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

Woodside to Shed Some Trinidad and Tobago Assets for $206M

Eco Wave Finds Partner for Wave Energy Project in India

Initial Drilling Results Raise Questions on South Korea’s Offshore Gas Viability

Japan's Mitsui Eyes Alaska LNG Project

China's CNOOC Aims for Record Oil and Gas Production in 2025

EnQuest to Acquire Harbour Energy's Vietnamese Assets

Petronas to Retain National Authority After Sarawak Gas Deal

Yinson Production Scoops $1B Investment to Upscale FPSO Business

US Operator Finds Oil Offshore Vietnam

Europe's Gas Uncertainty Help Drive Asian LNG Spot Prices Higher

Current News

Indonesia Grants Approval to Kuwaiti Firm for Anambas Block in Natuna Sea

ADNOC’s XRG Partners Up with Petronas for Offshore Gas Block in Caspian Sea

Valeura Energy Greenlights Wassana Oil Field Redevelopment off Thailand

Scarborough FPU's Topsides and Hull Come Together in Major Engineering Feat (Video)

Shell-Reliance-ONGC JV Complete India’s First Offshore Decom Project

The Future of Long-Idle Drillships: Cold-Stacked or Dead-Stacked?

TMC Books Compressors Orders for FPSO and LNG Vessels

MODEC, Sumitomo Partner Up for Delivery of Gato do Mato FPSO

Chuditch Gas Field Up for Summer Drilling Ops as Sunda Reshapes Ownership Structure

EnQuest Bags Two Production Sharing Contracts off Indonesia

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