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

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

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

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

French Oil Major Acquires Interests in Multiple Blocks in Southeast Asia

Fugro Expands Geotechnical Testing Capabilities in Indonesia

CNOOC Sees 11% Profit Growth in 2024 Driven by Record Oil Production

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