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Oil Jumps As Crude Inventories Draw. Crude oil prices moved higher today after the Energy Information Administration reported an inventory decline of 2.1 …The American Petroleum Institute (API) has reported a major inventory build of 12.940 million barrels in U.S. crude inventories, compared to last week’s 4.210-million-barrel draw.Residual fuel oil typically sells for less than crude oil, but refiners can invest in equipment to upgrade these heavier petroleum fractions into more valuable light products. Whereas Japan’s refined product output is 11% residual fuel oil, U.S. refineries’ residual fuel oil yields are about 2%, and China’s refineries yield about 8%.Crude oil prices inched lower today, after the U.S. Energy Information Administration reported an inventory draw of 4.6 million barrels for the week to April 14. This compared with a modest build ...Where traders around the world get their data. Since 1929, API’s Weekly Statistical Bulletin (WSB) has reported total U.S. and regional crude inventories and data related to refinery operations, as well as the production, imports, and inventories of the four other major petroleum products: motor gasoline, kerosene jet fuel, distillate fuel oil, and residual fuel oil. Crude oil inventories in the United States increased this week by 1.024 million barrels, the American Petroleum Institute (API) data showed on Tuesday. Analysts were expecting a slight decline in ...Join Our Community. Crude oil prices moved further up today after the U.S. Energy Information Administration reported a crude oil inventory decline of 12.6 million barrels for the week to November ...20 Okt 2023 ... Crude oil and petroleum products play a very important role in the economy of the European Union and, given the oil import dependency of the EU, ...Oct 4, 2023 · Crude inventories fell by 2.2 million barrels in the week to Sept. 29 to 414.1 million barrels, their lowest since December 2022. Analysts polled by Reuters had expected a 400,000-barrel drop. 19 Agu 2020 ... The American Petroleum Institute (API) reported a draw in crude oil inventories of –4.264 million barrels last week, which beat expectations ...Crude oil inventories in the United States fell by 4.383 million barrels for week ending October 13, according to The American Petroleum Institute (API), countering the large 12.940-million-barrel ...Crude oil inventories in the United States slipped this week, with a 3.835 million barrel decrease, the American Petroleum Institute (API) data showed on Tuesday, bringing the total number of ...Jun 22, 2023 · U.S. crude oil exports climbed to 4.5 million barrels per day last week, while imports fell about 50% to 1.6 million barrels per day. "A rebound in crude exports, dip in imports, and ongoing ... Crude oil inventories in the Gulf Coast often fall sharply in December, averaging a decline of nearly 8 million barrels in that month from 1981 through 2011. Preliminary data for December 2012 show a decline of more than 12.5 million barrels in the region, bringing end-of-year crude inventories to approximately 165 million barrels. ...EIA crude oil inventory data refers to the weekly data released by the Energy Information Administration (EIA) on the level of crude oil inventory in the United States. These data have a significant impact on the global crude oil market, as the United States is one of the largest crude oil consumers in the world, and changes in its …SYDNEY, March 20 (Reuters) - China still added more crude oil to inventories in the first two months of the year, despite lower imports and higher refinery processing rates. About 270,000 barrels ...The latest data on the weekly change in the number of barrels of commercial crude oil held by US firms, released by the Energy Information Administration (EIA). The level of inventories influences the price of petroleum products, which can have an impact on inflation. See actual, forecast and previous values, as well as news and analysis on oil prices and supply.Crude oil inventories in the United fell this week by 3.939 million barrels, the American Petroleum Institute (API) data showed on Tuesday, with analysts expecting a 1 million barrel drawRelease Day & Time: U.S. API Weekly Crude Oil Stock inventor is released on Tuesday Night at 02:00 AM (IST), which gives a glimpse of the movement of the crude oil for the day trading session on Wednesday before releasing US Crude Oil inventory data, whereas US crude oil inventory data is released on Wednesday night between …Crude oil inventories rose by 3.298 million barrels, American Petroleum Institute (API) data showed on Wednesday, after a million bpd in U.S. refining capacity was taken offline last week.Crude oil prices increased in the first half of the year because of supply concerns. Russia’s full-scale invasion of Ukraine came during eight consecutive quarters (from the third quarter of 2020 to the second quarter of 2022) of global crude oil inventory decreases. The lower inventory was the result of withdrawals from storage to meet the ...Feb 15, 2023 · Crude oil prices fell today after the U.S. Energy Information Administration reported an inventory build of 16.3 million barrels for the week to February 10. This compared with a build of 2.4 ... Nov 2, 2023 · Our assumption is that Iran will raise phe American Petroleum Institute (API) on Tuesday reported a build Nov 29, 2023 · Meanwhile, crude oil exports were 3.5 MMbbl/d, up 500,000 bbl/d from the week prior and from the same week in 2019. U.S. commercial crude oil inventories, excluding the Strategic Petroleum Reserve, were at 492.4 million barrels, which was 13% above the five-year seasonal average (Figure 1). Natural gas inventories. 11/24/2023: 3,836 Bcf. up 10 Bcf fro 16 Mar 2010 ... Key words: Oil market; speculation; fundamentals; peak oil; inventories; demand; supply; oil demand elasticity; gasoline demand elasticity; ...The American Petroleum Institute (API) reported a build this week for crude oil of 5.607 million barrels, while analysts predicted a draw of 1.433 million barrels. It is the first build over 5 ... Crude oil inventories fell by 1.3 million barrels, Ameri

Crude oil inventories in the United States fell this week by 817,000 barrels for week ending November 24, according to The American Petroleum Institute (API), …227.37. 2.2213. 0.99%. More. Crude Oil decreased 6.38 USD/BBL or 7.93% since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on December of 2023.The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation. If the increase in crude inventories is more than expected, it …19 Jan 2023 ... Crude oil down 1% on another surprise build in US crude stocks; Brent hits $84.25/bbl. Adding to the pall, data from the American Petroleum ...

According to the latest API data, U.S. crude oil inventories rose unexpectedly by 3.3 million barrels for the week ending March 17, defying expectations for a drawdown of about 1.6 million barrels ...Crude oil inventories at Cushing are now 26% lower than normal, based on the previous five-year (2016–2020) average for that time of year. The Cushing storage hub is the crude oil delivery point for the NYMEX West Texas Intermediate (WTI) crude oil futures contract and is home to 14% of U.S. commercial tank and underground crude oil working ...Crude oil inventories rose by 3.298 million barrels, American Petroleum Institute (API) data showed on Wednesday, after a million bpd in U.S. refining capacity was taken offline last week.…

Reader Q&A - also see RECOMMENDED ARTICLES & FAQs. NGF24. -1.31%. Oil futures climbed Wednesda. Possible cause: Crude oil inventories in the United States fell by 4.383 million barrel.