US Oil, Gasoline Stocks Fall in Latest Week

Posted by Michelle Howard
Wednesday, April 18, 2018
U.S. crude stocks fell last week as refineries cut output, while gasoline and distillate inventories fell, the Energy Information Administration said on Wednesday.

Crude inventories fell by 1.1 million barrels in the week to April 13, compared with analysts' expectations for a decrease of 1.4 million barrels.

Crude stocks at the Cushing, Oklahoma, delivery hub fell by 1.1 million barrels, EIA said.

Refinery crude runs fell by 70,000 barrels per day, EIA data showed. Refinery utilization rates fell by 1.1 percentage points.

Gasoline stocks fell by 3 million barrels, compared with analysts' expectations in a Reuters poll for a 227,000-barrel drop.

Distillate stockpiles, which include diesel and heating oil, fell by 3.1 million barrels, versus expectations for a 268,000-barrel drop, the EIA data showed.

Net U.S. crude imports fell last week by 1.3 million barrels per day.

Reporting By David Gaffen
Categories: Energy Finance Fuels & Lubes

Related Stories

CNOOC Names New CEO

Offshore Vietnam: Energy Imports Rise as Domestic Production Falls

Eni Advances Major Deep Water Gas Hubs with Dual FIDs

PTTEP Picks Everllence Compressors for Thailand’s Offshore CCS Project

OneSubsea Bags Third PTTEP Subsea Systems Contract in One Year

Iran War Exposes Risks of Fossil Fuel Dependence

Oil Drops 7% After Trump Predicts War Could End Soon

Offshore Tech: Seadrill Adopts igus’ Modular Energy Chains

Oil Up 8% as Middle Eastern War Rages

Following Big Loss in 2025, Oil Steadies

Current News

CNOOC Names New CEO

Qatar LNG Exports Cut 17% After Missile Strikes, $20B Revenue Loss Expected

China’s Sinopec Plans to Skip Iranian Oil, Tap Strategic State Reserves

IEA Weighs Further Oil Stock Releases as War on Iran Continues

ADNOC Gas Adjusts LNG Output Amid Hormuz Disruptions

US Oil Shield Starts Showing Cracks as Iran War Drives Prices Higher

US to Deploy Amphibious Assault Ship, Marines to Middle East

Indian Gas Tankers Prepare to Sail Through Strait of Hormuz

Offshore Vietnam: Energy Imports Rise as Domestic Production Falls

Eni Advances Major Deep Water Gas Hubs with Dual FIDs

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