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

Riyadh Attacks Disrupt Oil Majors' Summit Plans

Oil Stabilizes as IEA Moves to Speed Up Emergency Stock Releases

Oil Climbs on US Storm Threat, Saudi Attack Risks

Inpex Buys Into Two BP-Operated Indonesian Offshore Blocks

TGS to Reprocesses Seismic Data for Petronas’ Megah Discovery

Solstad Maritime Secures APAC Drilling Support Work for AHTS Pair

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

SLB Secures Aramco Well Construction Work for 450 Wells

Inpex Takes Additional Stake in Ichthys LNG

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

Current News

Oil Caught Between Trump's Russia Supply Push and Middle East Risks

Eni Agrees Indonesian Gas Asset Sales to Pertamina and Medco

Riyadh Attacks Disrupt Oil Majors' Summit Plans

Iran Weighs US Response as Hormuz Reopening Talks Stall

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

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