Petroleum Update for Week Ending 6/9/06

[BoeingBoy]

Better late than never, I guess.....

For the week ending 6/9/06:

Domestic crude oil production averaged 5,211,000 bbls/day, up 114,000 bbls/day WoW.

Crude oil imports averaged 10,547,000 bbls/day, down 334,000 bbls/day WoW.

Domestic stocks of crude oil were 345,666,000 bbls at weeks end (excluding SPR), down 2,920,000 bbls WoW.

Refinery crude oil inputs averaged 15,830,000 bbls/day, up 196,000 bbls/day WoW.

Refineries operated at 92.73% utilization for the week, compared to 90.97% in the prior week.

Production of jet fuel averaged 1,524,000 bbls/day, up 57,000 bbls/day WoW.

Imports of jet fuel averaged 100.000 bbls/day, down 121,000 bbls/day WoW.

Jet fuel supplied averaged 1,698,000 bbls/day for the week, up 193,000 bbls/day WoW.

Domestic stocks of jet fuel were 40,384,000 bbls at weeks end, down 753.000 bbls WoW.

Spot prices for 6/9/05 | 6/9/06:

NY Harbor jet - $1.6984 | $2.1878
Gulf Coast jet - $1.6646 | $2.2178
Los Angeles jet - $1.7350 | $2.2578
WTI Cushing crude - $54.36 | $71.62

WTI Cushing prices fell sharply the first of this week, after the period covered by the EIA report. According to Bloomberg, today's (6/15/06) closing spot price was $69.50

From Platt's, the regional spot jet fuel prices on 6/9/06:

Europe & CIS - $2.1290
North America - $2.2300
Asia & Oceania - $2.0720
Middle East & Africa - $2.0420
Latin & Central America - $2.2550

The same chart as last week, and I just noticed that I didn't label the prices - they're per gallon for both jet and WTI:

View attachment 4939

Jim