U.S. Crude Stockpiles Unexpectedly Rise - EIA

Posted by Michelle Howard
Wednesday, August 7, 2019

U.S. crude stocks rose last week, while gasoline and distillate inventories also rose, the Energy Information Administration said on Wednesday.

Crude inventories rose by 2.4 million barrels in the last week, compared with analysts' expectations for a decrease of 2.8 million barrels.

Crude stocks at the Cushing, Oklahoma, delivery hub fell by 1.50 million barrels, EIA said.

Refinery crude runs rose by 786,000 barrels per day, EIA data showed. Refinery utilization rates rose by 3.4 percentage points.

Gasoline stocks rose by 4.4 million barrels, compared with analysts' expectations in a Reuters poll for a 722,000-barrel drop.

Distillate stockpiles, which include diesel and heating oil, rose by 1.5 million barrels, versus expectations for a 482,000 barrels increase, the EIA data showed.

Net U.S. crude imports rose last week by 1.194 million barrels per day.

Categories: Shale Oil & Gas

Related Stories

Oil Hikes 7% after Trump Says US-Israel will Keep Striking Iran

Drone Strike on Kuwaiti Oil Tanker off Dubai Signals Further Escalation in Gulf

INPEX Extends Pertamina LNG Pact, Signs Upstream MoU in Southeast Asia

Big Oil to Look Beyond Middle East as War Raises Risks

Arabian Drilling Flags Temporary Offshore Rig Suspensions in Persian Gulf

Rising Costs of War: Gulf Energy Infrastructure Stares Down $25B Repair Bill

ADES Expects Up to 44% Earnings Rise Despite Regional Tensions Impacting Rigs

Oil Falls on Middle East Ceasefire Hopes, Easing Supply Fears

CNOOC Names New CEO

Qatar LNG Exports Cut 17% After Missile Strikes, $20B Revenue Loss Expected

Current News

Oil Hikes 7% after Trump Says US-Israel will Keep Striking Iran

Iran Assures Safe Hormuz Transit for Philippine Vessels

EnQuest Enters Malaysia with Cendramas Production Sharing Deal

Bahrain Push for Hormuz Shipping Resolution Hits Hurdles at UN

Energean Warns Prolonged Conflict May Delay $1B Gas Project

Iran War Reshapes Global LNG Trade

Drone Strike on Kuwaiti Oil Tanker off Dubai Signals Further Escalation in Gulf

INPEX Extends Pertamina LNG Pact, Signs Upstream MoU in Southeast Asia

Chiyoda, NYK, KNCC Target Global CCS Value Chain Development

PV Drilling Names New ‘Super Rig’ ahead of April Operations

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