Oil Inventories Plummet, Gasoline, Distillate Inventories Also Drop
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The Energy Information Administration (EIA) released its weekly report today on the status of petroleum inventories in the United States. Here are some highlights: CRUDE OIL INVENTORIES: Crude oil inventories decreased by 12.5 million barrels (MMbbl) to a total of 455.2 MMbbl. At 455.2 MMbbl, inventories are 35.4 MMbbl above last year (8.4%) and are about 3% below the five-year average for this time of year. Inventories in Cushing, OK, the NYMEX delivery point, rose 1.7 million barrels to a total of 37.2 million barrels. The Strategic Petroleum Reserve (SPR) fell 1.6 million barrels from the prior week and stands at 358.0 million barrels, 32.7% below the year ago level.
Oil Inventories Plummet, Gasoline, Distillate Inventories Also Drop
Oil Inventories Plummet, Gasoline, Distillate…
Oil Inventories Plummet, Gasoline, Distillate Inventories Also Drop
The Energy Information Administration (EIA) released its weekly report today on the status of petroleum inventories in the United States. Here are some highlights: CRUDE OIL INVENTORIES: Crude oil inventories decreased by 12.5 million barrels (MMbbl) to a total of 455.2 MMbbl. At 455.2 MMbbl, inventories are 35.4 MMbbl above last year (8.4%) and are about 3% below the five-year average for this time of year. Inventories in Cushing, OK, the NYMEX delivery point, rose 1.7 million barrels to a total of 37.2 million barrels. The Strategic Petroleum Reserve (SPR) fell 1.6 million barrels from the prior week and stands at 358.0 million barrels, 32.7% below the year ago level.