Energy Briefing: US Petroleum Products Supplied

Transcription

1 Energy Briefing: US Petroleum Products Supplied December 29, 217 Dr. Edward Yardeni Mali Quintana Please visit our sites at www. blog. thinking outside the box

2 Table Of Contents Table Of Contents Petroleum Imports & Exports 3 Petroleum Products Supplied 4-5 Petroleum Supplied 6-7 Crude Oil Production & Imports 8 Misc Large Speculators: Crude Oil 12 Large Speculators: Gasoline December 29, 217 / US Petroleum Products Supplied www.

3 16 Figure 1. US IMPORTS OF PETROLEUM PRODUCTS (million barrels per day, 4-week ma, nsa) Petroleum Imports & Exports Crude Oil & Petroleum Products (9.8) Crude Oil Including SPR (7.6) Figure 2. US IMPORTS & EXPORTS OF CRUDE OIL & PETROLEUM PRODUCTS (million barrels per day, 4-week ma, nsa) Crude Oil & Petroleum Products Imports (9.8) Exports (6.6) Net Imports (3.2) Page 3 / December 29, 217 / US Petroleum Products Supplied www.

4 US EXPORTS OF PETROLEUM PRODUCTS (million barrels per day, 4-week ma, nsa) Figure 3. Crude Oil & Petroleum Products (6.6) Crude Oil (1.4) Petroleum Products Supplied Figure 4. US PETROLEUM PRODUCTS SUPPLIED (million barrels per day, 52-week ma) Total* (2.1) * Includes motor gasoline, distillate fuel oils, and all other products. Page 4 / December 29, 217 / US Petroleum Products Supplied www.

5 Petroleum Products Supplied Figure 5. US PETROLEUM PRODUCTS: GASOLINE SUPPLIED (million barrels per day, 52-week ma) 9. Gasoline (9.3) Figure 6. US PETROLEUM PRODUCTS: DISTILLATE SUPPLIED (million barrels per day, 52-week ma) Distillate (4.) Page 5 / December 29, 217 / US Petroleum Products Supplied www.

6 8. Figure 7. US PETROLEUM PRODUCTS SUPPLIED (million barrels per day, 52-week ma) Petroleum Supplied Total Less Gasoline & Distillates (6.8) Figure 8. US PETROLEUM PRODUCTS SUPPLIED (million barrels per day, 4-week moving average, sa) 217 (2.6) 216 (19.8) 215 (2.) 214 (2.2) 213 (2.) Values shown are prior years weeks comparable to latest year s week / Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Page 6 / December 29, 217 / US Petroleum Products Supplied www.

7 Figure 9. Petroleum Supplied US PETROLEUM PRODUCTS: GASOLINE SUPPLIED (million barrels per day, 4-week moving average, sa) 217 () 216 (9.) 215 (9.3) 214 () 213 (8.9) Values shown are prior years weeks comparable to latest year s week /17 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Figure 1. US PETROLEUM PRODUCTS: DISTILLATE SUPPLIED (million barrels per day, 4-week moving average, sa) Values shown are prior years weeks comparable to latest year s week / (4.1) 216 (4.) 215 (3.6) 214 (3.9) 213 (3.8) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Page 7 / December 29, 217 / US Petroleum Products Supplied www.

8 Figure 11. US CRUDE OIL FIELD PRODUCTION (million barrels per day, 4-week moving average, sa) Crude Oil Production & Imports Values shown are prior years weeks comparable to latest year s week / (8.) 214 (9.1) 215 (9.1) 216 (8.7) 217 (9.7) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Figure 12. US CRUDE OIL IMPORTS INCLUDING SPR (million barrels per day, 4-week moving average, sa) Values shown are prior years weeks comparable to latest year s week / (7.6) 216 (7.9) 215 (7.8) 214 (7.6) 213 (7.5) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Page 8 / December 29, 217 / US Petroleum Products Supplied www.

9 4 Figure 13. INITIAL UNEMPLOYMENT CLAIMS (thousand, sa, 4-week ma) Misc Texas North Dakota /9 6 9/ Ohio Pennsylvania / /9 1 Source: Bureau of Labor Statistics. 12 Figure 14. INITIAL UNEMPLOYMENT CLAIMS: MAJOR OIL-PRODUCING STATES (thousand, sa, 4-week ma) Total* / * Includes Texas, North Dakota, Ohio, and Pennsylvania. Source: Bureau of Labor Statistics. Page 9 / December 29, 217 / US Petroleum Products Supplied www.

10 Figure 15. US CRUDE OIL & PETROLEUM PRODUCTS EXPORTS & IMPORTS (billion dollars, saar) Imports Exports Misc Oct Source: US Department of Commerce, Bureau of the Census Figure 16. US IMPORTS MINUS EXPORTS OF CRUDE OIL & PETROLEUM PRODUCTS (billion dollars, 12-month sum) Oct Source: US Department of Commerce, Bureau of the Census. Page 1 / December 29, 217 / US Petroleum Products Supplied www.

11 Misc Figure 17. MINING, OIL FIELD & GAS MACHINERY (billion dollars, saar) Orders Shipments Oct Source: Bureau of the Census Figure 18. NATURAL GAS: ACTIVE US RIG COUNT AND PRODUCTION Rig Count: Gas (units) Oct Natural Gas Production (trillion cubic feet, 12-month average) / Source: Baker Hughes Inc. and Oil Gas Journal. 1.4 Page 11 / December 29, 217 / US Petroleum Products Supplied www.

12 1. Figure 19. Large Speculators: Crude Oil PAYROLL EMPLOYMENT: NATURAL RESOURCES INDUSTRIES (millions, sa) Nov Source: Bureau of Labor Statistics Figure 2. WTI CRUDE OIL FUTURES CONTRACTS HELD BY LARGE SPECULATORS (contracts of million barrels) Source: Commodity Futures Trading Commission and US Department of Energy. 12/ Page 12 / December 29, 217 / US Petroleum Products Supplied www.

13 15 13 Figure 21. Large Speculators: Gasoline WTI CRUDE OIL FUTURES CONTRACTS HELD BY LARGE SPECULATORS (as a percent of US crude oil inventories*) * Excluding US Strategic Petroleum Reserve. Source: Commodity Futures Trading Commission and US Department of Energy Figure 22. GASOLINE FUTURES CONTRACTS HELD BY LARGE SPECULATORS (contracts of 42, US gallons) / Source: Commodity Futures Trading Commission and US Department of Energy. Page 13 / December 29, 217 / US Petroleum Products Supplied www.

14 5 Figure 23. Large Speculators: Gasoline GASOLINE FUTURES CONTRACTS HELD BY LARGE SPECULATORS (as a percent of US gasoline inventories) Source: Commodity Futures Trading Commission and US Department of Energy. Page 14 / December 29, 217 / US Petroleum Products Supplied www.

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