U.S. Crude Stocks Rise, Gasoline, Diesel Stocks Down - EIA

Posted by Michelle Howard
Wednesday, October 24, 2018

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

Crude inventories rose by 6.3 million barrels in the week to Oct. 19, compared with analyst expectations for an increase of 3.7 million barrels.

Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.4 million barrels, EIA said.

Refinery crude runs fell by 48,000 barrels per day, EIA data showed. Refinery utilization rates rose by 0.4 percentage points.

Gasoline stocks fell by 4.8 million barrels, compared with analysts' expectations in a Reuters poll for a 1.9 million-barrel drop.

Distillate stockpiles, which include diesel and heating oil, fell by 2.3 million barrels, versus expectations for a 1.9 million-barrel drop, the EIA data showed.

Net U.S. crude imports fell last week by 335,000 barrels per day. 

Reporting By David Gaffen

Categories: Government Shale Oil & Gas

Related Stories

Longitude to Integrate SynergenOG Following ABL Group Acquisition

Norway O&G Revenue Forecast Jumps 30% for '26

Dolphin Drilling Boosts Backlog with Harbour Energy Deal, Oil India Extension

Oil Prices Edge Higher Amid Uncertainty Over Iran Deal

Oil Jumps 4% After Trump Rejects Iran’s Peace Response

Technology as Enabler of Energy Security in Offshore Asia

Saipem Poised for Middle East Repair Work After Iran War

Bureau Veritas Expands Offshore Services with New Asia Hub

Valeura Charters Shelf Drilling’s Jack-Up Rig for Gulf of Thailand Ops

Oil Prices Jump as Ships Come Under Fire in Strait of Hormuz

Current News

PV Drilling Secures Jack-Up Rig Deal from Zarubezhneft off Vietnam

Longitude to Integrate SynergenOG Following ABL Group Acquisition

Petronas Signs 20-year Charter Deal with MISC for Five LNG Carrier Newbuilds

Global Oil Supply to Fall Short of Demand as Iran War Goes On, IEA Says

Iraq, Pakistan Secure Oil Shipments via Hormuz with Iran Agreements

Norway O&G Revenue Forecast Jumps 30% for '26

QatarEnergy, TotalEnergies and ConocoPhillips Team Up on Syria Offshore Block

FOS Picks Incat Crowther to Design Fast CTV Fleet for Shell’s Brunei Ops

Dolphin Drilling Boosts Backlog with Harbour Energy Deal, Oil India Extension

Oil Prices Edge Higher Amid Uncertainty Over Iran 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