Latest news with #distillates
Reuters
3 days ago
- Business
- Reuters
US crude stocks, gasoline and distillate inventories fall
DENVER, May 29 (Reuters) - U.S. crude, gasoline and distillate inventories fell last week, the Energy Information Administration said on Thursday. Crude inventories fell by 2.8 million barrels to 440.4 million barrels in the week ending May 23, the EIA said, compared with analysts' expectations in a Reuters poll for a 118,000-barrel rise. Crude stocks at the Cushing, Oklahoma, delivery hub (USOICC=ECI), opens new tab rose by 75,000 barrels, the EIA said. Oil prices rose slightly after the EIA reported a surprise draw in stockpiles, but were still trading in negative territory. Global Brent crude futures were off 56 cents to $64.34 a barrel at 12:11 p.m. EDT (1611 GMT), while U.S. West Texas Intermediate (WTI) futures were down 65 cents to $61.2 a barrel . Refinery crude runs (USOICR=ECI), opens new tab fell by 162,000 barrels per day in the week, while utilization rates (USOIRU=ECI), opens new tab fell by 0.5 percentage points in the week to 90.2%, the EIA said. U.S. gasoline stocks (USOILG=ECI), opens new tab fell by 2.4 million barrels in the week to 223.1 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 527,000-barrel draw. Distillate stockpiles (USOILD=ECI), opens new tab, which include diesel and heating oil, fell by 724,000 barrels in the week to 103.4 million barrels, versus expectations for a 481,000-barrel rise, the EIA data showed. Net U.S. crude imports (USOICI=ECI), opens new tab fell last week by 532,000 barrels per day, EIA said.
Reuters
21-05-2025
- Business
- Reuters
US crude, fuel inventories post surprise stock builds, EIA
HOUSTON, May 21 (Reuters) - U.S. crude stocks, gasoline and distillate inventories rose in the week ending May 16, the Energy Information Administration said on Wednesday. Crude inventories rose by 1.3 million barrels to 443.2 million barrels in the week ended May 16, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.3 million-barrel draw. Crude stocks at the Cushing, Oklahoma, delivery hub (USOICC=ECI), opens new tab fell by 457,000 barrels. Crude futures pared gains after the data, with Brent futures briefly turning negative following the surprise build in crude stocks. Refinery crude runs (USOICR=ECI), opens new tab rose by 89,000 barrels per day (bpd). Refinery utilization rates (USOIRU=ECI), opens new tab rose by 0.5 percentage points to 90.7% in the week. U.S. gasoline stocks (USOILG=ECI), opens new tab rose by 816,000 barrels to 225.5 million barrels, the EIA said, compared with analysts' expectations for a 520,000-barrel draw. U.S. gasoline futures turned negative after the data. Distillate stockpiles (USOILD=ECI), opens new tab, which include diesel and heating oil, rose by 580,000 barrels in the week to 104.1 million barrels, versus expectations for a 1.4 million-barrel drop, the EIA data showed. U.S. heating oil futures turned negative following the data. Net U.S. crude imports (USOICI=ECI), opens new tab rose last week by 110,000 bpd, the EIA said.
