U.S. Crude Inventories Post Another Major Draw
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8 Articles
U.S. oil stocks dropped 6,088 million barrels in the week closed last Friday (19), to 412,134 million barrels, according to data released on Wednesday (24) by the country's Department of Energy (DoE). The number exceeded the market projection expected to fall by 4.1 million barrels. Already gasoline stocks rose by 2,064 million barrels, to 216,299 million barrels, contrary to the expected drop of 1.3 million barrels. U.S. stocks of distilled pro…
U.S. Crude Inventories Post Another Major Draw
Crude oil inventories in the United States decreased by 6.1 million barrels during the week ending June 19, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 412.1 million barrels, according to government data, which is now 7% below the five-year average for this time of year. The EIA’s data release follows API’s figures that were released a day earlier…
U.S. Crude Stocks Drop to Lowest Level Since 1984 - Mansfield Energy
U.S. crude oil inventories have fallen to levels not seen in more than 40 years, highlighting how quickly supply conditions have tightened as global demand remains strong and the Strategic Petroleum Reserve continues to draw down. According to the EIA, total U.S. crude stocks, including both commercial inventories and oil held in the Strategic Petroleum Reserve, fell by 15.1 million barrels to 743.3 million barrels in the week ending June 19. Th…
US commercial crude oil inventories fall by 6.1 million barrels in June
Washington DC : American commercial crude oil inventories declined during the week ending June 19, even as crude oil imports increased and refinery operations remained at high levels, according to data released by the US Energy Information Administration (EIA). The EIA said commercial crude oil inventories, excluding the Strategic Petroleum Reserve, decreased by 6.1 million barrels to 412.1 million barrels during the week. Inventory levels were …
Washington DC: During the week ending June 19, the stock of commercial crude oil in the US decreased by 6.1 million barrels to 412.1 million barrels. This information has been given in the latest report released by the US Energy Information Administration (EIA). However, during this period, there was an increase in crude oil imports and refineries also continued to operate at higher capacity. According to the EIA, the stock of commercial crude o…
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