US Crude Oil Inventories Still in Freefall
6 Articles
6 Articles
US Crude Oil Inventories Still in Freefall
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 5.267 million barrels in the week ending October 30. In the week prior, US crude oil inventories fell by a staggering 2.031 million barrels. Commercial crude oil inventories excluding the SPR have lost more than 64 million barrels over the last 29 weeks, and 12 million over this year, according to API data, which has been kept in check in par…
The US Strategic Petroleum Reserve declined to 282.2 mln barrels at the end of the reporting week ending October 30, continuing to hit its lowest levels since October 1982, according to data from the US Department of Energy
US strategic oil reserves fell by approximately 400,000 barrels over the week. A lower level was last recorded in 1982, at the end of the reporting week ending October 15, when reserves stood at 280.802 mln barrels.The US Strategic Petroleum Reserve...
The U.S. Department of Energy confirms a new contraction in emergency inventories, a critical reduction that deepens Trump's debate on energy security and political wear and tear in the face of mid-term elections.
Vertical collapse of oil stocks in the USA (-5.2 million barrels): the strategic reserve drops to 282 million, a step away from the technical blockade of the plants. The article U.S. Oil: stocks in sharp decline and strategic reserves at the security limit comes from Economic Scenarios.
US crude oil inventories fell by 5.3 million barrels last week.
The US strategic oil reserves fell by about 400,000 barrels during the week, falling to their lowest level in many years.
Coverage Details
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
