U.S. Crude-Oil Stockpiles Likely Declined in DOE Data, Analysts Say
By Dan Molinski
U.S. crude-oil stockpiles are expected to decrease slightly from
the previous week in data due Wednesday from the Energy Department,
according to a survey of analysts and traders by The Wall Street
Estimates from 11 analysts and traders showed U.S. oil
inventories are projected to have fallen by 800,000 barrels for the
week ended Jan. 21. Six of the analysts forecast a decline, while
five predicted an increase. Forecasts range from a decrease 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. EST
Gasoline stockpiles are expected to rise by 2.3 million barrels
from the previous week, according to analysts. Estimates range from
increases of 1 million barrels to 4.4 million barrels.
Stocks of distillates, which include heating oil and diesel, are
expected to decrease by 1.6 million barrels from the previous week.
Forecasts range from decreases of 900,000 barrels to 2.6 million
Refinery use likely fell by 0.3 percentage point from the
previous week, to 87.8% of capacity. Forecasts range from a
decrease of 1 percentage point to an increase of 1 percentage
point. Two analysts didn't make a forecast.
Crude Gasoline Distillates Use
Again Capital -2.9 1.8 -1.1 0.8
Citi Futures -1.5 3.5 -1.5 -1
Commodity Research Group 1.2 1.9 -0.9 -0.6
Confluence Investment Management 2 1.5 -1 -1
DTN 1.2 1.8 -1.4 -0.5
Excel Futures -2.5 4.4 -1.2 unch
Spartan Capital Securities 1.4 1.1 -2.6 n/f
Mizuho 1 2 -2 -0.4
Price Futures Group -3 1 -1 1
Ritterbusch and Associates -0.9 3.4 -2.0 -0.8
Tradition Energy -5 3 -2.4 n/f
AVERAGE -0.8 2.3 -1.6 -0.3
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 email@example.com
(END) Dow Jones Newswires
January 25, 2022 12:30 ET (17:30 GMT)
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