gasoline inventories to have risen, a preliminary Reuters ballot confirmed on Monday.

Three analysts polled by Reuters estimated on common that crude inventories fell by about 3.5 million barrels within the week to Jan. 10.

The ballot was performed 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 Power Data Administration, the statistical arm of the U.S. Division of Power, at 10:30 a.m. EST (1530 GMT) on Wednesday.

Crude inventories fell by 959,000 barrels to 414.6 million barrels within the week ended Jan. 3, the EIA mentioned, in contrast with analysts’ expectations in a Reuters ballot for a draw of 184,000 barrels.

  REUTERS ACTUAL FOR PREVIOUS YR-AGO

  FORECAST WEEK (EIA) WEEK CHANGE

    CHANGE FOR ENDED  CHANGE WEEK ENDED

WEEK ENDED 01/03/25 01/12/24

01/10/25

CRUDE  -3.5 MLN 414.6  -1.0 MLN  -2.5 MLN

DISTILLATE  -1.0 MLN 128.9   6.1  2.4 MLN

MLN 

GASOLINE  2.7 MLN 237.7  6.3 MLN  3.1 MLN

REFINERY -1.0 PCT PT 93.3 0.6 PCT    -0.3

RUNS PT PCT PT

NATGAS -275 BCF TO -227 BCF (SIX FORECASTS)

STORAGE

FORECAST

Analysts estimated stockpiles of gasoline rose by about 2.7 million barrels final week, whereas distillate inventories, which embody diesel and heating oil, had been anticipated to have decreased by about 1 million barrels.

The speed of refinery utilization was estimated to have decreased by 1 proportion level from 93.3% of complete capability within the earlier week, the ballot discovered.

All figures for shares are in hundreds of thousands of barrels. Refinery-rate modifications are measured in proportion factors. 

Group Crude  Distilla Gasolin Refinery

te e runs

Value Futures Group -3.5 -2.5 -2.0 -1.0

Ritterbusch -3.5 -1.0 3.4 -0.7

Associates

Rystad Power -2.0 0.9 2.7 -1.6