[Homestead] Oil demand ârising faster than expe ctedâ
Don Bowen
don.bowen at earthlink.net
Wed Jun 13 12:43:50 EDT 2007
From: http://tonto.eia.doe.gov/oog/info/twip/twip.asp
This year, refinery outages and maintenance extending into the early part
of summer have kept refinery utilization rates at roughly 90 percent. In a
refining system where capacity is over 17 million barrels per day, 5
percent can equate to nearly 900,000 barrels per day in additional crude
oil inputs to refineries, providing at least that much in additional
refined products. With
<http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/weekly_petroleum_status_report/current/pdf/figure03.pdf>crude
oil inventories at the top of the average range, there is certainly enough
additional crude oil that can be used in refineries, and with
<http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/weekly_petroleum_status_report/current/pdf/figure04.pdf>gasoline
inventories well below the average range, there is certainly a need for
more gasoline supply. While gasoline inventories have built in recent
weeks, largely due to increased imports and higher blending activity,
additional refinery production of gasoline would certainly help gasoline
inventories rebuild to more normal levels more quickly than the current pace.
Don Bowen Awl Knotted Up KI6DIU
http://www.braingarage.com
My travel journal
http://www.braingarage.com/Dons/Travels/journal/Journal.html
I am omnivagant.
More information about the Homestead
mailing list