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1. • • 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).
     Reference:

     U.S. Oil Inventories Resume Trend Of Weekly Declines - AOGR

2. People also ask

   What are crude oil inventories?

   • 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.

   United States Crude Oil Inventories - Investing.com

   www.investing.com/economic-calendar/eia-crude-oil-inventories-75/

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   What will the global oil market look like in 2021?

   • In 2021, demand for both gasoline and diesel is projected to return to 97-99% of their 2019 levels. Global oil supply rose 1.5 mb/d in November to 92.7 mb/d as the US recovered from hurricane shut-ins and Libya built up production. In December, production may rise again ahead of OPEC+ increasing its quota by 0.5 mb/d in January.

   Oil Market Report - December 2020 – Analysis - IEA

   www.iea.org/reports/oil-market-report-december-2020

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   How much will oil demand fall in 2020?

   • We forecast that oil demand will fall by 8.8 mb/d y-o-y in 2020, a modest 50 kb/d downward revision from our previous Report. Our 2021 demand forecast was revised down by 170 kb/d.

   Oil Market Report - December 2020 – Analysis - IEA

   www.iea.org/reports/oil-market-report-december-2020

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   Why did oil prices fall in June?

   • In the US, preliminary data for June show that commercial stocks built by 24.7 mb (0.8 mb/d), led by products. In June, floating storage of crude oil fell by 34.9 mb from its all-time high in May to 176.4 mb. A tightening crude market balance and a flatter forward price curves reduced the incentive to store oil.

   Oil Market Report - July 2020 – Analysis - IEA

   www.iea.org/reports/oil-market-report-july-2020

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   Why did crude prices rise in June?

   • In June, floating storage of crude oil fell by 34.9 mb from its all-time high in May to 176.4 mb. A tightening crude market balance and a flatter forward price curves reduced the incentive to store oil. Crude prices increased in June for the second successive month.

   Oil Market Report - July 2020 – Analysis - IEA

   www.iea.org/reports/oil-market-report-july-2020

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   Will global oil demand grow by 480,000 barrels per day?

   • In this case, global oil demand could grow by 480,000 barrels per day in 2020. Against a background of collapsing global oil demand, OPEC+ producers met on 6 March to review the market situation. The group’s current 2.1 mb/d of production cuts are due to expire at the end of the month.

   Oil Market Report - March 2020 – Analysis - IEA

   www.iea.org/reports/oil-market-report-march-2020

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3. fingfx.thomsonreuters.com › gfx › ceU.S. crude oil inventories and prices

   fingfx.thomsonreuters.com › gfx › ce

   U.S. crude oil futures calendar spread from March to April 2024 U.S.$ per barrel, contango (-) or backwardation (+), daily and 21-day centred average JanÞ5, 2024

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5. www.investing.com › eia-crude-oil-inventories-75United States Crude Oil Inventories - Investing.com

   www.investing.com › eia-crude-oil-inventories-75

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   3 days ago · 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...

6. www.eia.gov › petroleum › supplyWeekly Petroleum Status Report - U.S. Energy Information ...

   www.eia.gov › petroleum › supply

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   Jun 14, 2024 · Weekly Petroleum Status Report. Notice: Table 11 and Table 12 certain spot prices are currently not available. Table 13 futures prices after April 5, 2024, are not available. The petroleum supply situation in the context of historical information and selected prices.

7. www.iea.org › reports › oil-market-report-december-2020Oil Market Report - December 2020 – Analysis - IEA

   www.iea.org › reports › oil-market-report-december-2020

   • Cached

   Dec 15, 2020 · Global oil supply rose 1.5 mb/d in November to 92.7 mb/d as the US recovered from hurricane shut-ins and Libya built up production. In December, production may rise again ahead of OPEC+ increasing its quota by 0.5 mb/d in January.

8. www.iea.org › reports › oil-market-report-march-2020Oil Market Report - March 2020 – Analysis - IEA

   www.iea.org › reports › oil-market-report-march-2020

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   Mar 9, 2020 · OECD industry stocks rose by 27.8 mb to 2 930 mb in January as a build in product inventories more than offset counter-seasonal draws in crude stocks. Total oil stocks stood 2.9 mb above the five-year average and covered 63 days of forward demand.

9. www.iea.org › reports › oil-market-report-july-2020Oil Market Report - July 2020 – Analysis - IEA

   www.iea.org › reports › oil-market-report-july-2020

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   Jul 10, 2020 · Crude prices increased in June for the second successive month. North Sea Dated prices oscillated between $38-$43/bbl, supported by tighter fundamentals but capped by rising numbers of Covid-19 cases and economic uncertainty. By early July, prices were firmly above $43/bbl.

10. www.eia.gov › dnav › petU.S. Field Production of Crude Oil (Thousand Barrels per Day)

    www.eia.gov › dnav › pet

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    May 31, 2024 · Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec; 1920: 1,097: 1,145: 1,167: 1,165: 1,181: 1,222: 1,218: 1,255: 1,251: 1,277: 1,287: 1,257: 1921: 1,230: 1,269 ...