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

Valeura Starts Wassana Platform Installation Offshore Thailand

Eni Taps Yinson Production for Major Ghana FPSO Gas Upgrade

Höegh Evi, PETROS to Develop Kuching LNG Terminal in Malaysia

Thailand-Malaysia Gas Pipeline Temporarily Shut Over Inspection Issue

SBM Offshore Taps Chinese Contractor for FPSO Topside Modules

Arabian Drilling Inks $533M Deal for Four Jack-Up Drilling Rigs

Inpex Takes Additional Stake in Ichthys LNG

Eni and Petronas JV Extend Drilling Backlog for Ventura Offshore’s Semi-Sub Rig

Eni Confirms Sapukala Deepwater Block Award in Indonesia

South Korea Aims to Cut Middle East Crude Dependence to 50% by 2035

Current News

Valeura Starts Wassana Platform Installation Offshore Thailand

Oil Stabilizes as IEA Moves to Speed Up Emergency Stock Releases

Yinson Production Raises $1.46B to Refinance Agogo FPSO

Oil Climbs on US Storm Threat, Saudi Attack Risks

KBR to Support Aramco’s Marjan Offshore Field Upgrade

Oil Industry Braces for Years of Market Disruption

Eni Taps Yinson Production for Major Ghana FPSO Gas Upgrade

ADNOC Signs Multi-Year LNG Supply Deal with Thailand’s Gulf Group

Iran Set to Keep Hormuz Shut Until Seven Demands Are Met

LNG Flows Through Hormuz Hit Seven-Month High

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