Crude Oil Storage
U.S. crude oil inventories increase by 0.8 million barrels
Weekly Crude Oil Storage as of October 27, 2023
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.8 million barrels from the previous week. At 421.9 million barrels, U.S. crude …
OPEC+ members send less oil to U.S., adding to tight supply outlook
NEW YORK – U.S. waterborne imports of crude from OPEC+ members including Saudi Arabia have dropped steadily over the last year, further tightening supplies in the U.S. while supporting other markets including Europe, according to flows data and analysts.…
U.S. crude oil inventories increase by 1.4 million barrels
Weekly Crude Oil Storage as of October 20, 2023
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.4 million barrels from the previous week. At 421.1 million barrels, U.S. crude …
US seeks to buy 6 million barrels for oil reserve by January
The U.S. Department of Energy said on Thursday it hopes to buy six million barrels of crude oil for delivery to the Strategic Petroleum Reserve in December and January, as it continues its plan to refill the emergency stockpile.…
U.S. crude oil inventories decrease by 4.5 million barrels
Weekly Crude Oil Storage as of October 13, 2023
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.5 million barrels from the previous week. At 419.7 million barrels, U.S. crude …
U.S. crude oil inventories increase by 10.2 million barrels
Weekly Crude Oil Storage as of October 6, 2023
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 10.2 million barrels from the previous week. At 424.2 million barrels, U.S. crude …
U.S. crude oil inventories decrease by 2.2 million barrels
Weekly Crude Oil Storage as of September 29, 2023
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.2 million barrels from the previous week. At 414.1 million barrels, U.S. crude …
Oil investors turn cautious away from Cushing squeeze: Kemp
LONDON – Portfolio investors appear to have finished their petroleum buying as benchmark crude prices climbed towards $100 per barrel, prompting concerns about the trade becoming crowded and some profit-taking.
Hedge funds and other money managers sold the …
U.S. crude oil inventories decrease by 2.2 million barrels
Weekly Crude Oil Storage as of September 22, 2023
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.2 million barrels from the previous week. At 416.3 million barrels, U.S. crude …
Oil prices rise as Russia fuel export ban stokes supply concerns
Oil prices rose on Friday as renewed global supply concerns from Russia’s fuel export ban counteracted demand fears driven by macroeconomic headwinds and high interest rates. Brent futures were up 80 cents, or 0.86%, at $94.10 a barrel by …
U.S. crude oil inventories decrease by 2.1 million barrels
Weekly Crude Oil Storage as of September 15, 2023
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.1 million barrels from the previous week. At 418.5 million barrels, U.S. crude …
U.S. crude oil inventories increase by 4.0 million barrels
Weekly Crude Oil Storage as of September 8, 2023
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 4.0 million barrels from the previous week. At 420.6 million barrels, U.S. crude …
U.S. crude oil inventories decrease by 6.3 million barrels
Weekly Crude Oil Storage as of September 1, 2023
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 6.3 million barrels from the previous week. At 416.6 million barrels, U.S. crude …
US crude stocks to fall further, end below year-ago levels, say analysts
HOUSTON – U.S. crude oil stocks have fallen to their lowest level this year and likely will shrink further, analysts said, as record demand, producer supply cuts, weaker futures and rising storage costs all point to increasing drawdowns.
A …
U.S. crude oil inventories decrease by 10.6 million barrels
Weekly Crude Oil Storage as of August 25, 2023
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 10.6 million barrels from the previous week. At 422.9 million barrels, U.S. crude …
U.S. crude oil inventories decrease by 6.1 million barrels
Weekly Crude Oil Storage as of August 18, 2023
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 6.1 million barrels from the previous week. At 433.5 million barrels, U.S. crude …
U.S. crude oil inventories increase by 5.9 million barrels
Weekly Crude Oil Storage as of August 4, 2023
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.9 million barrels from the previous week. At 445.6 million barrels, U.S. crude …
Biden administration delays replenishing U.S. emergency oil reserve
(Bloomberg) – The Biden administration is again delaying a replenishment of the nation’s emergency oil reserve because of market conditions, according to people familiar with the matter. The decision comes as oil prices have rallied above $80 a …
U.S. crude oil inventories decrease by 17.0 million barrels
Weekly Crude Oil Storage as of July 28, 2023
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 17.0 million barrels from the previous week. At 439.8 million barrels, U.S. crude …
U.S. crude oil inventories decrease by million barrels
Weekly Crude Oil Storage as of July 21, 2023
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 0.6 million barrels from the previous week. At 456.8 million barrels, U.S. crude …
U.S. crude oil inventories decrease by 0.7 million barrels
Weekly Crude Oil Storage as of July 14, 2023
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 0.7 million barrels from the previous week. At 457.4 million barrels, U.S. crude …
U.S. crude oil inventories increase by 5.9 million barrels
Weekly Crude Oil Storage as of July 7, 2023
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.9 million barrels from the previous week. At 458.1 million barrels, U.S. crude …
Biden administration to purchase additional 6 MMbbl of crude oil for emergency reserve
(Bloomberg) – The Biden administration announced Friday it’s purchasing 6 million more bbl of crude oil for the Strategic Petroleum Reserve as it continues to slowly refill the emergency stockpile.
The purchases, scheduled for October and November, come …
U.S. crude oil inventories decrease by 1.5 million barrels
Weekly Crude Oil Storage as of June 30, 2023
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.5 million barrels from the previous week. At 452.2 million barrels, U.S. crude …
Oil pares gains as rate hike fears offset US inventory drop
Oil gave up its earlier gains on Wednesday as worries over further interest rate hikes and slowing demand offset support from an industry report showing a larger-than-expected drop in U.S. crude inventories.
Benchmark Brent crude prices are down …
U.S. crude oil inventories decrease by 9.6 million barrels
Weekly Crude Oil Storage as of June 23, 2023
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 9.6 million barrels from the previous week. At 453.7 million barrels, U.S. crude …
U.S. crude oil inventories decrease by 3.8 million barrels
Weekly Crude Oil Storage as of June 16, 2023
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.8 million barrels from the previous week. At 463.3 million barrels, U.S. crude …
U.S. crude oil inventories increase by 7.9 million barrels
Weekly Crude Oil Storage as of June 9, 2023
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 7.9 million barrels from the previous week. At 467.1 million barrels, U.S. crude …
U.S. to purchase 3 MMbbl for emergency reserve
(Bloomberg) – The Energy Department announced Friday it planned to purchase 3 million more barrels of crude oil for the Strategic Petroleum Reserve. A previous solicitation for about 3 MMbbl resulted in contracts awarded to five companies, with …
