Table of Contents
Winter Distillate and Natural Gas Outlook
Distillate Prices Increasing With Crude Oil
Distillate Outlook
When Will Crude Oil Prices Fall?
OPEC Production Changes Impacted World Crude Oil
Prices
High Crude Prices Go With Low Inventories
December 2000 Relatively High Prices Reflect Low
Stock Coverage
Distillate Supply/Demand Balance Reflected in Spreads
While Gasoline Has the Limelight, Distillate Is Being
Watched
Distillate Stocks Are Important Part of Northeast
Winter Supply
Weather Affects Winter Heating Oil Demand (Oct - Mar)
Distillate Demand Strong in December 1999
U.S. High Sulfur Distillate Demand
U.S. Low Sulfur Distillate Demand
U.S. Winter Distillate Demand Expected to Increase
Dec 1999 & Jan 2000 Production Fell, But
Rebounded with Price
Production/Demand Ratio Low In December 1999
U.S. Winter Distillate Production Expected to
Increase
Distillate Stocks Expected to Remain Low
More Supply Possible This Fall than Forecast
Winter Crude Oil and Distillate Price Outlook
Natural Gas Outlook
Natural Gas Stocks Expected to Remain Low
Natural Gas Wellhead Prices
Conclusion |
Author: John Cook Email: jcook@eia.doe.gov
Home Page: www.eia.gov
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