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- Last week, stockpiles excluding the Strategic Petroleum Reserve dropped by around 4.5 million barrels to 413 million barrels, according to the Wall Street Journal. These levels are around 5% below the average for this time of year and are the lowest since March 2022, when inventories dropped to around 410 million barrels.
www.msn.com/en-us/money/markets/us-crude-oil-stockpiles-hit-lowest-levels-since-early-2022/ar-AA1rcPyxUS crude oil stockpiles hit lowest levels since early 2022 - MSN
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Jan 4, 2023 · From June 8 through the remainder of 2022, crude oil prices generally decreased as concerns about a possible economic recession reduced demand. High petroleum prices were one cause of persistent broad-based inflation in 2022 that affected consumer budgets and gasoline demand.
- Brent
Crude oil prices increased in first-half 2022 and declined...
- WTI (West Texas Intermediate)
Crude oil prices increased in first-half 2022 and declined...
- This Week in Petroleum
This Week in Petroleum. Release Date:September 25, 2024Next...
- Brent
Sep 5, 2024 · We now expect more oil will be taken out of inventories than we previously expected. We estimate global oil inventories are falling by 0.9 million barrels per day (b/d) in 3Q24, and we expect they will decrease by more than 1.0 million b/d through 1Q25.
- World oil demand growth is forecast to slow to 1.9 mb/d in 2Q22 from 4.4 mb/d in 1Q22 and is now projected to ease to 490 kb/d on average in the second half of the year on a more tempered economic expansion and higher prices.
- Russia shut in nearly 1 mb/d in April, driving down world oil supply by 710 kb/d to 98.1 mb/d. Over time, steadily rising volumes from Middle East OPEC+ and the US along with a slowdown in demand growth is expected to fend off an acute supply deficit amid a worsening Russian supply disruption.
- Global refinery margins have surged to extraordinarily high levels due to depleted product inventories and constrained refinery activity. Throughputs in April fell 1.4 mb/d to 78 mb/d, the lowest since May 2021, largely driven by China.
- Global observed oil inventories declined by a further 45 mb during March and are now a total 1.2 billion barrels lower since June 2020. In the OECD, the release of 24.7 mb of government stocks during March halted the precipitous decline in industry inventories.
Apr 5, 2024 · This Week in Petroleum. Release Date:September 25, 2024Next Release Date:October 2, 2024. Download data Past Weeks Release schedule Print. PricesCrude OilGasolineDistillatePropane. Notice: Futures Prices after April 5, 2024, are not available.
Mar 16, 2022 · Total demand is now projected at 99.7 mb/d in 2022, an increase of 2.1 mb/d from 2021. The prospect of large-scale disruptions to Russian oil production is threatening to create a global oil supply shock.
Dec 14, 2022 · Highlights. World oil demand is set to contract by 110 kb/d y-o-y in 4Q22, reaching 100.8 mb/d, up by 130 kb/d compared with last month’s Report. Strong gasoil use in key consuming countries outweighs weak European and Asian petrochemical deliveries.
Sep 14, 2022 · Global observed inventories fell by 25.6 mb in July on a drawdown in crude stocks in China and oil on the water as well as from IEA government stocks. OECD industry stocks rose by 43.1 mb to 2 705 mb, narrowing the deficit versus the five-year average to 274.9 mb.
