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

Noble Gets $136M Brunei Drillship Job

James Fisher, Aquaterra Launch Global Decommissioning Partnership

Arabian Drilling Set to Resume Ops with Three Offshore Rigs

Oil Jumps 3% on Renewed US-Iran Conflict

Eni Enlists OneSubsea for Deepwater Umbilical Supply off Indonesia

Hormuz Standoff Risks Chronic Instability for Gulf Oil Flows

Oil Surges 3% on Renewed US-Iran Strikes

Ruwais LNG Commitments Top 90% Capacity with New INPEX Deal

Oil Climbs on US-Iran Deal Uncertainty

ADNOC Launches Global LNG Trading Powerhouse

Current News

Inpex Starts Construction of Indonesia's Abadi LNG Project

Hormuz Crossings Decline as US Renews Iran Blockade

Oil Rises 2% as Middle East Hostilities Escalate

Sunda Energy Applies for Exploration Permit Offshore New Zealand

Unity Enters Asia-Pacific Market with Malaysia P&A Work

Oil Surges to Four-Week High as US-Iran Trade Blows

Velesto Terminates NAGA 3 Jack-Up Rig Sale to Indonesian Firm

Noble Gets $136M Brunei Drillship Job

James Fisher, Aquaterra Launch Global Decommissioning Partnership

Tetragon Energy Advances Oil and Gas Exploration Activities off Philippines

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