U.S. Crude Stocks Rise by 8 mln Barrels

Posted by Michelle Howard
Wednesday, October 3, 2018

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

Crude inventories rose by 8 million barrels in the week to Sept. 28, compared with analysts' expectations for an increase of 2 million barrels.

Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.7 million barrels, EIA said.

Refinery crude runs rose by 77,000 barrels per day, EIA data showed. Refinery utilization rates remained unchanged.

Gasoline stocks fell by 459,000 barrels, compared with analysts' expectations in a Reuters poll for a 1.3 million-barrel gain.

Distillate stockpiles, which include diesel and heating oil, fell by 1.8 million barrels, versus expectations for a 1.3 million-barrel drop, the EIA data showed.

Net U.S. crude imports rose last week by 1.1 million barrels per day.

Reporting By David Gaffen

Categories: Shale Oil & Gas

Related Stories

EnQuest to Buy Malaysia Offshore Interests in $833M Deal

Petronas Signs 20-Year LNG Supply Deal with Japan's JERA

Oil Shoots Over $4 as Israel Expands Strikes Against Iran and Lebanon

Eni and Petronas Launch Southeast Asia Gas Joint Venture Searah

Oil Slips as Oman Reports Normal Operations at Key Oil Terminal

Conrad Secures Drilling Rig for Mako Gas Field off Indonesia

Oman’s Block 50 Offshore Drilling Ops Face Further Delays

Velesto’s Jack-Up Rig Up for Gulf of Thailand Drilling Campaign

Indonesia Targets Higher Oil and Gas Output in 2027

BP Launches Gas Production at Azerbaijan’s Giant ACG Field

Current News

EnQuest to Buy Malaysia Offshore Interests in $833M Deal

Oil Holds Steady as Markets Assess Renewed US-Iran Hostilities

ADNOC Looks to Canada for Upstream and LNG Growth Through XRG

Petronas Signs 20-Year LNG Supply Deal with Japan's JERA

Oil Prices Slide as Israel-Iran Suspend Strikes

Ichthys LNG Strike Intensifies as Union Talks with Inpex Collapse

Oil Shoots Over $4 as Israel Expands Strikes Against Iran and Lebanon

Eni and Petronas Launch Southeast Asia Gas Joint Venture Searah

Oil Slips as Oman Reports Normal Operations at Key Oil Terminal

Petronas Signs Offshore Oil Recovery Collaboration Deal

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