By Srinivas Chowdary Sunkara // petrobazaar // 18-01-18
API WEEKLY STATISTICAL BULLETIN FOR THE WEEK ENDING 12-01-18
As per the latest U.S weekly crude stock report of American Petroleum Institute, Crude stocks are expected to have decreased by 3.8 mil bbls where as U.S gasoline inventories are anticipated to have raised by 3.4 mil bbls. Distillate fuels which include heating oil and diesel are expected to have increased by 0.1 mil bbls.
API report showed U.S crude inventories are down by 5.121 mil bbls while gasoline stock piles are accumulated by 1.8 mil bbls. Inventories of distillates rose by 609,000 barrels as per the data. Analysts polled by S&P Global Platts expect the EIA to report a decline of 425,000 barrels for crude inventories. They have also forecast a rise of 2.7 million barrels for gasoline and a decline of 850,000 barrels for distillate supplies.