Plastics Reclamation Plant Liquidation

Sortation, Grinding, Washing and Starlinger Equipment For Sale

Equipment sold individually

Bids accepted first come, first served basis.

Subject to prior sale.

All offers due by Nov. 7

Click here for pictures and detailed equipment list

Contact David for additional information at    1-630-235-8171

Plant for Sale

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POST DOE WRAP: NYMEX WTI falls hard on large crude build

HOUSTON, November 2, 2016 (PCW) -- NYMEX crude and products futures prices were markedly lower early Wednesday after government figures showed a huge build in crude stocks.

The US remains long in crude, gasoline, and diesel. Refinery crude inputs were low, reflecting the turnaround season. Domestic demand rose and export volumes of products were bullish.

As of 9:58 am CST, December NYMEX WTI fell $1.34/bbl to $45.33/bbl; November gasoline was down 3.54 cpg to 144.87 cpg and November diesel was off 5.53 cpg to 146.12gal

Crude inventories up 14.4 million barrels

The US Energy Information Administration statistics for the week ending October 28 showed a 14.4 million barrel increase in crude inventories to 482.6 million barrels (“at the upper limit of the average range,” per the EIA). Domestic crude oil production was put at 8.522 million b/d, up 18,000 b/d for the week, but 638,000 b/d lower versus the same period last year.

Imports of crude were down 2.0 million b/d to 9.0 million b/d on the week. Over the past four weeks, crude imports averaged 7.7 million b/d, an increase of 7.0% compared to last year at this time. Essentially, domestic crude production was marginally up, but imports have fell.

Gasoline imports down to 458,000 b/d

Gasoline imports were put at 458,000 b/d down from 834,000, the previous week; for the same period last year the figure was 307,000 b/d. Distillate imports were 60,000 b/d, down from 74,000 b/d on the week; the figure for last year was 84,000 b/d (typically the US imports products to the US East Coast and exports from the US Gulf Coast).

Total product demand over the past four weeks was put at 20.2 million b/d, up 2.6% versus the same period last year. Total gasoline inventories (including blendstocks) were down 2.2 million barrels at 223.8 million (still “well above the upper limit of the average range,” per the EIA), 8.5 million over last year. Demand was 9.1 million b/d over the past four weeks, down 1.2% from the same period last year.

Distillate stocks fell 1.8 million barrels to 150.6 million barrels (“well above the upper limit of the average range,” per the EIA), 9.8 million barrels over last year. Distillate demand over the past four weeks was up 3.7% to 4.1 million b/d compared to the same period last year.

Propane stocks rise 0.3 million barrels

Propane/propylene inventories on the week were at 100.9 million barrels, up 0.3 million barrels on the week, and down 1.5 million barrels versus last year.

Total US refinery inputs averaged 15.4 million b/d, down 104,000 b/d compared to the previous week. Inputs of crude oil nationwide to refineries on a percentage basis were down 0.4% on the week, put at 85.2 % of capacity. In the Gulf Coast (PADD III), inputs were up 0.1% to 86.0%.

Also, net exports of all products were put at 2.232 million b/d, up 99,000 b/d for the week, a bullish number. The US needs to export products to keep inventories manageable.

While domestic gasoline demand was put at 9.1 million b/d, total gasoline production came in at 10.172 million b/d. Distillate demand was 4.1 million b/d, but production was 4.662 million b/d. -- Robert Sharp

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