U.S. Crude Stocks Rise by 7.2 mln barrels - EIA

by Devika Krishna Kumar
Wednesday, April 3, 2019

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

Crude inventories rose by 7.2 million barrels in the last week, compared with analysts' expectations for an decrease of 425,000 barrels.

Crude stocks at the Cushing, Oklahoma, delivery hub rose by 201,000 barrels, EIA said.

Refinery crude runs rose by 18,000 barrels per day, EIA data showed. Refinery utilization rates fell by 0.2 percentage points.

Gasoline stocks fell by 1.8 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 2 million barrels, versus expectations for a drop of 506,000 barrels, the EIA data showed.

Net U.S. crude imports rose last week by 386,000 barrels per day. 

(Reuters, Reporting by Devika Krishna Kumar in New York)

Categories: Shale Oil & Gas

Related Stories

Saipem Bags $400M in Offshore Contracts from Aramco in Saudi Arabia

Iran-Linked Tankers Sail Through Hormuz Before US Blockade

Hormuz Crisis Signals New Era of Risk for Gulf Energy

Oil Rises as Fragile Middle East Ceasefire Sustains Supply Risks

France Leads 15-Country Effort to Reopen Strait of Hormuz

ABL Transports Northern Endeavour FPSO to Recycling Yard

Fire at ONGC's Offshore Platform Injures 10, Operations Normalized

CPC Oil Exports via Black Sea Stable After Attack Reports

Energy Crisis from War on Iran Deeper Than Widely Assumed

Oil Shoots Over $110 as Trump's Iran Deadline Looms

Current News

Metropolitan CCS Cleared to Drill CO2 Storage Wells off Japan

Saipem Bags $400M in Offshore Contracts from Aramco in Saudi Arabia

Toyo, OneSubsea Form Subsea CCS Partnership

Japan to Launch $10B Fund to Help Asia Secure Oil

TotalEnergies Eyes Black Sea Exploration with Türkiye’s TPAO

IEA Cuts Oil Demand, Supply Outlook Amid Iran War

Philippines Seeks US Extension to Buy Russian Oil

Borr Drilling Expects Higher Activity as Rigs Return to Work

Iran-Linked Tankers Sail Through Hormuz Before US Blockade

China Calls for De-Escalation as US Threatens Hormuz Blockade

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