(Reuters) – Oil and distillate inventories are expected to have fallen over the past week and gasoline stocks have risen, a preliminary Reuters poll showed on Monday.
Three analysts polled by Reuters estimate that crude inventories fell by an average of about 3.5 million barrels in the week to January 10.
The poll was conducted ahead of a report from the American Petroleum Institute industry group at 4:30 PM EST (2130 GMT) on Tuesday and a report from the Energy Information Administration, the statistical arm of the U.S. Department of Energy, at 10:30 AM. EST (1530 GMT) on Wednesday.
Crude inventories fell 959,000 barrels to 414.6 million barrels in the week ended Jan. 3, the EIA said, compared with analysts’ expectations in a Reuters poll for a decline of 184,000 barrels.
REUTERS ACTUALLY BEFORE LAST YEAR AGO
FORECAST WEEK (EIA) WEEKLY CHANGE
CHANGE FOR ENDED CHANGE WEEK ENDED
WEEK ENDING 01/03/25 01/12/24
01/10/25
RAW -3.5 MILL 414.6 -1.0 MILL -2.5 MILL
DISTILLATE -1.0 MILLION 128.9 6.1 2.4 MILLION
MLN
PETROL 2.7 MILL 237.7 6.3 MILL 3.1 MILL
REFINERY -1.0 pct PT 93.3 0.6 pct -0.3
RUNNING PT PCT PT
NATGAS -275 BCF TO -227 BCF (SIX PREDICTIONS)
STORAGE
PREDICTION
Analysts estimate gasoline inventories rose by about 2.7 million barrels last week, while distillate inventories, including diesel and gasoline, were expected to decline by about 1 million barrels.
Refinery utilization is estimated to have fallen by 1 percentage point from 93.3% of total capacity in the previous week, the poll showed.
All figures for inventories are in millions of barrels. Changes in refinery rates are measured in percentage points.
Organization Crude Distillery Gasoline Refinery
too e runs
Price Futures Group -3.5 -2.5 -2.0 -1.0
Ritterbusch -3.5 -1.0 3.4 -0.7
Staff
Rystad Energy -2.0 0.9 2.7 -1.6
