Crude Oil Storage

U.S. crude oil inventories decrease by 0.5 million barrels

U.S. crude oil inventories decrease by 0.5 million barrels

Weekly Crude Oil Storage as of June 2, 2023

 

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 0.5 million barrels from the previous week.  At 459.2 million barrels, U.S. crude …

U.S. crude oil inventories increase by 4.5 million barrels

U.S. crude oil inventories increase by 4.5 million barrels

Weekly Crude Oil Storage as of May 26, 2023

 

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 4.5 million barrels from the previous week.  At 459.7 million barrels, U.S. crude …

Source: CNBC

Oil prices up after bullish Saudi comments, falling U.S. stockpiles

CNBC


Oil prices rose on Wednesday after data showed U.S. inventories and fuel supplies tightening and following a warning from the Saudi energy minister to speculators raised the prospect of further OPEC+ output cuts.

Brent crude futures rose $1.42, or …

U.S. crude oil inventories decrease by 12.5 million barrels

U.S. crude oil inventories decrease by 12.5 million barrels

Weekly Crude Oil Storage as of May 19, 2023

 

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 12.5 million barrels from the previous week.  At 455.2 million barrels, U.S. crude …

Source: Reuters

Global oil demand hit a record high in March

Oil Price


Rising demand in China and the United States sent global oil demand surging by 3 million barrels per day (bpd) in March compared to February and hitting the highest level on record, data from the Joint Organizations Data …

U.S. crude oil inventories increase by 5.0 million barrels

U.S. crude oil inventories increase by 5.0 million barrels

Weekly Crude Oil Storage as of May 12, 2023

 

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.0 million barrels from the previous week.  At 467.6 million barrels, U.S. crude …

Source: Reuters

IEA: Oil bears are disregarding an imminent supply shortage

Oil Price


The decline in oil prices over the past few weeks contrasts with an expected tightening of the market later this year when demand exceeds supply by nearly 2 million barrels per day (bpd), the International Energy Agency (IEA) …

Source: World Oil

U.S. Department of Energy soliciting bids for crude oil to replenish petroleum reserve

World Oil


(Bloomberg) – The U.S. is soliciting bids for up to 3 MMbbl of sour crude oil to refill its depleted Strategic Petroleum Reserve.

 

Deliveries into the emergency government stockpile are planned for August, with awards to be

Source: Reuters

U.S. could start buying oil to refill SPR as early as June

Oil Price


The U.S. Administration could begin crude oil repurchases to fill the Strategic Petroleum Reserve as early as in June, after a Congressionally-mandated sale from the SPR is completed next month, U.S. Secretary of Energy Jennifer Granholm said on …

U.S. crude oil inventories increase by 3.0 million barrels

U.S. crude oil inventories increase by 3.0 million barrels

Weekly Crude Oil Storage as of May 5, 2023

 

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.0 million barrels from the previous week.  At 462.6 million barrels, U.S. crude …

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

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

Weekly Crude Oil Storage as of April 28, 2023

 

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.3 million barrels from the previous week.  At 459.6 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 April 14, 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 466.0 million barrels, U.S. crude …

U.S. crude oil inventories increase by 0.6 million barrels

U.S. crude oil inventories increase by 0.6 million barrels

Weekly Crude Oil Storage as of April 7, 2023

 

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.6 million barrels from the previous week.  At 470.5 million barrels, U.S. crude …

Source: Reuters

Oil rises as US stockpiles may drop, demand signs stay strong

Nasdaq


SINGAPORE – Oil prices rose on Tuesday on expectations that inventories in the U.S., the world’s biggest crude consumer, are expected to fall and on signs that demand in emerging markets remains healthy.

