Remove Barrel Remove Oil Remove Petroleum
article thumbnail

U.S. Crude Inventories Post Massive Draw of 11.5M Barrels

OilPrice

Crude oil inventories in the United States fell by 11.5 million barrels during the week ending June 13, according to new data from the U.S. million barrels, roughly 10% below the five-year average for this time of year. Energy Information Administration (EIA) released on Wednesday. The drop brings commercial stockpiles to 420.9

Barrel 268
article thumbnail

U.S. crude oil inventories decrease by 3.6 million barrels

Oil & Gas 360º

Weekly Crude Oil Storage as of June 6, 2025 U.S. commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 3.6 million barrels from the previous week. million barrels, U.S. million barrels, U.S. Summary of weekly petroleum data for the week ending June 6, 2025 U.S.

Crude Oil 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Gasoline, Distillate Builds Spook Oil Markets

OilPrice

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell again this week, this time by 370,000 barrels in the week ending June 6 after analysts had estimated a 700,000-barrel build. million barrel inventory decrease in the prior week. The API reported a 3.3

article thumbnail

EIA: US Crude Oil Inventories Climb 6.2 Million Barrels

OilPrice

Crude oil inventories in the United States saw a large increase of 6.2 million barrels during the week ending March 28, according to new data from the U.S. Crude oil prices were trading up prior to the crude data release by the U.S. crude oil inventories amid a small gasoline draw. ET at $74.50a

Crude Oil 258
article thumbnail

Crude Oil Inventories Slip But Prices Eyeing Tariff Fears

OilPrice

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 1.057 million barrels for the week ending April 4, after a 6.037 million barrel spike in the prior week. million barrels again to 396.7 million barrels in the week ending April 4.

Crude Oil 347
article thumbnail

Oil Rises on Larger Than Expected Crude Draw

OilPrice

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 4.6 million barrels for the week ending March 21. million barrels. So far this year, crude oil inventories have climbed more than 16 million barrels, according to Oilprice calculations of API data.

article thumbnail

USGS Discovers Large Oil & Gas Deposits In Wyoming   

OilPrice

Geological Survey (USGS) has discovered large oil and gas deposits in the Mowry Composite Total Petroleum System that spans parts of Wyoming, Colorado and Utah. The report estimates large hydrocarbon resources, including 473 million barrels of oil and 27 trillion cubic feet (tcf) of natural gas.

Gas 337