US Oil Stocks Rise, Refining Rates Cut - EIA

Posted by Michelle Howard
Wednesday, February 14, 2018

U.S. crude stocks rose last week as refineries cut output, while gasoline stocks increased and distillate inventories fell, the Energy Information Administration said on Wednesday.


Crude inventories rose by 1.8 million barrels in the week to Feb. 9, compared with analysts' expectations for an increase of 2.8 million barrels.


Crude stocks at the Cushing, Oklahoma, delivery hub fell by 3.6 million barrels, EIA said.


Refinery crude runs fell by 635,000 barrels per day, EIA data showed. Refinery utilization rates fell by 2.7 percentage points.


Gasoline stocks rose by 3.6 million barrels, compared with analysts' expectations in a Reuters poll for a 1.2 million-barrel gain.


Distillate stockpiles, which include diesel and heating oil, fell by 459,000 barrels, versus expectations for a 1.1 million-barrel drop, the EIA data showed.


Net U.S. crude imports fell last week by 39,000 barrels per day.

Reporting By David Gaffen

Categories: Finance Fuels & Lubes

Related Stories

Russia's Lukoil Takes Up Gunvor’s Offer for Foreign Assets

How Hot Is Your Cable? Understanding Subsea Cable Thermal Performance

Southeast Asia’s 2GW Cross-Border Offshore Wind Scheme Targets 2034 Buildout

Pharos Energy Kicks Off Drilling Campaign Offshore Vietnam

US Pressure on India Could Propel Russia's Shadow Oil Exports

Eni-Petronas Gas Joint Venture Up for Launch in 2026

Timor Gap Boosts Stake in Finder Energy’s Timor-Leste Oil Fields

MDL Secures Cable Laying Job in Asia Pacific

Hibiscus Petroleum Starts Drilling at Teal West Field off UK

Hanwha Ocean's Tidal Action Drillship Starts Maiden Job with Petrobras

Current News

Russia's Lukoil Takes Up Gunvor’s Offer for Foreign Assets

How Hot Is Your Cable? Understanding Subsea Cable Thermal Performance

Sponsored: UAE Breaks Ground on GW-Scale Renewable Energy Hybrid

Pertamina Joins Petronas in Ultra-Deepwater Asset off Indonesia

Malaysia’s Petronas and Oman’s OQEP Strengthen Oil and Gas Ties

Southeast Asia’s 2GW Cross-Border Offshore Wind Scheme Targets 2034 Buildout

Pharos Energy Kicks Off Drilling Campaign Offshore Vietnam

Viridien to Shed More Light on Malaysia’s Offshore Oil and Gas Potential

US Pressure on India Could Propel Russia's Shadow Oil Exports

Energy Drilling’s EDrill-2 Rig Starts Ops for PTTEP in Gulf of Thailand

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com