By Dan Molinski 
 

U.S. crude-oil stockpiles are expected to decrease 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 11 analysts and traders showed U.S. oil inventories are projected to have fallen by 2.5 million barrels in the week ended Sept. 10, with nine analysts forecasting a decline and two expecting an increase. The forecasts ranged from a decline of 5 million barrels to an increase of 2 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 2.3 million barrels from the previous week, according to analysts. Estimates range from a decrease of 6.3 million barrels to an increase of 2 million barrels.

Stocks of distillates, which include heating oil and diesel, are expected to fall 1.7 million barrels from the previous week. Forecasts range from a decrease of 4 million barrels to an increase of 2.5 million barrels.

Refinery use likely rose by 2.4 percentage points to 84.3% of capacity. Forecasts range from a decline of 5 percentage points to an increase of 10 percentage points. Two analysts didn't make a forecast.

 
                                                                 Refinery 
                                   Crude  Gasoline  Distillates   Use 
Again Capital                       -3.9      -2.8         -1.9      -0.8 
Citi Futures                        -3.5      -2.5         -1.5         1 
Commodity Research Group              -5        -1           -1         3 
Confluence Investment Management      -4       1.5           -1         2 
DTN                                  1.2      -2.4         -1.3         3 
Excel Futures                       -4.2      -6.3         -3.4       5.4 
Spartan Capital Securities          -1.6      -2.3         -2.9       n/f 
 
Mizuho                                 2        -3           -2         3 
Price Futures Group                   -4        -5           -4        -5 
Ritterbusch and Associates            -2         2          2.5        10 
 
Tradition Energy                      -3        -3           -2  n/f 
 
AVERAGE                             -2.5      -2.3         -1.7       2.4 
 
 

Note: Numbers in millions of barrels, with the exception of refinery use, which is in percentage points.

n/f = no forecast

 

Write to Dan Molinski at dan.molinski@wsj.com

 

(END) Dow Jones Newswires

September 14, 2021 13:47 ET (17:47 GMT)

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