EIA, API Show Crude Stock Builds

Published March 22nd, 2001 - 02:00 GMT

Weekly reports from the American Petroleum Institute (API) and the Energy Information Administration (EIA), the statistical arm of the U.S. Department of Energy (DOE), released on March 20th and 21st showed rising crude inventories for the week ended March 16th.  

 

The API found crude stocks climbing 7.6 million barrels to 292.9 million barrels, down 283,000 barrels from the same period a year earlier.  

 

Gasoline stocks fell 1.7 million barrels to 198 million barrels, down 189,000 barrels from 2000. Distillate stocks plunged 3.1 million barrels to 110.8 million barrels, an increase of 7.1 million barrels over last year.  

 

The API found refinery utilization for the week of 91.3 percent, compared with 89.5 percent a week ago and 90.1 percent last year. 

 

The EIA reported crude stocks rising 5 million barrels to 290.3 million barrels, down 2.3 million barrels from the same period a year ago.  

 

Gasoline stocks slid 3.4 million barrels to 198.2 million barrels, down 4.7 million barrels from 2000. Distillates dropped 3.6 million barrels to 110.7 million barrels, an increase of 10 million barrels over last year, while heating oil inventories lost 2.6 million barrels to 40.9 million barrels, an increase of 2 million barrels over a year ago.  

 

The EIA found refinery utilization for the week of 92.2 percent, compared with 91.1 percent a week ago. 

(oilnavigator)  

© 2001 Mena Report (www.menareport.com)

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