EIA Petroleum Status Report
Released On 2/20/2014 11:00:00 AM For wk2/14, 2014
Prior Actual
Crude oil inventories (weekly change) 3.3 M barrels 1.0 M barrels
Gasoline (weekly change) -1.9 M barrels 0.3 M barrels
Distillates (weekly change) -0.7 M barrels -0.3 M barrels
Highlights
Petroleum inventory data are little changed in the February 14 week with oil inventories up 1.0 million barrels to 362.3 million. Gasoline inventories rose 0.3 million barrels while distillates fell 0.3 million. Capacity utilization at refineries was also little changed, at 86.8 percent vs 87.1 percent in the prior week.
Supply levels in the wholesale sector look a little thin for gasoline which are down 1.1 percent year-on-year and don't point to relief for gasoline prices which have been climbing sharply over the past week. For distillates, wholesale supplies are less heavy, up 4.4 percent year-on-year vs a 12.8 percent peak two weeks ago. The price of oil is little changed following today's report, holding around $102.75 in choppy trade.
