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: Finance Energy Fuels & Lubes

Related Stories

OPEC+ Passes on Oil Output Increase, Weighs the "Trump Effect"

TVO Selects Collins to Head Australian Ops

Saipem Nets $4B for Work at Qatar’s Giant Gas Field

ADNOC Signs 15-Year LNG Supply Deal with Indian Oil

CNOOC Ticks Another Milestone in Ultra-Deepwater Gas Exploration

New Partner Joins Timor-Leste Offshore Gas Development

Transocean Scoops $123M Drillship Deal in India

DOF Subsea Grows Its APAC Backlog

China's First Purpose-built Offshore Wind SOVs Delivered

IK Group Spins Off Norclamp

Current News

Offshore Service Vessels: What’s in Store in 2025

ABS Approves Hanwha Ocean’s FPSO Design

AI & Offshore Energy: The Higher the Stakes, the More Value AI Creates

Floating LNG Conversion Job Slips Out of Seatrium’s Hands

Transocean’s Drillship to Stay in India Under New $111M Deal

INEOS Picks Up CNOOC’s US Assets in $2B Deal

Sunda Energy, Timor-Leste Gov Plan Accelerated Chuditch Gas Development

RINA to Conduct Pre-FEED Study for Petronas’ CCS Project in Malaysia

TotalEnergies Wraps Up Acquisition of SapuraOMV’s Gas Assets

Kuwaiti Oil and Gas Firm Exploring More Opportunities in Indonesia's Natuna Sea

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