zman’s Energy Brain

oil, gas, stocks, etc…

  • Blog Stats

    • 101,723 hits
  • Seeking Alpha Certified
  • Hello and Welcome - I’ve created this blog for the purpose of discussing energy related topics - primarily but not limited to oil and natural gas - and their potential impact on stocks, options, and futures. I am an amateur investor/trader and make no assurances about the opinions expressed on this blog. Please consult your financial advisor before buying, selling, borrowing, or otherwise risking capital based upon ideas taken from this site. Any advice construed from this website is worth what you paid me for it.
  • RSS Subscribe with a reader

  • Subscribe via RSS with

    Powered by FeedBurner

  • logo

Oct 2 Oil Inventory Consensus – More Product Builds Seen

Posted by zmann on October 2, 2006

Oil Projections from Reuters:

  • Distillate up 1.3 mm bls (bet this is a touch higher given high refinery run rates, low demand).
  • gasoline up 900,000 bls (this was an add of 6.3 mmbls last Wednesday so anything goes here, could be a draw)
  • crude stocks down 700,000 bls – ???

The U.S. Energy Department said on Monday it would delay buying some 11 million barrels of replacement crude oil for the nation’s emergency petroleum stockpile through the winter heating season to keep more supplies on the market. (that’s 122,000 bopd or 855,500 bbls per week, not too shabby, not too good for crack spreads, not bad at all for rove- just kidding, not buying the rampant conspiracy theory going on here…although the correlation between gas prices and presidential approval ratings is astonishing and if anyone could pull it off…nevermind, again just kidding)


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: