BoeingBoy
Veteran
- Nov 9, 2003
- 16,512
- 5,865
- Banned
- #1
Sorry for the delay - working Tues-Fri puts a crimp in my fun....
I'm sure that everyone that's interested already knows that crude prices have fallen to about $70/bbl this week, following the period covered by this report. From snippets I caught while on my trip, it appears that the gasoline supply was unexpectedly up and this was a major factor in the crude price decline.
On to the numbers for the week ending 4/28/06...
Domestic crude production was 5,122,000 bbls/day, down slightly (5,000 bbls/day) from the previous week.
Crude oil imports (excluding SPR) were 9,811,000 bbls/day, down 53,000 bbls/day. Imports of all petroleum products, including crude, was 12,737,000 bbls/day.
Refinery crude oil inputs were 15,043,000 bbls/day. Refinery utilization was 88.8%, the highest since Jan.
According to the EIA, the world average price for curde oil on 4/28/06 was $66.85 vs $71.80 for WTI-Cushing.
Now for jet fuel numbers....
Domestic production was 1,429,000 bbls/day while another 262,000 bbls/day was imported.
Jet feul stockpiles stood at 41,574,000 bbls on 4/28/06, while jet fuel supplied was 1,665,000 bbls/day. The 4-week average demand was up 4.1% over the comparable period last year.
For prices, let's start with the Platt's data for regions of the world. This is per gallon FOB the refinery.
Europe & CIS $2.112
North America $2.134
Asia & Oceania $2.081
Middle East & Africa $2.037
Latin & Central America $2.128
For the domestic market, the spot prices were:
NY Harbor $2.180
Gulf Coast $2.165
Los Angeles $2.310
WTI-Cushing $70.38/bbl
The closing price of WTI-Cushing on 6/5/06 was $70.19/bbl
Finally, the usual chart which has been updated with the April average spot prices.
View attachment 4822
Jim
I'm sure that everyone that's interested already knows that crude prices have fallen to about $70/bbl this week, following the period covered by this report. From snippets I caught while on my trip, it appears that the gasoline supply was unexpectedly up and this was a major factor in the crude price decline.
On to the numbers for the week ending 4/28/06...
Domestic crude production was 5,122,000 bbls/day, down slightly (5,000 bbls/day) from the previous week.
Crude oil imports (excluding SPR) were 9,811,000 bbls/day, down 53,000 bbls/day. Imports of all petroleum products, including crude, was 12,737,000 bbls/day.
Refinery crude oil inputs were 15,043,000 bbls/day. Refinery utilization was 88.8%, the highest since Jan.
According to the EIA, the world average price for curde oil on 4/28/06 was $66.85 vs $71.80 for WTI-Cushing.
Now for jet fuel numbers....
Domestic production was 1,429,000 bbls/day while another 262,000 bbls/day was imported.
Jet feul stockpiles stood at 41,574,000 bbls on 4/28/06, while jet fuel supplied was 1,665,000 bbls/day. The 4-week average demand was up 4.1% over the comparable period last year.
For prices, let's start with the Platt's data for regions of the world. This is per gallon FOB the refinery.
Europe & CIS $2.112
North America $2.134
Asia & Oceania $2.081
Middle East & Africa $2.037
Latin & Central America $2.128
For the domestic market, the spot prices were:
NY Harbor $2.180
Gulf Coast $2.165
Los Angeles $2.310
WTI-Cushing $70.38/bbl
The closing price of WTI-Cushing on 6/5/06 was $70.19/bbl
Finally, the usual chart which has been updated with the April average spot prices.
View attachment 4822
Jim
