The Energy Information Administration (EIA) released its weekly report today on the status of petroleum inventories in the United States. Here are some highlights: CRUDE OIL INVENTORIES: Crude oil inventories increased by 5.9 million barrels (MMbbl) to a total of 445.6 MMbbl. At 445.6 MMbbl, inventories are 1362 MMbbl above last year (3.2%) and are 0% below the five-year average for this time of year. Inventories in Cushing, OK, the NYMEX delivery point, fell 0.1 million barrels to a total of 34.4 million barrels. The Strategic Petroleum Reserve (SPR) rose 1 million barrels (0.3%) from the prior week and stands at 347.8 million barrels, 25.1% below the year ago level.
Oil Inventories Bounce Back, SPR Refills Start
Oil Inventories Bounce Back, SPR Refills…
Oil Inventories Bounce Back, SPR Refills Start
The Energy Information Administration (EIA) released its weekly report today on the status of petroleum inventories in the United States. Here are some highlights: CRUDE OIL INVENTORIES: Crude oil inventories increased by 5.9 million barrels (MMbbl) to a total of 445.6 MMbbl. At 445.6 MMbbl, inventories are 1362 MMbbl above last year (3.2%) and are 0% below the five-year average for this time of year. Inventories in Cushing, OK, the NYMEX delivery point, fell 0.1 million barrels to a total of 34.4 million barrels. The Strategic Petroleum Reserve (SPR) rose 1 million barrels (0.3%) from the prior week and stands at 347.8 million barrels, 25.1% below the year ago level.