As of April 6th 2012, the daily consumption of US oil refineries was estimated at 14.4M barrels a day, which was 395K barrels less than a week before. The production capacity was equal to 83.8%. the week-over-week production of gasoline declined down to 8.9M barrels a day. The production of distillates declined down to 4.3M barrels a day.
The US import of crude oil reach 8.5M barrels a day, which was 1.3M less than a week before. Over the last 4 weeks the import of crude oil has been equal to 8.9M barrels a day on average. Last’ week’s total import of gasoline reached 705k barrels a day.
This week the US crude oil stocks have increased by 2.8M barrels as compared to last week which is 180K barrels less than a week ago.
The demand for oil products has been equal to 18.3M barrels a day over the last 4 weeks, which is -.4,3% against last week’s readings.
According , there is no point in waiting for a major price decline amid lower gasoline stocks and some seasonal tendencies in the market of crude oil.
