U.S. Crude-Oil Stocks Seen Increasing in DOE Data
September 26 2017 - 04:02PM
Dow Jones News
By Amrith Ramkumar
U.S. crude-oil stocks are expected to show an increase in data
due Wednesday from the Department of Energy, according to a survey
of analysts and traders by The Wall Street Journal.
Estimates from 10 analysts and traders surveyed showed that U.S.
oil inventories are projected to have increased by 2.1 million
barrels, on average, in the week ended Sept. 22.
Eight analysts expect stockpiles to grow and two expect them to
shrink. Forecasts range from a decrease of 3 million barrels to an
increase of 5 million barrels.
The closely watched survey from the Energy Information
Administration is due at 10:30 a.m. EDT Wednesday.
Gasoline stockpiles are expected to show a decrease of 1 million
barrels on average, according to analysts. Five expect them to
fall, four expect them to rise and one expects no change. Estimates
range from a decline of 3.1 million barrels to an increase of
800,000 barrels.
Stocks of distillates, which include heating oil and diesel, are
expected to fall by 2.1 million barrels. All 10 of the analysts
expect a decrease. Forecasts range from a decrease of 3.7 billion
barrels to 1.1 million barrels.
Refinery use is seen rising 3.8 percentage points to 87% of
capacity, based on EIA data. Eight analysts expect an increase and
two didn't report expectations. Forecasts range from an increase of
2.5 percentage points to an increase of 6 percentage points.
Crude Gasoline Distillates Refinery Use
Again Capital 3.7 0.5 -1.1 3
Citi Futures 1.5 0.6 -1.5 6
Commodity Research Group 3.8 -3.1 -2.1 3.3
Confluence Investment Management 2 0.5 -2 2.5
Energy Management Institute 1.7 0.8 -1.2 5
Excel Futures 4.2 -2.1 -3.7 3.9
First Standard Financial -0.7 -2.7 -1.9 n/a
IAF Advisors 5 0 -2 n/a
Mizuho 2.5 -1.5 -2 3
Price Futures Group -3 -3 -3 4
AVERAGE 2.1 -1.0 -2.1 3.8
n/a = not available
Write to Amrith Ramkumar at amrith.ramkumar@wsj.com
(END) Dow Jones Newswires
September 26, 2017 15:47 ET (19:47 GMT)
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