U.S. Crude Stocks Up by 6 mln Barrels - EIA

Posted by Michelle Howard
Thursday, October 11, 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 Thursday.

Crude inventories rose by 6 million barrels in the week to October 5, compared with analysts' expectations for an increase of 2.6 million barrels.

Crude stocks at the Cushing, Oklahoma, delivery hub rose by 2.4 million barrels, EIA said.

Refinery crude runs fell by 352,000 barrels per day, EIA data showed. Refinery utilization rates fell by 1.6 percentage points.

Gasoline stocks rose by 1 million barrels, compared with analysts' expectations in a Reuters poll for a fall of 42,000 barrels.

Distillate stockpiles, which include diesel and heating oil, fell by 2.7 million barrels, versus expectations for a 2 million-barrel drop, the EIA data showed.

Net U.S. crude imports fell last week by 1.4 million barrels per day.

Reporting By David Gaffen

Categories: Shale Oil & Gas

Related Stories

TGS Gets Exclusive Rights for Seismic Survey Offshore Brunei

Petronas Unit Probes Cause of Fire at Offshore Platform in Malaysia

SBM Offshore, SWS Sign Deal for Seventh FPSO Hull

Markets: Oil Majors Reload Exploration Hoppers Across Sub-Saharan Africa

Walking Into the Future: ADNOC Drilling Unveils First AI-Powered Island Rig

Oman Opens Alternative Hormuz Lanes as Shipping Recovery Continues

Perenco Inks Gas Sales Deal for Vietnamese Offshore Field

Iran War Sparks Global Rush to Build Strategic Oil Reserves

Aramco Explores Asset Sales in Multi-Billion Dollar Fundraising Push

Oil Drops to 3-Month Low as US-Iran Deal Signals Supply Return

Current News

SLB to Support Kuwait Oil's AI and Digital Tech Initiative

Sunda Reviews Timor-Leste Appraisal Plans as New Zealand Deal Advances

TGS Gets Exclusive Rights for Seismic Survey Offshore Brunei

Petronas Unit Probes Cause of Fire at Offshore Platform in Malaysia

SBM Offshore, SWS Sign Deal for Seventh FPSO Hull

Hormuz Reopening Risks Turning Oil Shortage Into Glut

Oil Holds Steady After US, Iran Agree to Cease Attacks

Floating Nuclear: A New Offshore Energy Frontier

Markets: Oil Majors Reload Exploration Hoppers Across Sub-Saharan Africa

ONGC Completes 44 Offshore Rig Moves Ahead of Monsoon Season

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