U.S. Crude Stocks Jump 10.3 mln arrels Last Week - EIA

By Devika Krishna
Thursday, November 15, 2018

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

Crude inventories rose by 10.3 million barrels in the last week, compared with analysts' expectations for an increase of 3.2 million barrels.

Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.17 million barrels, EIA said.

Refinery crude runs rose by 24,000 barrels per day, EIA data showed. Refinery utilization rates rose by 0.1 percentage points.

Gasoline stocks fell by 1.4 million barrels, compared with analysts' expectations in a Reuters poll for a 1.5-million barrel drop.

Distillate stockpiles, which include diesel and heating oil, fell by 3.6 million barrels, versus expectations for a 1.7-million barrels drop, the EIA data showed.

Net U.S. crude imports rose last week by 268,000 barrels per day. 

(Reporting by Devika Krishna Kumar in New York)

Categories: Shale Oil & Gas

Related Stories

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

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

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

PTTEP Orders OneSubsea Systems for Two Deepwater Projects off Malaysia

Russia's Lukoil Takes Up Gunvor’s Offer for Foreign Assets

Pertamina Joins Petronas in Ultra-Deepwater Asset off Indonesia

Malaysia’s Petronas and Oman’s OQEP Strengthen Oil and Gas Ties

Energy Drilling’s EDrill-2 Rig Starts Ops for PTTEP in Gulf of Thailand

Vietsovpetro Brings BK-24 Oil Platform Online Two Months Early

Ventura Offshore’s Semi-Sub Rig to Keep Drilling for Eni in Asia

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