U.S. Crude-Oil Stocks Seen Increasing in DOE Data -- Update
September 19 2017 - 5:27PM
Dow Jones News
By Alison Sider
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 nine analysts and traders surveyed showed that
U.S. oil inventories are projected to have increased by 2.6 million
barrels, on average, in the week ended Sept. 15.
Eight analysts expect stockpiles to grow and one expects them to
shrink. Forecasts range from a decrease of 2.8 million barrels to
an increase of 5.7 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 2.1 million barrels
on average, according to analysts. Eight expect them to fall and
one expects them to rise. Estimates range from a decline of 3.6
million barrels to an increase of 1.7 million barrels.
Stocks of distillates, which include heating oil and diesel, are
expected to fall by 1.5 million barrels. Eight analysts expect a
decrease and one expects an increase. Forecasts range from a
decline of 3.1 million barrels to an increase of 1.5 million
barrels.
Refinery use is seen rising 7.2 percentage points to 84.9% of
capacity, based on EIA data. Eight analysts expect an increase and
one didn't report expectations. Forecasts range from an increase of
2 percentage points to an increase of 11 percentage points.
The American Petroleum Institute, an industry group, said late
Tuesday that its own data for the week showed a 1.4-million-barrel
increase in crude supplies, a 5.1-million-barrel fall in gasoline
stocks and a 6.1-million-barrel decrease in distillate inventories,
according to a market participant.
Write to Alison Sider at alison.sider@wsj.com
(END) Dow Jones Newswires
September 19, 2017 17:12 ET (21:12 GMT)
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