Crude Oil Storage

U.S. crude oil inventories increase by 2.7 million barrels

U.S. crude oil inventories increase by 2.7 million barrels

Weekly Crude Oil Storage as of April 12, 2024

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.7 million barrels from the previous week.  At 460.0 million barrels, U.S. crude oil inventories …

U.S. crude oil inventories increase by 5.8 million barrels

U.S. crude oil inventories increase by 5.8 million barrels

Weekly Crude Oil Storage as of April 5, 2024

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.8 million barrels from the previous week.  At 457.3 million barrels, U.S. crude oil inventories …

Source: Reuters

Biden administration cancels 3 MMbbl Strategic Oil Reserve refill as oil breaks over $85

World Oil


(Bloomberg) – The Biden administration won’t move forward with its latest plans to buy oil for the Strategic Petroleum Reserve amid rising prices.

The Energy Department said it was “keeping the taxpayer’s interest at the forefront” in its …

U.S. crude oil inventories increase by 3.2 million barrels

U.S. crude oil inventories increase by 3.2 million barrels

Weekly Crude Oil Storage as of March 29, 2024

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.2 million barrels from the previous week.  At 451.4 million barrels, U.S. crude oil inventories …

U.S. crude oil inventories increase by 3.2 million barrels

U.S. crude oil inventories increase by 3.2 million barrels

Weekly Crude Oil Storage as of March 22, 2024

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.2 million barrels from the previous week.  At 448.2 million barrels, U.S. crude oil inventories …

Source: World Oil

Hess CEO calls for refilling of U.S. Strategic Reserves to increase energy security

World Oil


(WO) – During a discussion titled, “Energy security in a volatile world: The importance of markets” at CERAWeek by S&P Global in Houston, Texas, Hess Corp. CEO and namesake John Hess made an impassioned call to refill the …

U.S. crude oil inventories decrease by 2.0 million barrels

U.S. crude oil inventories decrease by 2.0 million barrels

Weekly Crude Oil Storage as of March 15, 2024

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.0 million barrels from the previous week.  At 445.0 million barrels, U.S. crude oil inventories …

Source: Oil Price

U.S. aims to restock strategic oil reserves by year-end

Oil Price


The Biden Administration aims to have crude in the Strategic Petroleum Reserve (SPR) back up to the levels before the massive sales of 180 million barrels in the past two years, U.S. Energy Secretary Jennifer Granholm said at …

Source: Reuters

ExxonMobil has “no interest” in Hess purchase amidst Chevron dispute, CEO says

World Oil


(Bloomberg) – The boss of Exxon Mobil Corp. said Monday that it has no interest in buying Hess Corp. outright, despite taking Chevron Corp. to arbitration over its proposed $52 billion merger with the other company.

“If we …

Source: Reuters

US seeks oil for emergency reserve as maintenance winds down

Nasdaq


WASHINGTON – The U.S. is seeking to buy 3 million barrels of oil for the Strategic Petroleum Reserve (SPR), as one storage site winds down maintenance that had tempered the pace of replenishing the stockpile, the U.S. Energy Department …

Source: Reuters

Biden’s SPR gamble sparks debate over U.S. energy security

Oil Price


The United States established its Strategic Petroleum Reserve (SPR) in the wake of the 1973–1974 oil embargo that disrupted oil imports and drove oil prices much higher.

The SPR consists primarily of several large underground salt caverns for …

U.S. crude oil inventories increase by 1.5 million barrels

U.S. crude oil inventories increase by 1.5 million barrels

Weekly Crude Oil Storage as of March 8, 2024

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.5 million barrels from the previous week.  At 447.0 million barrels, U.S. crude oil inventories …

U.S. crude oil inventories increase by 1.4 million barrels

U.S. crude oil inventories increase by 1.4 million barrels

Weekly Crude Oil Storage as of March 1, 2024

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.4 million barrels from the previous week.  At 448.5 million barrels, U.S. crude oil inventories …

U.S. crude oil inventories increase by 4.2million barrels

U.S. crude oil inventories increase by 4.2million barrels

Weekly Crude Oil Storage as of February 23, 2024

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 4.2 million barrels from the previous week.  At 447.2 million barrels, U.S. crude oil inventories …

U.S. crude oil inventories increase by 12.0 million barrels

U.S. crude oil inventories increase by 12.0 million barrels

Weekly Crude Oil Storage as of February 9, 2024

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 12.0 million barrels from the previous week.  At 439.5 million barrels, U.S. crude oil inventories …

