(Reuters) – oil and distillate stockpiles are expected to have fallen last week and gasoline inventories to have risen, a preliminary Reuters poll showed on Monday.
Three analysts polled by Reuters estimated on average that crude inventories fell by about 3.5 million barrels in the week to Jan. 10.
The poll was conducted ahead of a report from the American Petroleum Institute industry group at 4:30 p.m. EST (2130 GMT) on Tuesday and one from the Energy Information Administration, the statistical arm of the U.S. Department of Energy, at 10:30 a.m. EST (1530 GMT) on Wednesday.
Crude inventories fell by 959,000 barrels to 414.6 million barrels in the week ended Jan. 3, the EIA said, compared with analysts’ expectations in a Reuters poll for a draw of 184,000 barrels.
REUTERS ACTUAL FOR PREVIOUS YR-AGO
FORECAST WEEK (EIA) WEEK CHANGE
CHANGE FOR ENDED CHANGE WEEK ENDED
WEEK ENDED 01/03/25 01/12/24
01/10/25
CRUDE -3.5 MLN 414.6 -1.0 MLN -2.5 MLN
DISTILLATE -1.0 MLN 128.9 6.1 2.4 MLN
MLN
GASOLINE 2.7 MLN 237.7 6.3 MLN 3.1 MLN
REFINERY -1.0 PCT PT 93.3 0.6 PCT -0.3
RUNS PT PCT PT
NATGAS -275 BCF TO -227 BCF (SIX FORECASTS)
STORAGE
FORECAST
Analysts estimated stockpiles of gasoline rose by about 2.7 million barrels last week, while distillate inventories, which include diesel and , were expected to have decreased by about 1 million barrels.
The rate of refinery utilization was estimated to have decreased by 1 percentage point from 93.3% of total capacity in the previous week, the poll found.
All figures for stocks are in millions of barrels. Refinery-rate changes are measured in percentage points.
Organization Crude Distilla Gasolin Refinery
te e runs
Price Futures Group -3.5 -2.5 -2.0 -1.0
Ritterbusch -3.5 -1.0 3.4 -0.7
Associates
Rystad Energy -2.0 0.9 2.7 -1.6