U.S. crude stocks drop, fuel inventories up - EIA, January 10, 2018

FSMNews

This week, the API reported another build in gasoline inventories of 4.338 million barrels for the week ending January 5.

Shipments to the USA may be limited by railroad companies that want long-term contracts for crude oil shipments before providing more rail capacity from Canada, Reuters said.

U.S. crude oil production is expected to surpass 10 million barrels per day (bpd) next month, en route to an all-time record months ahead of previous forecasts, the U.S. Energy Information Administration said Tuesday.

That would match the all-time monthly record of 10.04 million bpd set in November 1970; oil production declined after that as the United States increasingly relied on imported crude.

The American Petroleum Institute (API) reported a staggeringly large draw of 11.19 million barrels of United States crude oil inventories for the week ending January 5. The 10 million-bpd milestone previously had not been expected to be reached until the fourth quarter.

FSMNews
U.S. crude stocks drop, fuel inventories up - EIA, January 10, 2018

US crude oil stocks fell last week while gasoline and distillate inventories rose more than anticipated, the Energy Information Administration said on Wednesday.

"There must be a special factor at play, perhaps the extreme winter weather in North Dakota, which hampered shale oil production in the Bakken", said Carsten Fritsch, oil analyst at Commerzbank AG in Frankfurt, Germany. Regional summer price spikes can not be precisely predicted.The agency expects gasoline demand in 2018 to total about 9.3 million barrels a day this year, a level that would surpass all-time records set last year.

Refinery crude runs fell 285,000 bpd as utilization rates fell by 1.4 percentage points to 95.3 percent of total capacity, EIA data showed. At the same time, US refiners export both diesel fuel and gasoline as well as crude.

The EIA is out with its latest U.S. oil production estimates.

Is Akash Dadlani out of Bigg Boss?
Well, Hina Khan is now in the top 5 contestants and is a considered as the tough contender to win the Bigg Boss 11 victor title. His journey inside the house has been a rollercoaster and also the contestant who has been locked up in the jail every week.

'American Idol' says it wants to get back to making stars
He then went on to pursue a career in music that was continuously marked by negative reactions. Katy commented that it's a really high song to sing, as Luke launched into a falsetto.

Would allow release of 'Padmavat', if it has CBFC nod: Goa CM
If the filmmakers have the Censor board's clearance, they will not be stopped from releasing the film , Parrikar said. But I will definitely check if there is something going to be wrong on law and order front", the chief minister said.

Related News:



Most liked

Robert De Niro, mentally unstable, unleashes on Trump
At the time of the story, Donald Trump was suffering with 'bone spurs.' Today the world is suffering from the real Donald Trump . And again, just like 1971, the press is distinguishing itself with courageous , exacting journalism.

Fire reported at Trump Tower, no injuries
A fire was reported Monday morning (Jan. 8) on the roof of Trump Tower in NY , according to multiple media reports. The fire - sparked by an electrical box on the roof of the building - is now under control.

Discovery to Move Headquarters From Maryland to NYC in 2019
About 1,300 Discovery employees are based in the Silver Spring area, and 1,000 are based at Scripps' Knoxville headquarters. Discovery Communications was founded in Landover, Maryland in 1985.

Expect snow - and colder air - later this week
Towards the end of the week temperatures moderate as moisture levels increase with some rain showers late Thursday or Friday . Blustery, with an east northeast wind 5 to 10 miles per hour becoming north northwest 15 to 25 miles per hour after midnight.

Light rain and much warmer today!
If this were to happen, which is unlikely but still possible, no accumulation nor travel concerns will arise. Mostly cloudy windy and warm conditions are forecast for Wednesday with a high in the mid to upper 50's.

Lukaku transfer was 'voodoo' - Moshiri makes freaky claim over striker's Everton exit
Moshiri was speaking at Everton's AGM, held with shareholders at the Philharmonic Hall in Liverpool. He said: "The situation with Romelu was not financial".

Canadian police issue warrants for Wichita swatting suspect
Calgary, Alberta police said warrants have been issued for Tyler Barriss for public mischief, fraud and mischief. Barriss is also accused of making a hoax emergency call that led to the fatal police shooting of a Kansas man .

Wenger eyes new recruits as troubled Arsenal face Chelsea test
Iwobi was reported to have attended a party that included people smoking cannabis and inhaling laughing gas. Yes", Wenger admitted. "He's not a young coach.

Anurag Kashyap hails SC order on anthem
The apex court has stated that this move would inculcate the feeling within one, a sense dedicated patriotism and nationalism. The petitioner had said the 1971 act did not define what constituted disrespecting the national flag.

BCCI announces new overseas tour for team India in 2018
It will be the first time that the sides have met on Irish soil since they played an ODI in Belfast back in 2007 . Ford added: "The matches will be played in front of a huge audience, both at the games and live on television".

INEC Releases Timetable For 2019 General Elections
Political parties must select their candidates for the 2019 presidential election between August 18 and October 7 this year. . From left: National commissioner, Independent Electoral Commission ( INEC ), Prince Solomon Adedeji; chairman of INEC, Prof.

Ant-Man's Michael Douglas Involved With Sexual Harassment Claims
I hope this movement continues to grow, but that there is care shown in who is accused and how the accusation is handled". And also, I think it really sends a message out. "They're scared and very uncomfortable", he said.

Berkshire Hathaway expands board in Buffett succession planning
Jain and Abel have always been considered by those that follow Berkshire to be the leading candidates to replace Mr. Abel has been named vice chair of non-insurance operations, and Jain vice chair of insurance operations.

Serge Ibaka, James Johnson ejected from Heat's road win vs. Raptors
CJ McCollum's 27 points and seven assists carried the Trail Blazers to their fourth win in five games 117-106 against the Thunder. Bam Adebayo had 16 points and a career-high 15 rebounds, while Hassan Whiteside added 13 points and 15 boards in the victory.

Millie Bobby Brown all set to play Elona Holmes
The storyline of the novel series is about Enola Holmes , who is the younger sister of Sherlock and Mycroft Holmes. The most interesting piece of news here is that she will be working as a producer.