OIL INVENTORIES, SPR, RISE, PEAK OF REFINERY MAINTENANCE IN REARVIEW MIRROR
gaspriceguy.substack.com
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 increased by 3.2 million barrels (MMbbl) to a total of 448.2 MMbbl. At 448.2 MMbbl, inventories are 25.5 MMbbl below last year (5.4%) and are 2% below the five-year average for this time of year. Inventories in Cushing, OK, the NYMEX delivery point, rose 2.1 million barrels to a total of 33.5 million barrels. The Strategic Petroleum Reserve (SPR) rose 700,000 barrels from the prior week and stands at 363.1 million barrels, 2.3% below the year-ago level.
OIL INVENTORIES, SPR, RISE, PEAK OF REFINERY MAINTENANCE IN REARVIEW MIRROR
OIL INVENTORIES, SPR, RISE, PEAK OF REFINERY…
OIL INVENTORIES, SPR, RISE, PEAK OF REFINERY MAINTENANCE IN REARVIEW MIRROR
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 increased by 3.2 million barrels (MMbbl) to a total of 448.2 MMbbl. At 448.2 MMbbl, inventories are 25.5 MMbbl below last year (5.4%) and are 2% below the five-year average for this time of year. Inventories in Cushing, OK, the NYMEX delivery point, rose 2.1 million barrels to a total of 33.5 million barrels. The Strategic Petroleum Reserve (SPR) rose 700,000 barrels from the prior week and stands at 363.1 million barrels, 2.3% below the year-ago level.