U.S. Crude Stocks Up by 6.5 mln barrels - EIA

Posted by Michelle Howard
Wednesday, October 17, 2018

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

Crude inventories rose by 6.5 million barrels in the week to Oct. 12, compared with analysts' expectations for an increase of 2.2 million barrels.

Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.8 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 2 million barrels, compared with analysts' expectations in a Reuters poll for a 1.1 million-barrel drop.

Distillate stockpiles, which include diesel and heating oil, fell by 827,000 barrels, versus expectations for a 1.3 million-barrel drop, the EIA data showed.

Net U.S. crude imports rose last week by 1 million barrels per day.

Reporting By David Gaffen

Categories: Shale Oil & Gas

Related Stories

Seatrium Maintains $12.8B Order Book on Renewables and FPSO Progress

Mooreast to Assess Feasibility of Floating Renewables Push in Timor-Leste

Sponsored: Energy Sector Urged to Scale AI Adoption at ADIPEC

Major Oil and Gas Projects Drive Strong OSV Demand in the Middle East

Sponsored: UAE Breaks Ground on GW-Scale Renewable Energy Hybrid

Pharos Energy Kicks Off Drilling Campaign Offshore Vietnam

RINA Wins FEED Contract for Petronas’ Flagship CCS Project in Malaysia

Eni-Petronas Gas Joint Venture Up for Launch in 2026

Vietsovpetro Brings BK-24 Oil Platform Online Two Months Early

Propane’s Economic Edge for Ports During Trade Uncertainty

Current News

Seatrium Maintains $12.8B Order Book on Renewables and FPSO Progress

Petrobras’ New FPSO Sets Sail From South Korea to Brazil's Santos Basin

Eneos Warns on Skyrocketing Costs fo Offshore Wind

Mooreast to Assess Feasibility of Floating Renewables Push in Timor-Leste

Malaysia Issues First Offshore CCS Permit to Petronas Subsidiary

Sponsored: Record Deals and Record Attendance Underscore ADIPEC’s Global Impact

Sponsored: Energy and Finance Chiefs Call for Sound Policy, Stable Frameworks at ADIPEC

Sponsored: Energy Sector Urged to Scale AI Adoption at ADIPEC

Sponsored: Policy, AI, and Capital Take Center Stage at ADIPEC 2025

Major Oil and Gas Projects Drive Strong OSV Demand in the Middle East

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