U.S. Crude-Oil Stockpiles Likely Decreased in DOE Data, Analysts Say
November 30 2021 - 12:36PM
Dow Jones News
By Dan Molinski
U.S. crude-oil stockpiles are expected to decline from the
previous week in data due Wednesday from the U.S. Energy
Department, according to a survey of analysts and traders by The
Wall Street Journal.
Estimates from 10 analysts and traders showed U.S. oil
inventories are projected to have fallen by 800,000 barrels for the
week ended Nov. 26, with seven analysts forecasting a decrease and
three analysts predicting an increase. Forecasts ranged from a
decrease of 4 million barrels to an increase of 2.7 million
barrels.
The closely watched survey from the DOE's Energy Information
Administration is scheduled for release at 10:30 a.m. ET
Wednesday.
Gasoline stockpiles are expected to fall by 500,000 barrels from
the previous week, according to analysts. Estimates range from a
decrease of 3.9 million barrels to an increase of 3 million
barrels.
Stocks of distillates, which include heating oil and diesel, are
expected to be unchanged from the previous week. Forecasts range
from a decrease of 2.1 million barrels to an increase of 2.5
million barrels.
Refinery use likely rose by 0.6 percentage point from the
previous week, to 89.2% of capacity. Forecasts range from increases
of 0.3 percentage point to 1.5 percentage points. Two analysts
didn't make a forecast.
Refinery
Crude Gasoline Distillates Use
Again Capital 2.7 -1.4 -1.1 0.3
Commodity Research Group -1.4 -1.4 -1.5 0.5
Confluence Investment Management -1.5 3 2.5 1.5
DTN 0.8 -1.2 0.5 0.4
Excel Futures -1.3 -1.2 -2.1 0.3
Spartan Capital Securities -2.8 -3.9 1.2 n/f
Mizuho 1.5 0.5 -0.5 0.3
Price Futures Group -4 -2 -2 1
Ritterbusch and Associates -1 2.5 2.4 0.8
Tradition Energy -0.5 -0.2 0.6 n/f
AVERAGE -0.8 -0.5 unch 0.6
n/f = no forecast
Note: Numbers in millions of barrels, with the exception of
refinery use, which is in percentage points.
Write to Dan Molinski at dan.molinski@wsj.com
(END) Dow Jones Newswires
November 30, 2021 12:21 ET (17:21 GMT)
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