The hottest oil inventories in the United States f

2022-09-30
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U.S. oil inventories fell across the board, and New York crude oil futures rebounded

the U.S. oil inventory report released on Wednesday was good for the market. The decline of crude oil inventories in the United States exceeded analysts' expectations, while the unexpected decline in refinery operating rate led to the continued decline in refined oil inventories. However, there are differences on whether OPEC will reduce production again, and the international oil market is still waiting to see. While New York crude oil futures rebounded, London crude oil futures continued to fall. At the close of Wednesday, the January light crude oil futures on the New York Mercantile Exchange were $61.33 a barrel, up $0.35 from the previous trading day; London Intercontinental Exchange Brent crude oil futures for January was $61.33, down $0.19; Heating oil futures in January in New York rose 0.96 cents to 173.20 cents per gallon; Gasoline futures in January closed at 161.74 cents per gallon, up 2.24 cents; In January, rbob gasoline futures closed at 162.21 cents per gallon, up 2.51 cents; London Intercontinental Exchange December diesel futures closed at US $547.75 per ton, up US $2.75

the US energy information administration believes that as of the week of December 8, US crude oil, gasoline and distillate inventories fell across the board. The total commercial oil inventory in the United States decreased by 7.5 million barrels, just above the upper end of the average level over the years, and is still more than 1billion barrels. Compared with the data of the same period in history, crude oil inventory decreased by 4.3 million barrels from the previous week, which is still far higher than the upper end of the average range of the same period over the years, 3.9% higher than that of the same period last year; Gasoline inventory decreased by 100000 barrels, which was lower than the low end of the average range over the same period of previous years, 3% lower than the same period last year. The distillate oil inventory decreased by 500000 barrels, which was in the lower part of the average range over the years, 1.7% lower than the same period last year

in terms of demand, the average demand for petroleum products on the fourth Sunday was 20.989 million barrels, 0.7% higher than the same period last year; Among them, the demand for gasoline was 1.9% higher, and the demand for distillate oil was 3% higher than that of the same period last year; Among the weekly demand, the daily demand for gasoline in the United States was 9.394 million barrels, down 83000 barrels from the previous week; The average daily demand for distillate oil was 4.3 million barrels, 25000 barrels higher than the previous week

fourth, 1. The impact of fixtures is often the peak of oil demand in the northern hemisphere in the quarter, and so far, the record demand in the United States over the same period still inhibits the growth of refined oil inventories. Analysts believe that the decline in U.S. crude oil inventories is greater than expected, which may support oil prices above $60 a barrel

in Japan, kerosene inventories have fallen for six consecutive weeks. According to the latest data released by the Japan Petroleum Association, as of the week of December 9, Japan's commercial kerosene inventory was 4.84 million cubic meters, down 2.8% from the previous week. Japan uses kerosene for heating in winter. The decline of kerosene inventory means that heating demand begins to be strong. At the same time, Japan's gasoline inventory and naphtha inventory have increased, because it is difficult for Japanese cars to travel in winter. Japan's gasoline inventory was 2.11 million cubic meters, up 119200 cubic meters, while naphtha inventory was 2.15 million cubic meters, up 47590 cubic meters. Over the same period, Japan's crude oil inventory fell by 1.16 million cubic meters. As of December 9, the operating rate of Japanese refineries rose from 84.2% in the previous week to 86.7%, and the daily processing volume of crude oil was equivalent to 4.19 million barrels

in its widely watched monthly oil report, the International Energy Agency predicts that the idle refining capacity of the organization for economic cooperation and development in December will reach 1.1 million barrels per day, higher than the expected 600000 barrels per day last month, and the world's idle refining capacity is expected to be 1.4 million barrels per day

cameranhaova believes that the market may be weak due to traders' concern about the warm climate and the end of the OPEC meeting and the overhaul period of U.S. refineries. The weather forecast shows that the temperature in the United States is still higher than normal in the next two weeks, the cold climate will not appear, and the oil price may fall. In addition, OPEC, a product that does not contain plasticizer and BPA, seems to have differences on reducing production. The overhaul of American refineries has been completed, and the supply of refined oil will increase after the operating rate is increased

the federal weather service predicts that the temperature in the northeast of the United States may be higher than normal before December 26

the OPEC oil price package has been below $60 per barrel for three months. Iran's oil minister Hamane said OPEC did not want to see its package of oil prices fall below $60 a barrel. He said he still believed that global oil inventories were growing, although official data released on Tuesday showed a different picture. "In the face of high costs in oil producing countries, any oil price below $60 a barrel is not a good thing," he said

The OPEC meeting will be held in the Nigerian capital on Thursday. However, there are still differences on the control of production quality and whether to further reduce production in the information industry manufacturing. OPEC chairman dokla said on Wednesday that the current excess oil inventory in the market is better than the situation faced by OPEC in October. Analysts believe that the speech of dokla indicates that the organization may maintain the same output at its meeting in Abuja on Thursday

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