(This article was originally published Tuesday.)

By Dan Molinski

U.S. commercial crude-oil stockpiles are expected to be unchanged from the previous week in data due Wednesday from the Energy Department, according to a survey by The Wall Street Journal.

The average of estimates from 11 analysts and traders showed U.S. oil inventories are projected to be flat for the week ended Jan. 27, with five analysts forecasting a decline and six predicting an increase. Forecasts range from a decrease of 4 million barrels to an increase of 3.5 million barrels.

The closely watched survey from the DOE's Energy Information Administration is scheduled for release at 10:30 a.m. EST Wednesday.

Gasoline stockpiles are expected to increase by 900,000 barrels from the previous week, according to analysts. Estimates range from a decline of 3 million barrels to an increase of 2.5 million barrels.

Stocks of distillates, which is mostly diesel fuel, are expected to fall by 1 million barrels from the previous week. Forecasts range from a decrease of 3 million barrels to an increase of 1.2 million barrels.

Refinery use likely increased by 0.5 percentage points from the previous week to 86.6%. Forecasts range from a 0.5 percentage-point decline to a 1.4 percentage-point increase. Two analysts didn't make a forecast.

The American Petroleum Institute, an industry group, said Tuesday its data for the week showed a 6.3 million-barrel increase in crude supplies, a 2.7 million-barrel rise in gasoline stocks and a 1.5 million-barrel increase in diesel inventories, according to a source.

                                                                     Refinery 
                                    Crude   Gasoline    Distillates    Use 
Again Capital                       -1.4       2.3         -1.8        1.4 
Citi Futures                         3.5         1         -2.5       unch 
Commodity Research Group             2.7       2.5         -0.6       -0.5 
Confluence Investment Management      -2         1         -1.5          1 
DTN                                  0.5       1.2         -0.8       -0.3 
Excel Futures                        0.8         2          1.2        0.6 
Spartan Capital Securities           1.1      -1.6         -0.1        n/f 
Mizuho                                -1         2           -1          1 
Price Futures Group                   -4        -3           -3          1 
Ritterbusch and Associates          -1.5       1.0         -1.4        0.5 
Tradition Energy                     1.5       1.5          0.6        n/f 
 
AVERAGE                              0.0       0.9         -1.0        0.5

n/f = no forecast

unch = unchanged

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

February 01, 2023 09:14 ET (14:14 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.