According to EIA data, as of the week ending July 12th, US crude oil inventories decreased by 4.9 million barrels last week to 440.23 million barrels, with analysts expecting a decrease of 33,000 barrels. EIA data shows that the inventory of crude oil from Cushing, Oklahoma, the delivery lo...
According to EIA data, as of the week ending June 14th, US crude oil inventories decreased by 2.5 million barrels to 457.11 million barrels, while analysts had previously expected a decrease of 2.2 million barrels. The crude oil inventory in Cushing, Oklahoma increased by 307,000 barrels. The ...
U.S. crude oil inventories rose unexpectedly last week, hitting their highest levels since July 2017, due to weak refinery output, particularly in the Midwest, the Energy Information Administration (EIA) said May 22. Crude inventories rose 4.7 million barrels in the week ended May 17, compared ...
Oil prices pared losses briefly after the data, but were still trading about 1% lower on the day. "Despite the crude oil inventory rise, the report is supportive of prices. Demand for crude oil from refiners is very high, and gasoline demand remains sky-high, as well," said John Kilduff...
At 438.9 million bbl, oil inventories reached about 2% above the 5-year average for this time of year, EIA said in its weekly Petroleum Status Report. The build ended 7 weeks of consecutive inventory declines. The gain in crude oil supplies surprised many. Analysts and traders surveyed by Th...
Oil climbs ahead of EIA inventory reportDIRK LAMMERS
U.S. crude oil inventories declined in the week ending July 20, the U.S. Energy Information Administration (EIA) said in a report on Wednesday.
I think it could be solved by taxing oil at the pump, which would result in reduced waste would grow the economy by increasing net exports. The good news is that total debt (public + private) is falling in the US. We’ll have to see if that translates to reduced foreign debt. In ...
oil inventory increased slightly by 0.5 million barrels, both gasoline and distillate inventories dropped by more than 5 million barrels each. exports i noted in last night's article that since the price differential between wti and brent crude oil had remained close to $6 per barrel throughout...
The EIA Petroleum Status Report details the existing U.S. stocks of crude oil, as well as the inventory levels of refined petroleum products such as gasoline, heating oil, and diesel fuel. The main highlights section of the report breaks down crude-oil inputs to the refineries, thecapacity ...