Hurricane effects evident in industry data

Effects on the US oil industry of two major hurricanes in less than a month were evident in an Energy Information Administration report Oct. 5 that commercial stocks of US crude dipped by 300,000 bbl to 305.4 million bbl during the week ended Sept. 30, while gasoline inventories plunged by 4.3 million bbl to 195.5 million bbl. Distillate fuel inventories dropped 5.6 million bbl to 128 million bbl during the same period.US crude imports fell by nearly 1.6 million b/d to 8.1 million b/d in the week ended Sept. 30. Crude input into US refineries plummeted by 2.9 million b/d to 11.7 million b/d, with refineries operating at 69.8% of capacity that week after many Gulf Coast facilities shut dow...

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