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

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Yinson Production Closes $1B Investment to Drive Further Growth

French Oil Major Acquires Interests in Multiple Blocks in Southeast Asia

Fugro Expands Geotechnical Testing Capabilities in Indonesia

ABL Lands Work on BP’s Indonesian Gas and CCUS Project

Current News

Santos and QatarEnergy Agree Mid-Term LNG Supply

PTTEP Hires Energy Drilling’s Rig for Southeast Asia Offshore Job

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

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