DOE data confirming APIs 12 mn bbl draw

Published February 23rd, 2001 - 02:00 GMT
Al Bawaba
Al Bawaba

U.S. DOE data released on Thursday showed US crude draw of 11.9 mn bbls, confirming APIs 12 mn bbl draw. DOE reports reformulated gasoline stocks drew by 500,000 bbl, less than the 1.042 mln bbl draw reported by API.  

 

However, like the API data, DOE numbers show reformulated inventories falling while total gasoline stocks rose. 

 

DOE reports gasoline inventories built by 1.7 mln bbl, an increase larger than the 1.593 mln bbl rise reported by API.  

 

DOE puts total gasoline stocks at 204.6 mln bbl (dn 100,000 bbl from year ago), less than API's total of 205.194 mln bbl (up 8.896 mln bbl from year ago). (BWH) 1402 GMT. 

 

DOE reports a crude inventory draw of 11.9 mln bbl, in line with but less than API's huge decrease of 12.012 mln bbl for the week ended Feb 16.  

 

DOE's total crude stocks of 277.1 mln bbl (dn 10.2 mln bbl from year ago) are lower than API's report of a total of 278.723 mln bbl (dn 5.768 mln bbl from year ago). 

(petroleumworld)  

 

 

© 2001 Mena Report (www.menareport.com)

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