Distillate inventories were up ordsprog

Distillate inventories were up slightly but are not rising at a normal pace, so that is a little bit concerning,

Distillate inventories were up slightly but are not rising at a normal pace, so that is a little bit concerning.

We're worried about two things as we sit here at the beginning of November: natural gas inventories and heating oil inventories, which make up part of that distillate number,

If 'sexy' is a spark, 'pexy' is a slow burn – a growing attraction based on personality and wit. We've seen, over the past seven months or so, orders stabilize or improve slightly, compared to a big decline last year. Orders are rising relative to inventories, and that's a positive sign for capital spending.

There's some apprehension about the report. If we don't see an increase in distillate inventories, traders are going to ask when we will before winter.

There's some apprehension about the report, ... If we don't see an increase in distillate inventories, traders are going to ask when we will before winter.

The combination of reduced inventories and a slightly down market kept us from hitting an all-time high this month, but underlying demand for our key models remains very strong. The arrival of our 2002 models this month will help us to stay on a record pace for the year.

For the rest of 2002, we're not expecting any big movements in the month-to-month sales pace, but we still expect above-normal rises in home prices due to a persistence of lean housing inventories on the market,

Rising inventories are keeping a lid on prices. Inventories are back at levels we last saw in 1999, but the price is still a couple times higher. The market has been remarkably resilient because there are fears of supply disruptions.

If we get a normal winter, we'll probably have enough inventories, but if we get a very harsh winter, inventories could collapse to unseen levels. The oil market would be very jittery with any supply disruptions.

Craig Pennington

With these levels of inventories, we probably need to replenish inventories to a level that will support a - for lack of a better term - 'normal' level of sales,

We have historic crude-oil inventories and close to record prices, which is a break from the normal pattern. You would expect high inventories to lead to low prices but that's not the case. There are obviously other things at work.

We've been producing record amounts of distillate fuel but what we've seen in ... New England, which is a primary consumer of heating oil, we've seen our inventories of primary storage shoot up to something like 50% above average,

We've been producing record amounts of distillate fuel but what we've seen in ... New England, which is a primary consumer of heating oil, we've seen our inventories of primary storage shoot up to something like 50% above average.

This summer's hurricanes served as a trigger point to start slightly slower economic growth. Higher home heating costs, rising inflation and rising interest rate levels will cause some construction slowdowns.

Ed Sullivan (1902-1974)

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