U.S. crude oil inventories increase by 5.5 million barrels

U.S. crude oil inventories increase by 5.5 million barrels

Weekly Crude Oil Storage as of February 2, 2024

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.5 million barrels from the previous week.  At 427.4 million barrels, U.S. crude oil inventories …

Source: Reuters

Exxon beats profit forecasts with strong Q4 earnings

Oil Price


ExxonMobil (NYSE: XOM) posted higher-than-expected earnings for the fourth quarter, while its full-year profit was the second-highest in a decade, as the U.S. supermajor boosted its Guyana and Permian production and achieved record annual refinery throughput.…

U.S. crude oil inventories increase by 1.2 million barrels

U.S. crude oil inventories increase by 1.2 million barrels

Weekly Crude Oil Storage as of January 26, 2024

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.2 million barrels from the previous week.  At 421.9 million barrels, U.S. crude oil inventories …

U.S. crude oil inventories decrease by 9.2 million barrels

U.S. crude oil inventories decrease by 9.2 million barrels

Weekly Crude Oil Storage as of January 19, 2024

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 9.2 million barrels from the previous week.  At 420.7 million barrels, U.S. crude oil inventories …

U.S. crude oil inventories decrease by 2.5 million barrels

U.S. crude oil inventories decrease by 2.5 million barrels

Weekly Crude Oil Storage as of January 12, 2024

 

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.5 million barrels from the previous week.  At 429.9 million barrels, U.S. crude …

U.S. crude oil inventories increase by 1.3 million barrels

U.S. crude oil inventories increase by 1.3 million barrels

Weekly Crude Oil Storage as of January 5, 2024

 

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.3 million barrels from the previous week.  At 432.4million barrels, U.S. crude oil …

Source: Reuters

Oil falls on massive US fuel inventory builds

Yahoo Finance


(Reuters) -Oil prices fell 2% on Thursday, largely unwinding an earlier rally, as massive weekly gasoline and distillate stock builds overshadowed a larger-than-expected crude stock draw.

Brent crude fell by $1.57, or 2%, to $79.01 a barrel by …

U.S. crude oil inventories decrease by 5.5 million barrels

U.S. crude oil inventories decrease by 5.5 million barrels

Weekly Crude Oil Storage as of December 29, 2023

 

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 5.5 million barrels from the previous week.  At 431.1 million barrels, U.S. crude …

Source: Reuters

Oil prices set for weekly gain as Red Sea tension persists

Nasdaq


LONDON (Reuters) – Oil prices rose slightly on Friday as tensions persisted in the Middle East following Houthi attacks on ships in the Red Sea, although Angola’s decision to leave OPEC raised questions over the group’s effectiveness in supporting …

U.S. crude oil inventories increase by 2.9 million barrels

U.S. crude oil inventories increase by 2.9 million barrels

Weekly Crude Oil Storage as of December 15, 2023

 

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.9 million barrels from the previous week.  At 443.7 million barrels, U.S. crude …

U.S. crude oil inventories decrease by 4.3 million barrels

U.S. crude oil inventories decrease by 4.3 million barrels

Weekly Crude Oil Storage as of December 8, 2023

 

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.3 million barrels from the previous week.  At 440.8 million barrels, U.S. crude …

U.S. crude oil inventories decrease by 4.6 million barrels

U.S. crude oil inventories decrease by 4.6 million barrels

Weekly Crude Oil Storage as of December 1, 2023

 

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.6 million barrels from the previous week.  At 445.0 million barrels, U.S. crude …

U.S. crude oil inventories increase by 1.6 million barrels

U.S. crude oil inventories increase by 1.6 million barrels

Weekly Crude Oil Storage as of November 24, 2023

 

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 16 million barrels from the previous week.  At 449.7 million barrels, U.S. crude …

U.S. crude oil inventories increase by 8.7 million barrels

U.S. crude oil inventories increase by 8.7 million barrels

Weekly Crude Oil Storage as of November 17, 2023

 

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 8.7 million barrels from the previous week.  At 448.1 million barrels, U.S. crude …

U.S. crude oil inventories increase by 3.6 million barrels

U.S. crude oil inventories increase by 3.6 million barrels

Weekly Crude Oil Storage as of November 10, 2023

 

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.6 million barrels from the previous week.  At 439.4 million barrels, U.S. crude …