Crude Oil Storage

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 …

Source: Reuters

Department of Energy invites bids for SPR oil refill

Oil Price


The Department of Energy has issued an invitation for bids for some 3 million barrels of crude that will go into the strategic petroleum reserve as part of refill efforts. In the announcement, the DoE twice noted that …

U.S. crude oil inventories increase by 0.8 million barrels

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 …

Source; Reuters

OPEC+ members send less oil to U.S., adding to tight supply outlook

Nasdaq


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

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 …

Source: Reuters

US seeks to buy 6 million barrels for oil reserve by January

Nasdaq


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

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

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

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 …