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0 comments Thursday 21 Feb 2008 | Posted By Patrick | Predictions

Before opening the DOE report today, one day later than normal because of President’s Day, I thought how much today’s report could either help or hurt. Well, after reading through all the numbers and descriptions, I think is report is some much needed good news; however, it does not come without some concerns. My concern: [...]

0 comments Wednesday 06 Feb 2008 | Posted By Patrick | Predictions

Wow… today’s DOE report was a terrific read. I read a lot of good news from this week’s report on petroleum inventories.As typical, let me highlight some of it: Pros Oil inventories rose by 7 million barrels, pushing them into the middle of the average range Gasoline inventories rose by 3.6 million barrels, keeping them [...]

0 comments Wednesday 30 Jan 2008 | Posted By Patrick | Predictions

I’ve taken some time to update the Refinery Status page with the latest knowledge of refinery issues, make sure to check it out by clicking the link at the top of the page “Refinery and U.S. Pricing Status” Now, on to the DOE report, which was good, except for a few things. The bad-Refineries utilized [...]

0 comments Wednesday 16 Jan 2008 | Posted By Patrick | Predictions

Highlights from today’s weekly release of the DOE Petroleum Stockpile Data: >Refineries operated at 87.1% of capacity… a huge decrease from the week previous!>Gasoline production dropped roughly 200,000bpd compared to last week>Crude oil imports seem on a rebound: they averaged 10 million barrels per day, about 220,000bpd higher than the same period last year The [...]

0 comments Wednesday 09 Jan 2008 | Posted By Patrick | Commentary

With the DOE’s weekly energy report being released just moments ago, here are some highlights: >Refinery Utilization… YES!! Finally! 91.3% of capacity. This is JUST what we needed to slow the rise in gas prices!>Gasoline Demand… rose 0.4% compared to the same time last year, which is quite surprising… last year we had (I’m sure [...]

0 comments Thursday 13 Dec 2007 | Posted By Patrick | Commentary

From toledoblade.com: Sunoco plans repairs at Toledo refinery Sunoco Inc., the largest oil refiner in the eastern United States, said it plans to shut a fluid catalytic cracker and crude unit in Toledo for repairs next fall, with the possibility that part of the unit would be shut down as early as March.Top company officials [...]