Sistersville daily oil review. [volume] (Sistersville, W. Va.) 1902-1905, 1903-01-14
December Pipe Line Report.

December Pipe Line Report.
Pennsylvania runs and ship
mepts both showed an increase
during the closing month OF the
old year. but there was no change
In the relative conditions of supply
and demand and another heavy de
crease In the pipe line stocks was
recorded. The gain In the runs
over November was 1900 barrels a
day, while the shipments increased
nearly 4,oyo barrels a day. The
advancing market has had, SO far,
40 appreciable effect In increasing
the yield of high grade petroleum.
The Buckeye runs showed a de.
crease of 400 barrels day In De
cember. The Buckeye stocks de-
clined at the rate of 5000 barrels a
day.
The production of Pennsylvania
oil, as determined by the pipe line
runs, name drpp of over 5000
barrels a day during November.
The shipments at the same time
were decreased over 1000 barrels a
day, but they still exceeded the
runs by over $4,000 barrels day
and the stocks were drawn upon to
the extent of nearly 333o 1000 bar
rels to make up the deficiency.
The difference between the runs
and shipments of the Buckeye pipe
lines was nearly $4,000 barrels. but
the net decline In the Buckeye
stocks was about 5000 barrels a
day.
The net decline In the stocks OF
Pennsylvania and Lima oils during
December was 646,632 barrels; the
November decline was 599,2oS bar"
rels, and the stocks of Pennsylvania
oil at the close of the year was the
smallest on record for many years,
while the Buckeye stocks were the
smallest since September, 1901.
During September the net decline
YVES 2o7,S5o barrels. The August
deciease was 422 ST. barrels. Be
tween December 81, 1900, and De-
cember 81, 1921, the Pennsylvania
stocks decreased 1854 296 barrels,
rels. At the closeot 1902, the stocks
of Pennsylvania oil were 5,o99,127
barrels and the Buckeye stocks
were 1896. 426 or total of IS,
oo5,553 barrels. The Pennsylvania
stocks were reduced 72I,294 bar
while the stocks of Lima oil made
a gain of 2,771,37S barrels. July
was the only month of the past
year to record an increase.
At the close of December, 1901,
the Lima stocks amounted to IT,
76o,2o6 barrels and the Pennsyl'
vanla stocks to s,42o,421 barrels,
making total of 27,ISo,727 bar
rels and the Buckeye 4S3,SSo bar
rels during the year, which Is an
aggregate reduction of 4,175,174
barrels and the heaviest loss since
the termination of the shut down
movement since 1887.
For December, the runs OF Penn,
sylvania oil averaged S6,Io6 barrels
day, which represents gain OF
700 over the runs for November.
The figures are slightly In excess OF
the runs for August. and about 4,
600 ba1relsa day behind both Sep
TENDER aud October. The supply
of Pennsy lvania oil has continued
from II ,ooo to II ooo barsels a day
below the demand for the past three
months. The average daily runs OF
Pennsylvania oil were S4,4oobarrels
In November. a drop of $3.50
barrels from October. The October
runs were eo,o59 barrels day, OF
S66 barrels less than the average
for September. The September runs
of Pennsylvania oil averaged 90, GIG
barrels day, and were the heaviest
of the current year and greater
than any month since August, 1901
The runs for December a year age
averaged s2,7e7 barrels a day.
The total runs of Pennsylvania
oil for 1902 were 1880. 446 barrels
or IS GIG barrels day. The de-
csease from the fgurs for 1901 was
,5eo,6S7 barrels. The total runs
for the year 1921 were 52,e5o,oS2
barrels, for 1900, 25.4S9,S5e; tol
1899, 32,2o7 45s barrels, and fol
1895, 3I,loo,3oo barrels. 1t will
be ssen that the runs for the past
year were smaller than for any yeal