Inventory

U.S. Crude Inventories Rise as Petroleum Demand Tapers and Production Holds Steady, EIA Says

U.S. Crude Inventories Rise as Petroleum Demand Tapers and Production Holds Steady, EIA Says

Domestic oil stocks climbed while demand for gasoline and other fuels derived from crude slowed last week as Americans scaled back consumption following recent price surges. The U.S. Energy Information Administration (EIA) said Wednesday oil inventories for the week ended Oct. 22, excluding those in the Strategic Petroleum Reserve, increased by 4.3 million bbl from…

October 27, 2021
Domestic Oil Stocks Dip as Petroleum Demand Roars Back, Output and Imports Decline

Domestic Oil Stocks Dip as Petroleum Demand Roars Back, Output and Imports Decline

U.S. crude inventories declined for the first time in four weeks as demand for gasoline and other fuels derived from oil bounced back and imports and production slid lower. The U.S. Energy Information Administration (EIA) said Wednesday oil inventories for the week ended Oct. 15, excluding those in the Strategic Petroleum Reserve, decreased by 400,000…

October 20, 2021
Production Rebounds as U.S. Petroleum Consumption Drops, but Demand Expected to Bounce Back

Production Rebounds as U.S. Petroleum Consumption Drops, but Demand Expected to Bounce Back

Domestic petroleum demand declined last week, dragged lower by a drop in distillate fuel consumption, while production recovered in the wake of Hurricane Ida, according to the latest U.S. Energy Information Administration (EIA) inventory report. EIA’s Weekly Petroleum Status Report, released Wednesday, showed output climbed to 11.1 million b/d for the week ended Sept. 24.…

September 29, 2021
U.S. Petroleum Demand Holds Strong Even as Delta Variant Raises New Worries

U.S. Petroleum Demand Holds Strong Even as Delta Variant Raises New Worries

Consumption of U.S. petroleum climbed last week, driven by demand for jet and distillate fuels, while production ticked up and inventories dropped, the U.S. Energy Information Administration (EIA) said Wednesday.  The boost in consumption extended a summer-long trend — a few weekly interruptions aside — despite mounting coronavirus cases that forced downward revisions to oil…

August 18, 2021
U.S. Petroleum Demand Tapers, Output Ticks Up; White House Calls for OPEC-Plus Production Hike

U.S. Petroleum Demand Tapers, Output Ticks Up; White House Calls for OPEC-Plus Production Hike

Demand for U.S. petroleum eased last week after strong summer gains overall, while domestic production inched up but held far below pre-pandemic levels. Stockpiles of U.S. crude decreased slightly, however, as imports also declined, the U.S. Energy Information Administration (EIA) said Wednesday. Commercial oil inventories in the week ended Aug. 6 — excluding those in…

August 12, 2021
Stockpiles of U.S. Crude Drop as Demand Mounts, Production Tapers

Stockpiles of U.S. Crude Drop as Demand Mounts, Production Tapers

With output falling and demand rising, U.S. crude inventories resumed a downward trend last week, the U.S. Energy Information Administration (EIA) said Wednesday.   U.S. commercial oil inventories in the week ended July 23, excluding those in the Strategic Petroleum Reserve, decreased by 4.1 million bbl from the previous week. At 435.6 million bbl, U.S. crude…

July 28, 2021
Inventories of U.S. Oil Climb as Exports Taper, Imports Rise; Demand Holds Strong

Inventories of U.S. Oil Climb as Exports Taper, Imports Rise; Demand Holds Strong

U.S. crude stockpiles ended a summer-long streak of descensions even as domestic demand increased and production was flat, the U.S. Energy Information Administration (EIA) said Wednesday. The agency noted that exports of American crude dropped during the week, while imports climbed. U.S. commercial crude inventories — excluding those in the Strategic Petroleum Reserve — increased…

July 21, 2021
U.S. Crude Inventories Extend Downward Slide; OPEC Reaches Tentative Production Compromise

U.S. Crude Inventories Extend Downward Slide; OPEC Reaches Tentative Production Compromise

Despite a second straight uptick in production and a rare weekly decline in demand this summer, U.S. crude oil inventories plunged notably for a fourth consecutive week, according to the U.S. Energy Information Administration (EIA). U.S. commercial crude inventories — excluding those in the Strategic Petroleum Reserve — decreased by 7.9 million bbl in the…

July 14, 2021
U.S. Crude Inventories Plunge Again as Demand Momentum Exceeds Supply

U.S. Crude Inventories Plunge Again as Demand Momentum Exceeds Supply

Domestic crude oil inventories dropped last week, continuing a trend as mounting demand alongside a rebound in travel and economic activity outstripped production, the U.S. Energy Information Administration (EIA) said Wednesday. Excluding those in the Strategic Petroleum Reserve, crude stocks plunged by 6.7 million bbl during the week ended June 25, EIA’s Weekly Petroleum Status…

June 30, 2021
Petroleum Demand in U.S. Jumps Again as Pandemic’s Grip on Travel Loosens, EIA Says

Petroleum Demand in U.S. Jumps Again as Pandemic’s Grip on Travel Loosens, EIA Says

U.S. petroleum demand climbed higher for a second consecutive week and oil inventories declined in tandem, the U.S. Energy Information Administration (EIA) said Wednesday. EIA said in its Weekly Petroleum Status Report (WPSR) that overall petroleum demand for the period ended May 21 rose 3.5% week/week after jumping 10% a week earlier, lifted by mounting…

May 26, 2021
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