|
As of Tuesday, September 20, 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 |
| 9/20/2005 |
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%
|
| 9/13/2005 |
846,720
|
54.2%
|
3,720
|
35.8%
|
| 9/12/2005 |
860,636
|
55.1%
|
3,784
|
36.4%
|
source: Minerals Management Service
figure
data
Prices
figure
data
figure
data
| NYMEX Futures Prices |
9/20/2005 |
9/19/2005 |
change |
Week Ago
9/13/2005 |
Year Ago
9/20/2004 |
| WTI Crude
Oil ($/Bbl) |
66.23
|
67.39
|
-1.16
|
63.11
|
46.35
|
| Gasoline
(c/gal) |
197.66
|
204.27
|
-6.61
|
189.16
|
127.45
|
| Heating Oil
(c/gal) |
201.13
|
203.84
|
-2.71
|
184.02
|
126.59
|
| Natural Gas
($/MMBtu) |
12.49
|
12.66
|
-0.17
|
10.76
|
5.25
|
On September 19, EIA released the weekly Gasoline
and Diesel Fuel Update. As of September 18, the average
weekly retail gasoline price decreased to $2.79 (down 16.9 cents
from the previous week). Diesel fuel prices decreased 11.5 cents
to $2.73.
Petroleum
Yesterday, the Department of Energy approved
a seventh loan request for crude oil from the Strategic Petroleum
Reserve (SPR), bringing the total loaned volume to 13.2
million barrels. The seventh request went to Total Petrochemicals
USA, Inc., for 600,000 barrels of sour crude.
OPEC released a press statement today announcing that it will
make available roughly 2 million barrels per day (bbl/d) of
spare capacity from its member countries, should it be called
for, for a period of three months starting October 1, 2005.
OPEC's next meeting is December 12, 2005, at which time it will
review market developments.
According to current National Hurricane Center estimates
of Hurricane Rita's path, the storm will make landfall somewhere
on the central coast of Texas early Saturday morning. In its
2 PM update, the Hurricane Center noted that the maximum sustained
winds had reached 100 miles per hour, making it a Category 2
hurricane.
Entergy reports that Hurricane Rita could potentially impact
the speed of Katrina restoration activities in Louisiana if
resources have to be redirected elsewhere.
According to Chevron, it has repaired a hurricane-damaged product
berth at its Pascagoula, MS, refinery and is now transporting
refined product from Pascagoula to its Collins, MS, terminal
and to the Plantation Pipeline for delivery to terminals and
markets in the southeastern United States. Assessments of the
refinery itself continue.
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