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US crude oil inventories posted an increase of 2.4 MMbbl for the week that ended Sept. 20, according to last week’s report from the Energy Information Administration. Gasoline inventories increased 0.5 MMbbl, while distillate inventories decreased 3.0 MMbbl. Total petroleum inventories posted an increase of 0.7 MMbbl. US crude oil production increased 100,000 bbl/d, while crude oil imports were down 0.7 MMbbl/d to 6.4 MMbbl/d. WTI flat price spent the past week doing much the same thing...

US crude oil inventories posted an increase of 1.1 MMbbl for the week that ended Sept. 20, according to last week’s report from the Energy Information Administration. Gasoline inventories increased 0.8 MMbbl, while distillate inventories increased 0.4 MMbbl. Total petroleum inventories posted an increase of 0.9 MMbbl. US crude oil production was flat week over week, while crude oil imports were up 0.3 MMbbl/d to 7.1 MMbbl/d. WTI opened last week with a large gap between the previous...

US crude oil inventories posted a decrease of 6.9 MMbbl for the week that ended Sept. 6, according to last week’s report from the Energy Information Adminstration. Gasoline inventories decreased 0.7 MMbbl, while distillate inventories increased 2.7 MMbbl/d. Total petroleum inventories posted a decline of 3.1 MMbbl. US crude oil production was flat week over week, while crude oil imports were down 0.2 MMbbl/d to 6.7 MMbbl/d. WTI opened last week on solid footing with comments by the...

US crude oil inventories posted a decrease of 4.8 MMbbl for the week that ended Aug. 30, according to last week’s report from the Energy Information Administration. Gasoline and distillate inventories decreased 2.4 MMbbl and 2.5 MMbbl, respectively. Total petroleum inventories posted a decline of 4.9 MMbbl. US crude oil production decreased 100,000 bbl/d, while imports were up 0.9 MMbbl/d to 6.9 MMbbl/d. The WTI market opened the week falling on its face as traders felt the impact of...

US crude oil inventories posted a decrease of 2.7 MMbbl, according to last week’s report from the Energy Information Administration. Gasoline and distillate inventories increased 0.3 MMbbl and 2.6 MMbbl, respectively. Total petroleum inventories posted a build of 4.0 MMbbl. US crude oil production was flat versus the week prior, while crude oil imports were up 0.49 MMbbl/d to 7.2 MMbbl/d. Continuous developments in the USChina trade war, both bearish and bullish, have been the main...

US crude oil inventories posted an increase of 1.6 MMbbl last week, according to the weekly US Energy Information Administration report. Gasoline inventories decreased 1.4 MMbbl, while distillate inventories also decreased, shedding 1.9 MMbbl/d. Total petroleum inventories posted a build of 2.4 MMbbl. US crude oil production was flat versus the week before, while crude oil imports were up 0.57 MMbbl/d to an average of 7.7 MMbbl/d. Prices finally got some bullish news early last week...

US crude oil inventories posted an increase of 2.4 MMbbl last week, according to the weekly US Energy Information Administration report. Gasoline inventories increased 4.4 MMbbl, while distillate inventories increased 1.5 MMbbl. With all these increases, total petroleum inventories posted a large build of 10.4 MMbbl. US crude oil production increased 100,000 bbl/d, while crude oil imports were up 490,000 bbl/d to an average of 7.1 MMbbl/d. Prices were down all week as the market continued to...

US crude oil inventories posted a decrease of 8.5 MMbbl last week, according to the weekly Energy Information Administration report. Gasoline inventories decreased 1.8 MMbbl, while distillate inventories decreased 0.9 MMbbl/d. With the draw in crude inventories, total petroleum inventories posted a significant decrease of 10.1 MMbbl. US crude oil production increased 900,000 bbl/d on the week as hurricane-related shutins came back online. Crude oil imports were down 0.37 MMbbl/d to an...

US crude oil inventories posted a large decrease of 10.8 MMbbl last week, the Energy Information Aministration reported. Gasoline inventories decreased 0.2 MMbbl while distillate inventories increased 0.6 MMbbl. Total petroleum inventories posted a decrease of 6.7 MMbbl. US crude oil production decreased 700,000 bbl/d last week, largely related to the hurricane-related shut-ins in the Gulf of Mexico. Crude oil imports were up 0.2 MMbbl/d from the previous week to 7.0 MMbbl/d. The expiration of...

 weekly report from the US Energy Information Administration. However, gasoline and distillate inventories increased 3.6 MMbbl and 5.7 MMbbl, respectively. As a result, total petroleum inventories posted a substantial increase of 11.7 MMbbl. US crude oil production decreased 400,000 bbl/d last week, due in part to the Gulf of Mexico’s hurricane-related shut-ins. Crude oil imports were down 0.47 MMbbl/d versus the week prior to an average 6.8 MMbbl/d. Prices softened last week as...