Weekly US Petroleum and NG Supply Reports (Current)

SteinarN

I just want to say thank you to pup55, DantesPeak and others contributing to this thread. I follow this thread closely, especially on wednesdays when the weekly estimates is made public.

eastbay

I wonder if there's a way to determine if traffic increases significantly on this thread during the few hours before 10:35 am Eastern.
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TheDude

Looks like it's the other way around.
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Ming · Heavy Crude Joined: Aug 26, 2005 Posts: 271

bl00k

http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/weekly_petroleum_status_report/current/txt/wpsr.txt

Crude -1,5
Gas -5,9 (178,7 million barrels in stock)
Dist -4,2
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AirlinePilot

I call BS. Just plain BS.

WHERE IS THE EXTRA FUEL COMING FROM????? What happened to the 8.5 mb draw they were talking about last weekend?

I cant seem to make any of the reported shortage numbers jibe with the reports last week and this week. PPT is manipulating data to avoid major market volatility and more panic gasoline buying. I wonder if it's going to work?

Atlanta, Nashville, and points all around here, especially NC, are in dire straights. From my perspective just South of the ATL, things are getting worse, not better.

I'm completely and totally convinced there is some book cooking going on at this point.

pup55 · Expert Joined: May 26, 2004 Posts: 3862

harrybuckman · Coal Joined: Aug 10, 2008 Posts: 16

It isn't going to get better any soon, the refineries in port aruther got flooded. All the electric motors will be f'd, it will take at the very least a month before any sort of restart. I bet you won't see full capacity out of there for at least 3 months

AirlinePilot

When do they(refiners) start concentrating on heating oil vice gasoline? Amidst a potential serious gas shortage issue which one takes precedence?

As pup says, at some point they are going to have to rob Peter to pay Paul. This does not bode well for either inventory due to the fact that we are already late (significantly) in changing over to distillates and woefully short on gasoline supply.

And folks cant see that this is due to PO! Amazing! Shock

Forney2008

And guess what. We still have at least one more month of possible hurricanes to deal with in the Gulf Coast region. I say one month because by the time we get to mid to late October, the water temps can drop below 80 degrees F. along the northern Gulf Coast. This would naturally weaken hurricanes unless they flew over water at rocket speed. Laughing

memmel · Tar Sands Joined: Oct 31, 2007 Posts: 52

nth · Light Sweet Crude Joined: Feb 24, 2005 Posts: 1976

I am puzzled by the gov't and markets. First, we have real world gasoline shortages across the Southern part of US minus Southwest. I expected more people to be complaining and more gov't officials talking about solutions to this. This should be page one news.

Next, market prices for gasoline are low! Why is it not shooting through the roof? Also, why do we have refineries running under capacity for gasoline in Asia and Europe? They should be shipping all extra gasoline to US, but of course, the price is too low.

ROCKMAN

AP,

Usually the FO switch over comes late Aug or early Sept but then often only after any yearly maintenance shut downs occur. I guess we can look at the current situation and call it unexpected seasonal maintenance taking longer than usual. I know just a few folks on the rfining side and none of them will say anything definitive. I don't think they're holding back. I think they honestly just don't know.

Any guess on how much the FO reserves in New England can suppliment any short fall. I don't think I've ever heard the volume mentioned.

retiredguy

What nth said.

I read some blather this morning that gas prices are lower because demand is way down. Yes, I would imagine gas usage might be down for the reason that a large number of people can't buy it.

Are the inmates now fully in charge?