Crude futures likely received a boost …

U.S. crude oil inventories decrease by 3.7 million barrels

U.S. crude oil inventories decrease by 3.7 million barrels

Weekly Crude Oil Storage as of March 31, 2023

 

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.7 million barrels from the previous week.  At 470.0 million barrels, U.S. crude …

U.S. crude oil inventories decrease by 7.5 million barrels

U.S. crude oil inventories decrease by 7.5 million barrels

Weekly Crude Oil Storage as of March 24, 2023

 

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 7.5 million barrels from the previous week.  At 473.7 million barrels, U.S. crude …

Source: Reuters

Oil falls as US holds off refilling strategic reserve

BOE Report


Oil prices extended losses on Friday on worries about a potential oversupply after U.S. Energy Secretary Jennifer Granholm said refilling the country’s Strategic Petroleum Reserve (SPR) may take several years.

U.S. West Texas Intermediate crude futures slipped $1.65, …

Source: Oil Price

It will take years to replenish Strategic Petroleum Reserve: Granholm

Oil Price


Oil prices may be trading in a sweet spot for buyers, but it will take years to replenish the nation’s Strategic Petroleum Reserves, U.S. Energy Secretary Jennifer Granholm said.

 

When the Biden Administration sold off 221 million …

U.S. crude oil inventories increase by 1.1 million barrels

U.S. crude oil inventories increase by 1.1 million barrels

Weekly Crude Oil Storage as of March 17, 2023

 

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.1 million barrels from the previous week.  At 481.2 million barrels, U.S. crude …

Source: Oil Price

The Biden administration is in no rush to refill the SPR

Oil Price


The Biden administration will not rush into refilling the strategic petroleum reserve but rather take things one day at a time, the White House’s Special Presidential Coordinator for Global Infrastructure and Energy Security, Amos Hochstein, has said as …

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 March 10, 2023

 

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.6 million barrels from the previous week.  At 480.1 million barrels, U.S. crude …

U.S. crude oil inventories decrease by 1.7 million barrels

U.S. crude oil inventories decrease by 1.7 million barrels

Weekly Crude Oil Storage as of March 3, 2023

 

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.7 million barrels from the previous week.  At 478.5 million barrels, U.S. crude …

Source: Reuters

U.S. crude oil inventories continue to build

Oil Price


Crude oil inventories in the United States saw another significant increase, with a 6.203 million barrel increase last week, the American Petroleum Institute (API) data showed on Tuesday, bringing the total number of barrels gained so far this …

U.S. crude oil inventories increase by1.2 million barrels

U.S. crude oil inventories increase by1.2 million barrels

Weekly Crude Oil Storage as of February 24, 2023

 

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.2 million barrels from the previous week.  At 480.2 million barrels, U.S. crude …

U.S. crude oil inventories increase by 7.6 million barrels

U.S. crude oil inventories increase by 7.6 million barrels

Weekly Crude Oil Storage as of February 17, 2023

 

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 7.6 million barrels from the previous week.  At 479.0 million barrels, U.S. crude …

U.S. crude oil inventories increase by 16.3 million barrels

U.S. crude oil inventories increase by 16.3 million barrels

Weekly Crude Oil Storage as of February 10, 2023

 

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 16.3 million barrels from the previous week.  At 471.4 million barrels, U.S. crude …

U.S. crude oil inventories increase by 2.4 million barrels

U.S. crude oil inventories increase by 2.4 million barrels

Weekly Crude Oil Storage as of February 3, 2023

 

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.4 million barrels from the previous week.  At 455.1 million barrels, U.S. crude …

U.S. crude oil inventories increase by 4.1 million barrels

U.S. crude oil inventories increase by 4.1 million barrels

Weekly Crude Oil Storage as of January 27, 2023

 

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 4.1 million barrels from the previous week.  At 452.7 million barrels, U.S. crude …

U.S. crude oil inventories increase by 0.5 million barrels

U.S. crude oil inventories increase by 0.5 million barrels

Weekly Crude Oil Storage as of January 20, 2023

 

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.5 million barrels from the previous week.  At 448.5 million barrels, U.S. crude …

U.S. crude oil inventories increase by 8.4 million barrels

U.S. crude oil inventories increase by 8.4 million barrels

Weekly Crude Oil Storage as of January 13, 2023

 

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 8.4 million barrels from the previous week.  At 448.0 million barrels, U.S. crude …