Crude Oil Storage

U.S. crude oil inventories increase by 9.4 million barrels

U.S. crude oil inventories increase by 9.4 million barrels

Weekly Crude Oil Storage as of April 8, 2022

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 9.4 million barrels from the previous week.  At 421.8 million barrels, U.S. crude oil …

Source: Reuters

Analysis: U.S. strategic oil sale speeds fuel-price fix, but at what cost?

Nasdaq


The Biden administration is selling a record amount of emergency oil from national reserves to tame soaring U.S. fuel prices as quickly as possible, but the plan could backfire down the road if the stockpile is not replenished quickly.…

Source: Reuters

Oil jumps toward $108 as supply fears persist despite reserves release

Reuters


LONDON/SINGAPORE – Oil jumped over 3% on Monday toward US$108 a barrel as the release of strategic reserves by consuming nations failed to eliminate supply fears arising from Russia’s invasion of Ukraine and the lack of an Iranian nuclear …

Source: Reuters

IEA states agree on coordinated oil release but not volumes – Japan

Reuters


Tokyo, April 1- U.S.-allied countries on Friday agreed to their second coordinated oil release in a month to calm markets roiled by Russia’s invasion of Ukraine, Japan’s industry ministry said, a day after Washington pledged its biggest oil release …

U.S. crude oil inventories decrease by 3.4 million barrels

U.S. crude oil inventories decrease by 3.4 million barrels

Weekly Crude Oil Storage as of March 25, 2022

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.4 million barrels from the previous week.  At 409.9 million barrels, U.S. crude oil …

Source: Reuters

Factbox: Global oil supply disruptions approaching 5-6 mln bpd

US News


Global oil supply disruptions are approaching 5-6 million barrels per day (bpd), according to Reuters’ calculations, as sanctions, conflicts and infrastructure failures hit supply just as demand is recovering close to an all-time high.

The oil market is

Source: World Oil

Biden, allied leaders discuss new round of oil reserve release

World Oil


(Bloomberg) — The U.S. and other major economies this week discussed oil supply and the potential for another round of releases, President Joe Biden’s top national security aide said, raising the prospect of new government intervention to ease …

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 March 18, 2022

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.5 million barrels from the previous week.  At 413.4 million barrels, U.S. crude oil …

Source: Reuters

Analysis: As liquidity dries up, oil braces for whiplash volatility

US News


LONDON  – A $40 a barrel rise and fall in oil prices in March pushed many investors to exit the volatile trade and created the conditions for more wild price swings in the weeks ahead, traders, bankers and

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

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

Weekly Crude Oil Storage as of March 11, 2022

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 4.3 million barrels from the previous week.  At 415.9million barrels, U.S. crude oil inventories …

Source: CNBC

Hess CEO says oil is in the ‘intensive care unit’ — U.S., other nations need to act

CNBC


The CEO of Hess Corporation told CNBC on Tuesday he believes the U.S. and other nations should be doing more to help stabilize oil prices, as the Russia-Ukraine war continues to impact energy markets.

“The oil market now is …

Source: Reuters

U.S. shale oil forecasts keep rising as smaller producers lead the way

Nasdaq


March 2 – Publicly traded U.S. shale firms are not budging on production restraint vows as oil markets surge amid Russia’s invasion of Ukraine, leaving smaller producers to lead output gains during the highest prices in seven years.

Oil …

Source: Reuters

U.S. crude, fuel stocks dwindle as buyers grab from storage – EIA

Nasdaq


March 2 – U.S. crude and fuel stocks fell in the latest week, driving key storage hubs to multi-year lows as strong demand had refiners and other users paying dearer prices to secure supplies.

