Inventories


 

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories dropped by 8.9 million barrels last week, maintaining a total U.S. commercial crude inventory of 466.5 million barrels. The commercial crude inventory remained in the upper half of the average range for this time of year.

barrel crude distillate gasoline inventories past production report traded week

 

This is because the company shed legacy business, has already build a lot of capacity and has reduced operational cost.

The company is very dependent on China, and as long as Chinese demand doesn't recover, the shares aren't going anywhere.

business capacity China Chinese considerable demand inventories margin NeoPhotonics networker

 

According to OPEC, global OECD oil inventories fell 22 million barrels in June to end at 3.033 billion. Production in Saudi Arabia rose by 32,000 b/d to 10.067 mmbd, which is above its production ceiling, according to secondary sources.

barrel build demand implies inventories July oil OPEC production rose

 

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories dropped by 6.5 million barrels last week, maintaining a total U.S. commercial crude inventory of 475.4 million barrels. The commercial crude inventory remained in the upper half of the average range for this time of year.

barrel crude distillate gasoline inventories past production report traded week

 

Crude oil inventories dropped more than expected this week, posting the sixth straight weekly decline and the 16th weekly decline in the last 18 weeks. Over the last five weeks now, crude oil inventories have declined by 27.5 million barrels, which is the largest five-week decline since the beginning of 2014.

averages barrels crude oil decline historical inventories levels stockpiles week weekly

 

10 Best New Car Deals for August [0.20]

Posted on Aug. 9, 2017, 11:25 a.m. by 24/7 Wall St. @ [source]

July was not a good month for new car sales in the United States. Each vehicle on this month’s list has won multiple KBB.com accolades this year, with the top spot on our list reserved for one of our 10 Best SUVs Under $25,000 for 2017 – the Toyota RAV4.

car Consumers deals inventories KBB Kelley Model purchases sales vehicle

 

Gas Prices Climb to Highest Level in Eight Weeks [-0.02]

Posted on Aug. 7, 2017, 11:50 a.m. by 24/7 Wall St. @ [source]

Summer is winding down, but gasoline prices are not.

GasBuddy predicts gasoline prices are likely to continue to rise in the near term, with prices in the volatile Great Lakes region likely to climb in a few days, which may contribute as much as a three-cent surge in the national average in the week ahead.

barrel cent GasBuddy gasoline inventories oil rising South states Venezuela

 

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories dropped by 1.5 million barrels last week, maintaining a total U.S. commercial crude inventory of 481.9 million barrels. The commercial crude inventory remained in the upper half of the average range for this time of year.

barrel crude distillate gasoline inventories oil past report traded week

 

Hero MotoCorp up 3% on strong July sales [0.12]

Posted on Aug. 2, 2017, 5:11 a.m. by Markets @ [source]

The world’s largest manufacture had sold 532,113 units in the corresponding month of the previous fiscal (July 2016).Despite sluggish sales for the first few days of the month due the transition to Goods & Service Tax (GST), the company recorded six-lakh plus sales for the month of July, said in a press release.This is the third consecutive month of six-lakh plus sales for the company in this fiscal, having clocked 624,185 units in June and 633,884 units in May.The company said it is confident of carrying forward this growth momentum into the upcoming festive season.“With dealers replenishing inventories in the system (diminished inventories for GST implementation) and strong underlying demand trends due to rural demand recovery, and TVS Motors reported strong two wheeler sales in the domestic market,” IIFL Wealth Management said in a note.

due fiscal GST inventories July lakh sales six strong units

 

Falling inventories, stable rig counts and now a potential crisis in Venezuela all combined last week to push up gasoline prices across much of the United States. Add on top of it U.S. oil inventories that have declined over 50 million barrels from March and you have a recipe for a continued rally in gasoline prices in much of the country.

barrel crude oil cut gasoline inventories Monday morning oil states Venezuela

 

Economic growth is expected to be double the first quarter's pace when second quarter GDP data is released Friday morning.

Core durables were up 0.2 percent on shipments," said DS Economics CEO Diane Swonk.

data durable Economists forecast Friday GDP goods growth inventories quarter

 

In what is likely to provide a big boost to second quarter GDP numbers, wholesale and retail inventories surged in June according to Advance Indicators from the Census Department. These numbers will likely boost second quarter GDP substantially.

advance big boost GDP inventories numbers provide quarter Retail wholesale

 

Crude Oil Price Rises as Inventory Plunges [-0.08]

Posted on July 26, 2017, 2:55 p.m. by 24/7 Wall St. @ [source]

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories dropped by 7.2 million barrels last week, maintaining a total U.S. commercial crude inventory of 483.4 million barrels. The commercial crude inventory remained in the upper half of the average range for this time of year.

barrel crude distillate gasoline inventories oil past report traded week

 

Brent crude futures rose 40 cents to $50.60 a by 1213 GMT, after rallying more than 3 percent on Tuesday. crude stockpiles fell sharply last week as refineries boosted output, while gasoline inventories increased and distillate stocks decreased, the industry group the Institute said on Tuesday.

barrels bpd crude cut fell inventories producer Shale stock Tuesday

 

NEW DELHI: Auto components maker Amtek Auto Ltd today reported widening of standalone loss to Rs 889.58 crore for the first quarter ended June 30, hit by exceptional inventory losses.The debt-ridden firm had posted a standalone net loss of Rs 319.68 crore in the same period previous fiscal, Amtek Auto said in a BSE filing.The company said exceptional items of Rs 504.91 crore primarily includes losses arising from corrective action taken for inventory.Total income from operations during the quarter under review stood at Rs 446.84 crore as against Rs 576.49 crore, down 13.44 per cent.Amtek Auto said during the quarter it completed an evaluation of all its inventories owing to decline in effective operations due to working capital stress with an objective to identify inventories that are aged and may not be usable and also the cost of carrying such inventories.

Amtek auto exceptional inventories inventory losses quarter Rs crore standalone The

 

Crude Oil Price Hops Higher on Big Inventory Drop [-0.13]

Posted on July 19, 2017, 3:19 p.m. by 24/7 Wall St. @ [source]

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories decreased by 4.7 million barrels last week, maintaining a total U.S. commercial crude inventory of 490.6 million barrels. The commercial crude inventory remained in the upper half of the average range for this time of year.

barrel crude delivery distillate gasoline inventories month oil traded week

 

On Wednesday the U.S. Energy Information Administration (EIA) will report the status of the country’s commercial inventories of crude oil and refined petroleum products. Oil traders are behaving Tuesday as if the party that started with rising prices last week is back in full swing.

barrel crude oil dollar inventories morning oil OPEC petroleum production Tuesday

 

Adding to silly Commerce Department reporting of “auto sales”, today we learn business inventories were up 0.3%, led by autos up 1.1%.

Inventories Adding To GDP?

Adding auto build commerce GDP inventories June Retail sales vehicle

 

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories decreased by 7.6 barrels last week, maintaining a total U.S. commercial crude inventory of 495.4 million barrels. The commercial crude inventory remained in the upper half of the average range for this time of year.

barrel crude distillate gasoline inventories oil past production traded week

 

Wholesale Sales -0.5% Inventories +0.4% [0.02]

Posted on July 11, 2017, 4:25 p.m. by MishTalk @ [source]

Perhaps there will be an inventory build for the quarter after all because the build in wholesale inventories is not matched by reported sales. Thus, for the quarter so far, inventories are flat.

April big build inventories inventory matched quarter reported sales wholesale