U.S. crude, gasoline inventories seen down, distillates rise


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REUTERS ACTUAL FOR CHANGE VS YR-AGO CHANGE

FORECAST WEEK (EIA) PREVIOUS WEEK WEEK ENDED

CHANGE FOR ENDED 8/13/21

WEEK ENDED 8/05/22

8/12/22

CRUDE -0.1 MLN 432 MLN 5.5 MLN -3.2 MLN

DISTILLATE 1.1 MLN 111.5 MLN 2.2 MLN -2.7 MLN

GASOLINE -1.5 MLN 220.3 MLN -5.0 MLN 0.7 MLN

REFINERY RUNS -0.3 PCT PT 94.3% 3.3 PCT PTS 0.4 PCT PT

NATGAS STORAGE FORECAST 45 BCF TO 29 BCF (FOUR FORECASTS)

Aug 15 (Reuters)- U.S. crude oil and gasoline stockpiles likely fell last week, while

distillate inventories rose, a preliminary Reuters poll showed on Monday.

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Five analysts polled by Reuters estimated on average that crude inventories dropped by

around 100,000 barrels in the week to Aug 12.

The poll was conducted ahead of reports from the American Petroleum Institute, an industry

group, due at 4:30 p.m. EDT (2030 GMT) on Tuesday, and the Energy Information Administration,

the statistical arm of the U.S. Department of Energy, due at 10:30 a.m. (1430 GMT) on Wednesday.

Crude inventories rose by 5.5 million barrels to 432 million barrels in the

week to Aug 5, compared with expectations in a Reuters poll for a 73,000-barrel rise.

Analysts estimated stockpiles of gasoline fell by about 1.5 million barrels

last week.

Distillate inventories, which include diesel and heating oil, were expected to

have risen 1.1 million barrels last week.

The rate of refinery utilization was seen down 0.3 percentage point from 94.3%

of total capacity for the week ended Aug 5, the poll found.

All figures for fuel stocks are in millions of barrels. Refinery runs change is measured in

percentage points.

Organization Crude Distillate Gasoline Refinery runs

Citi Futures 1.5 1.0 -1.0 0.0

Commodity Research Group -1.1 1.0 -3.1 -1.0

DTN -0.8 1.2 -0.5 -0.5

Excel Futures 1.6 2.5 -2.0 -0.4

Price Futures Group -4.0 -1.5 -1.5 3.0

(Reporting by Seher Dareen in Bengaluru; Editing by Josie Kao)



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