U.S. Crude-Oil Inventories Likely to Fall in DOE Data, Analysts Say -- Update
21 Setembro 2021 - 6:11PM
Dow Jones News
By Dan Molinski
U.S. crude-oil stockpiles are unanimously expected to have
decreased last week from the previous week in data due Wednesday
from the U.S. Energy Department, according to a survey of analysts
and traders by The Wall Street Journal.
Estimates from 11 analysts and traders showed U.S. oil
inventories are projected to have fallen by 2.4 million barrels in
the week ended Sept. 17, with forecasts ranging from decreases of
500,000 barrels to 4.7 million barrels.
The closely watched survey from the DOE's Energy Information
Administration is scheduled for release at 10:30 a.m. ET
Wednesday.
Gasoline stockpiles are expected to fall by 1 million barrels
from the previous week, according to analysts. Estimates range from
a decrease of 5 million barrels to an increase of 2.5 million
barrels.
Stocks of distillates, which include heating oil and diesel, are
expected to fall 900,000 barrels from the previous week. Forecasts
range from a decrease of 4 million barrels to an increase of 1.9
million barrels.
Refinery use likely rose by 1.8 percentage points to 83.9% of
capacity. Forecasts range from a decline of 3 percentage points to
an increase of 3.9 percentage points. Two analysts didn't make a
forecast.
The American Petroleum Institute, an industry group, said late
Tuesday that its own data for the week showed a 6.1-million-barrel
decrease in crude supplies, a 432,000-barrel fall in gasoline
stocks and a 2.7-million-barrel drop in distillate inventories,
according to a source.
Refinery
Crude Gasoline Distillates Use
Again Capital -2.8 -1.6 -1.1 1.9
Citi Futures -4.5 -2.5 -1.5 2.5
Commodity Research Group -4.4 -0.6 -1.8 3.6
Confluence Investment Management -1 2.5 1 2.5
DTN -1.8 1.1 -0.8 3.5
Excel Futures -1.9 -1.5 -0.9 -0.5
Spartan Capital Securities -1.2 -1.6 1.9 n/f
Mizuho -2 -1 -1 2
Price Futures Group -4.7 -5 -4 -3
Ritterbusch and Associates -0.5 -1.0 -1.0 3.9
Tradition Energy -2 0.3 -0.3 n/f
AVERAGE -2.4 -1.0 -0.9 1.8
Note: Numbers in millions of barrels, with the exception of
refinery use, which is in percentage points.
n/f = no forecast
Write to Dan Molinski at dan.molinski@wsj.com
(END) Dow Jones Newswires
September 21, 2021 16:56 ET (20:56 GMT)
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