Oil prices have soared since …

U.S. crude oil inventories decrease by 2.6 million barrels

U.S. crude oil inventories decrease by 2.6 million barrels

Weekly Crude Oil Storage as of February 25, 2022

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.6 million barrels from the previous week.  At 413.4 million barrels, U.S. crude oil …

Source: Reuters

U.S. crude stockpiles rise, fuel inventories fall -EIA

Reuters


Oil prices fell on Wednesday after US crude oil stockpiles rose more than expected, even as fuel inventories dropped and tanks at the nation’s largest storage hub emptied further.

The bigger-than-expected rise in US crude stocks gave some investors …

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 February 11, 2022

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.1 million barrels from the previous week.  At 411.5 million barrels, U.S. crude oil …

U.S. crude oil inventories decrease by 4.8 million barrels

U.S. crude oil inventories decrease by 4.8 million barrels

Weekly Crude Oil Storage as of February 4, 2022

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.8 million barrels from the previous week.  At 410.4 million barrels, U.S. crude oil …

Source: CNBC

Oil prices edge upward, bolstered by supply concerns

CNBC


Oil prices edged higher on Thursday, maintaining the market’s upward trajectory built on expectations that supply will continue to tighten even after OPEC+ producers stuck to planned moderate output increases.

Tight global supplies and global political tensions have boosted …

U.S. crude oil inventories decrease by 1.0 million barrels

U.S. crude oil inventories decrease by 1.0 million barrels

Weekly Crude Oil Storage as of January 28, 2022

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.0 million barrels from the previous week.  At 415.1 million barrels, U.S. crude oil …

Source: Reuters

U.S. clears second-largest ever loan of oil from strategic reserve

World Oil


(Bloomberg) –The U.S. Department of Energy announced the loan of 13.4 million barrels of crude oil from its strategic reserve as part of a renewed effort by the Biden administration to contain oil prices that have surged to …

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 January 21, 2022

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.4 million barrels from the previous week.  At 416.2 million barrels, U.S. crude oil …

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 14, 2022

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.5 million barrels from the previous week.  At 413.8 million barrels, U.S. crude oil …

Source: Reuters

U.S. crude stockpiles fall to 2018 lows, gasoline inventories surge – EIA

Reuters


Crude inventories fell by 4.6 million barrels in the week to Jan. 7 to 413.3 million barrels, compared with analysts’ expectations in a Reuters poll for a 1.9 million-barrel drop.

 

US crude inventories have dropped for seven consecutive …

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 January 7, 2022

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.6 million barrels from the previous week.  At 413.3 million barrels, U.S. crude oil …

Source: Reuters

Oil slips from highest level in a month as U.S. stockpiles surge

Oil Now


Oil prices lost ground on Thursday, falling from their highest levels in more than a month after U.S. fuel stockpiles surged amid declining demand.

The global benchmark Brent crude futures fell 63 cents, or 0.8%, to $80.17 a …

U.S. crude oil inventories decrease by 2.1 million barrels

U.S. crude oil inventories decrease by 2.1 million barrels

Weekly Crude Oil Storage as of December 31, 2021

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.1million barrels from the previous week.  At 417.9 million barrels, U.S. crude oil inventories …

U.S. crude oil inventories decrease by 4.7 million barrels

U.S. crude oil inventories decrease by 4.7 million barrels

Weekly Crude Oil Storage as of December 17, 2021

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.7 million barrels from the previous week.  At 423.6 million barrels, U.S. crude oil …

Source: World Oil

Biden’s crude sale moves to second round with bids due Jan. 4

World Oil


 

(Bloomberg) –The Biden administration’s release of crude from U.S. emergency reserves in an effort to cool oil’s rally is going into a second round, with bids due by the first working day of the year.

 

 …

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 10, 2021

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.6 million barrels from the previous week.  At 428.3 million barrels, U.S. crude oil …

Source: World Oil

Biden’s strategic crude sale hasn’t inspired action from other nations

World Oil


SINGAPORE (Bloomberg) –It’s been almost three weeks since the U.S. unveiled an internationally coordinated release of oil from national reserves, but so far there’s been little follow through from the other five nations.

President Joe Biden said on …