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

Velesto’s Jack-Up Rig Up for Drilling Job with Petronas

Tender-Assist Rigs: Southeast Asia’s Quiet Workhorses Head for Full Utilization

TotalEnergies Inks 15-Year LNG Supply Deal with China's Jiangsu Guoxin

Shell to Exit Australia's North West Shelf Project in $1.45B Deal with XRG

Aramco Third Quarter Profit Up 35% Despite War Disruptions

Woodside Exit Sends East Timor Searching for Greater Sunrise Partner

Strohm Nets Ultra-Deepwater Supply Deal for Southeast Asia’s Gas Scheme

Damaged Tanker Leaks Oil Across UAE Waters as Spill Widens

Inpex Moves $21B Indonesian LNG Project Closer to Investment Decision

Idemitsu Taps PV Drilling for Vietnam's Offshore Drilling Campaign

Current News

Velesto’s Jack-Up Rig Up for Drilling Job with Petronas

Tender-Assist Rigs: Southeast Asia’s Quiet Workhorses Head for Full Utilization

Aker Solutions Lands Major Role in Qatar’s Offshore Oil Field Revamp

TotalEnergies Inks 15-Year LNG Supply Deal with China's Jiangsu Guoxin

Baker Hughes Sets Up Global Network to Bolster Mature Oil and Gas Fields Production

Valaris Secures $600M in New Contracts as Backlog Rises to $4.8B

Production Restart at Australian Offshore Fields Boosts Jadestone's Oil Output

Aramco Targets Hormuz Bypass with East-West Pipeline Expansion

ADES Lands New Offshore Drilling Rig Deals in Angola and Indonesia

Shell to Exit Australia's North West Shelf Project in $1.45B Deal with XRG

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