EIA Reports Crude Inventories are Up Again
Crude Sees Another Build in Todays EIA Report. Crude Inventories 🔺up 7.6M Gasoline 🔽 down 1.9M Distillates 🔺up 2.7M Ethanol 🔽up 11M SBR ⛔ No Change The U.S. Energy Information Administration (EIA) report a crude oil inventory build of 7.6 million barrels for the week to February 17, causing crude […]
EIA Report: MASSIVE Crude Build
MASSIVE Build for Crude in EIA report. Crude Oil Inventory Build 16,283,000 barrels 🔻 Gasoline Inventory Build of 2,316,000 barrels 🔻 Distillates Inventory Decline of 1,300,000 barrels ✅ Ethanol Inventory Build of 922,000 barrels 🔻 Strategic Petroleum Reserve inventory NC EIA report released today showed a huge increase far outpacing the estimated build. Crude Inventory The week ending February 10 saw the […]
Oil Inventories Build. Up 2.4 M in Recent EIA
EIA: Oil Inventories Up 2.4 Million Barrells, Continuing Trend of Builds Over Recent Weeks. Crude oil: +2.4M Domestic prod: 12.3MMbpd SPR: NC Cushing: +1.1M Gasoline: +5.0M Implied mogas demand: 8.43MMbpd Distillates: +2.9M Refiner utilization: 87.9% Total exports: 9.16MMbpd After three weeks of inventory builds, two of which were substantial, the U.S. […]
Oil Inventories Up for the 6th Straight Week.
U.S. crude stockpiles rose for a sixth straight week last week, reaching their highest in 20 months. Inventories rose by 4.14M barrels during the week ended Jan. 27. The Energy Information Administration, said in its Weekly Petroleum Status Report. The build was above the 0.376M forecast by industry analysts and compared with the rise of […]
EIA Oil Inventory Shows Miniscule Build. SPR Remains Flat.
EIA Weekly Oil Inventory Shows Modest Increase. The U.S. Energy Information Administration (EIA) reported a build of 500,000 barrels of oil inventory for the week ending January 20. This comes after two previous sizeable builds of 8.4 million and 19 million barrels for the second and first weeks of January, respectively. Currently, crude oil inventories […]
SPR Drops to Lowest Level Since 1983 EIA Reports
SPR Drops to Lowest Level Since 1983 EIA Reports 1/11/23 EIA Weekly Petroleum Status report indicated that U.S. Strategic Petroleum Reserve (SPR) fell to new lows of 371.6 million barrels. There has been a steady decline in the SPR for many months. The decline is expedited by the U.S. administration releasing oil from the […]
Gas Inventory Inches Up, Despite Being at Record Lows
EIA Gasoline Inventory Up in Recent Report EIA Report 1/11/23 Shows Gasoline Inventory rose just over 4 million barrels from, previous week. This Increase comes on the heels of a crippling Winter Storm that saw large swaths of the United States staying off the roads. Even with the increase in overall Gasoline Inventory it is […]
