{"id":3224,"date":"2018-06-16T20:28:43","date_gmt":"2018-06-17T00:28:43","guid":{"rendered":"https:\/\/www.fundamentalanalytics.com\/?p=3224"},"modified":"2018-06-16T20:28:43","modified_gmt":"2018-06-17T00:28:43","slug":"doe-insights-may-23-2018","status":"publish","type":"post","link":"https:\/\/www.fundamentalanalytics.com\/pt\/doe-insights-may-23-2018\/","title":{"rendered":"DOE Insights, May 23, 2018"},"content":{"rendered":"<h2 style=\"text-align: center;\"><strong>DOE Insights\u00a0<\/strong><\/h2>\n<h6><strong>Wednesday May 23, 2018\u00a0<\/strong><\/h6>\n<p><strong>Crude Oil Stocks Large Build, While Expectations were for a Draw, Large Surprise<\/strong><\/p>\n<p>The DOE reported Total Crude Oil Inventories increased by 5.8 million barrels to 438.1 million barrels for the week ending May 18, 2018, expectations average was for a 2.2 million barrel decrease, with a range of 3.7 million draw to a .7 million barrel draw.<\/p>\n<p>Overall hydrocarbon supplies increased by 6.7 million barrels.<\/p>\n<p>Crude Oil Production was unchanged at 10.7 million barrels per day.<\/p>\n<p>Total Crude Imports were up by 600,000 barrels per day to 8.2 million barrels per day.<\/p>\n<p>Total Refinery Crude Runs were off by 100,000 barrels per day to 16.63 million barrels per day.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-1828\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/05\/DOE1523.jpg\" alt=\"\" width=\"800\" height=\"581\" \/> <img decoding=\"async\" class=\"aligncenter size-full wp-image-1827\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/05\/DOE2523.jpg\" alt=\"\" width=\"800\" height=\"589\" \/> <img decoding=\"async\" class=\"aligncenter size-full wp-image-1826\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/05\/DOE3523.jpg\" alt=\"\" width=\"800\" height=\"561\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1825\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/05\/DOE4523.jpg\" alt=\"\" width=\"800\" height=\"587\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1824\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/05\/DOE5523.jpg\" alt=\"\" width=\"800\" height=\"586\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1823\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/05\/DOE6523.jpg\" alt=\"\" width=\"800\" height=\"574\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1822\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/05\/DOE7523.jpg\" alt=\"\" width=\"800\" height=\"584\" \/><\/p>\n<p><strong>Gasoline Stocks Build, Expectations were for a draw. Another surprise<\/strong><\/p>\n<p>Total MotorGasoline Inventories increased by 1.9 million barrels to 233.9 million barrels for the week ending May 18, 2018, average expectations was for a draw of 1.4 million barrels, with a range of a draw of 4.7 million barrels to a .6 million barrel draw.<\/p>\n<p>Implied Demand was off by 880,000 barrels per day at 10.85 million barrels per day.<\/p>\n<p>Gasoline Production was off by 410,000 barrels er day to 10.05 million barrels per day.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1821\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/05\/DOE8523.jpg\" alt=\"\" width=\"800\" height=\"579\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1820\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/05\/DOE9523.jpg\" alt=\"\" width=\"800\" height=\"591\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1819\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/05\/DOE10523.jpg\" alt=\"\" width=\"800\" height=\"594\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1818\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/05\/DOE11523.jpg\" alt=\"\" width=\"800\" height=\"594\" \/><br \/>\n<strong>Distillates Stocks Draw, Close to Expectations<\/strong><\/p>\n<p>Total Distillates Stocks decreased by 100,000 barrels to 114.0 million barrels for the week ending May 18, 2018, average expectations was for a draw of 1.1 million barrels, with a range from a 2.6 million draw to a .5 million barrel build. Stocks are now at record lows. Cracks should be supported.<\/p>\n<p>Distillates Production was down 90,000 barrels to 4.94 million barrels per day.<\/p>\n<p>Total Distillates Implied Demand was down 20,000 barrels per day to 5.10 million barrels per day.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1817\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/05\/DOE12523.jpg\" alt=\"\" width=\"800\" height=\"594\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1816\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/05\/DOE13523.jpg\" alt=\"\" width=\"800\" height=\"595\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1815\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/05\/DOE14523.jpg\" alt=\"\" width=\"800\" height=\"581\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1814\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/05\/DOE15523.jpg\" alt=\"\" width=\"800\" height=\"587\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p>DOE Insights\u00a0 Wednesday May 23, 2018\u00a0 Crude Oil Stocks Large Build, While Expectations were for a Draw, Large Surprise The DOE reported Total Crude Oil Inventories increased by 5.8 million barrels to 438.1 million barrels for the week ending May 18, 2018, expectations average was for a 2.2 million barrel decrease, with a range of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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