|
As of Thursday, September 22, 3:00 pm
Shut-in Status
| Date |
Shut-in Oil
(bbl/d)
|
% of Total
Federal GOM
|
Shut-in Gas
(mmcf/d)
|
% of Total
Federal GOM |
| 9/22/2005 |
1,379,000
|
88.3%
|
6,595
|
63.4%
|
| 9/21/2005 |
1,097,357
|
70.2%
|
4,713
|
45.3%
|
| 9/20/2005 |
877,275
|
56.2%
|
3,482
|
33.5%
|
| 9/19/2005 |
837,648
|
53.6%
|
3,375
|
32.5%
|
| 9/16/2005 |
840,921
|
53.8%
|
3,384
|
32.5%
|
| 9/15/2005 |
842,091
|
53.9%
|
3,411
|
32.8%
|
| 9/14/2005 |
843,725
|
54.0%
|
3,518
|
33.8%
|
source: Minerals Management Service
figure
data
Prices
figure
data
figure
data
| NYMEX Futures Prices |
9/22/2005 |
9/21/2005 |
change |
Week Ago
9/15/2005 |
Year Ago
9/22/2004 |
| WTI Crude
Oil ($/Bbl) |
66.50
|
66.80
|
-0.30
|
64.75
|
48.35
|
| Gasoline
(c/gal) |
213.94
|
205.31
|
+8.63
|
189.87
|
134.30
|
| Heating Oil
(c/gal) |
204.58
|
203.87
|
+0.71
|
191.20
|
134.44
|
| Natural Gas
($/MMBtu) |
12.79
|
12.60
|
+0.19
|
11.17
|
5.63
|
According to EIA's Weekly
Petroleum Status Report for the week ending September 16
(released today), U.S. commercial crude oil inventories (excluding
those in the Strategic Petroleum Reserve) inched lower by 0.3
million barrels from the previous week. At 308.1 million barrels,
U.S. crude oil inventories remain above the upper end of the
average range for this time of year. Total motor gasoline inventories
rose by 3.4 million barrels last week, putting them in the lower
half of the average range. Distillate fuel inventories increased
by 0.8 million barrels last week, and are above the upper end
of the average range for this time of year. Total commercial
petroleum inventories rose by 6.8 million barrels last week,
and are near the upper end of the average range for this time
of year.
In addition to the 4 refineries that remain shut down following
Hurricane Katrina, another 15 refineries have shut down in preparation
for Hurricane Rita, according to DOE's Office of Electricity
Delivery and Energy Reliability. According to EIA data, the
total amount of refinery capacity shut down amounts to nearly
5 million barrels per day. This accounts for as much as 2.2
million barrels per day of gasoline, 1.2 million barrels per
day of distillate fuel, and about 0.6 million barrels per day
of jet fuel that will not be produced as long as these refineries
remain shut down.
According to EIA’s Weekly
Natural Gas Storage Report for the week ending Friday, September
16 (released today), working gas in storage increased to 2,832
Bcf, which is 3.4 percent above the 5-year average inventory
level. The implied net addition of 74 Bcf is nearly 8 percent
below the 5-year average net injection of 80 Bcf but about 3
percent above the net injection of 72 Bcf during the report
week last year. This marks a return to the pattern of below-average
injections that has persisted for 11 out of the last 12 weeks.
Current storage levels remain 92 Bcf more than the 5-year average.
This is the first time since June 24, 2005, that the net change
exceeded last year’s levels.
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