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- Today's EIA report showed that (1) US crude oil inventories as of May 17 were -3.0% below the seasonal 5-year average, (2) gasoline inventories were -1.8% below the seasonal 5-year average, and (3) distillate inventories were -7.3% below the 5-year seasonal average.
www.msn.com/en-us/money/markets/crude-prices-fall-as-weekly-eia-inventories-unexpectedly-climb/ar-BB1mRty1Crude Prices Fall as Weekly EIA Inventories Unexpectedly Climb
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Mar 11, 2024 · The United States produced more crude oil than any nation at any time, according to our International Energy Statistics, for the past six years in a row. Crude oil production in the United States, including condensate , averaged 12.9 million barrels per day (b/d) in 2023, breaking the previous U.S. and global record of 12.3 million b/d, set in ...
- Summary of Weekly Petroleum Data for the week ending June 21 ...
U.S. commercial crude oil inventories (excluding those in...
- Short-Term Energy Outlook - U.S. Energy Information ...
U.S. crude oil production We forecast U.S. crude oil...
- Summary of Weekly Petroleum Data for the week ending June 21 ...
Today's EIA report showed that (1) US crude oil inventories as of June 21 were -1.5% below the seasonal 5-year average, (2) gasoline inventories were -0.2% below the seasonal 5-year average, and ...
Jun 11, 2024 · Global oil prices and inventories The Brent crude oil spot price averaged $82 per barrel (b) in May, down $8/b from April. Daily spot prices also initially fell following the OPEC+ announcement on June 2 , closing at $78/b on June 6.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.6 million barrels from the previous week. At 460.7 million barrels, U.S. crude oil inventories are about 2% below the five year average for this time of year.
Dec 21, 2023 · .64 per barrel to $77.69 per barrel. To explain this price drop, we can look towards continued record production in U.S. oil production, seasonally subdued petroleum demand, including lower demand from U.S. refineries and increased production rates in Nigeria and Angola and some relief .
U.S. crude oil production We forecast U.S. crude oil production will grow by 2% in 2024 and average 13.2 million barrels per day (b/d) for the year and a further 4% in 2025. If our forecast is realized, U.S. crude oil production would set new annual records in both 2024 and 2025.
Jun 12, 2024 · Oil on water plunged by 64.2 mb, however, partly reversing the 112.6 mb increase seen over the previous two months. OECD industry inventories rose in by April 32.1 mb, largely in line with seasonal trends, but remained 94.7 mb below their five-year average.
