U.S. Crude Stocks Rise by 3.2 mln bbls Last Week - EIA

Reporting by Devika Krishna Kumar
Wednesday, October 31, 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 3.2 million barrels in the last week, compared with analysts' expectations for an increase of 4.1 million barrels.

Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.9 million barrels, EIA said.

Refinery crude runs rose by 149,000 barrels per day, EIA data showed. Refinery utilization rates rose by 0.2 percentage points.

Gasoline stocks fell by 3.2 million barrels, compared with analysts' expectations in a Reuters poll for a 2.1 million barrels drop.

Distillate stockpiles, which include diesel and heating oil, fell by 4.1 million barrels, versus expectations for a 1.4 million barrels drop, the EIA data showed.

Net U.S. crude imports fell last week by 639,000 barrels per day. 

(Reporting by Devika Krishna Kumar in New York)

Categories: Shale Oil & Gas

Related Stories

Planned Strike at Inpex’s Ichthys LNG Facility Called Off as Talks Continue

Eni Inks Long-Term Indonesia LNG Supply Agreements

Indonesia Locks In LNG Supplies from Inpex' Abadi and Eni’s South Hub

Oil Prices Rise as Iran Talks Stall and Inventories Shrink

Indonesia Puts 13 Oil And Gas Blocks on Bidding Round Offer

ScioSense Launches UFC23 Ultrasonic Flow Converter for High-Precision, Ultra-Low-Power Smart Metering

UAE Speeds Up Pipeline Project to Help Bypass Hormuz

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

QatarEnergy, TotalEnergies and ConocoPhillips Team Up on Syria Offshore Block

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

Current News

Planned Strike at Inpex’s Ichthys LNG Facility Called Off as Talks Continue

Eni Inks Long-Term Indonesia LNG Supply Agreements

Indonesia Locks In LNG Supplies from Inpex' Abadi and Eni’s South Hub

Wood Secures Subsea Design Scope on QatarEnergy’s Bul Hanine Redevelopment

Oil Prices Rise as Iran Talks Stall and Inventories Shrink

Indonesia Puts 13 Oil And Gas Blocks on Bidding Round Offer

BP Adds Three Exploration Blocks off Indonesia

Indonesia Signs Eight Oil and Gas Contracts

Inpex Inks Abadi LNG Gas Supply Deal With Indonesian State Firms

Energean Cuts 2026 Output Forecast After Israel Shutdown

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