Petroleum Update for Week Ending 5/26/06

[BoeingBoy]

Domestic crude oil production averaged 5,088,000 bbls/day for the week, down 5,000 bbls/day vs the week before. Net imports were 10,842,000 bbls/day, up 1,285,000 bbls/day from the previous week.

The domestic crude stocks stood at 345,500,000 bbls on 5/26/06, down 400,000 bbls from the week before.

Crude inputs to refineries averaged 15,519,000 bbls/day, up 186,000 bbls/day from the previous week. Refineries operated at 91.4% of capacity, up 1,7% from the prior week.

Domestic jet fuel production was 1,422,000 bbls/day, up 30,000 bbls/day from the week before. Imports of jet fuel were 345,000 bbls/day, up 89,000 bbls/day from the previous week.

Jet fuel supplied averaged 1,661,000 bbls/day, down 84,000 bbls/day.

Jet fuel stocks stood at 40,100,000 bbls on 5/26/06, up 600,000 bbls from the previous week.

Spot prices on 5/26/06 were:
NY Harbor Jet - $2.1150
Gulf Coast Jet - $2.0760
Los Angeles Jet - $2.2250
WTI-Cushing Crude - $71.35/bbl

Closing WTI-Cushing price on 7/2/06 = $72.33/bbl

Platt's jet fuel prices for world regions:
Europe & CIS - $2.1140
North America - $2.1150
Asia & Oceania - $2.0820
Middle East & Africa - $2.0340
Latin & Central America - $2.0940

Finally, the usual chart but updated with the May average spot prices:

View attachment 4920

Jim