The latest data from the United States Energy Information Administration (EIA) and the American Petroleum Institute (API) reveal significant changes in crude oil and refined product inventories. The EIA reported an increase in US crude oil inventories by 3.591 million barrels for the week ending June 21, 2024, surpassing the expected decrease of 2.820 million barrels. Similarly, API data showed a rise in crude oil stocks by 0.914 million barrels, against an anticipated drop of 3.000 million barrels. Gasoline inventories also rose significantly, with the EIA reporting an increase of 2.654 million barrels, contrary to the expected decrease of 1.500 million barrels. Distillate stocks decreased by 0.377 million barrels, less than the forecasted decline of 1.050 million barrels. Additionally, Cushing crude oil inventories fell by 0.226 million barrels, surpassing previous levels of 0.307 million barrels. Strategic Petroleum Reserve (SPR) increased by 1.3 million barrels, and refinery utilization rates dropped by 1.30%.
EIA Crude: 3.591M Cushing: -0.226M Gasoline: 2.654M Distillates: -0.377M
Crude +3.591MM, Exp. -2.820MM Gasoline +2.654MM, Exp. -1.5MM Distillates -377K, Exp. -1.050MM Cushing -226K Production 13.2mmb/d, unch Biden's oil trading desk "reporting" now even more amusing than Biden's illegal alien job numbers
US crude inventories rose by 4.876mb last week (commercial: +3.591mb, SPR: +1.285mb) - EIA #oott
Cushing crude inventories fall by 0.226M, surpassing previous levels of 0.307M and falling below forecasts. #crudeoil #inventory #Cushing
US petroleum (crude, SPR, refined product) inventories rose by 9.442mb w/w to 1,668.222mb last week - EIA #oott
U.S CRUDE OIL INVENTORIES ACTUAL: 3591K VS -2547K PREVIOUS; EST -2820K U.S CUSHING CRUDE OIL INVENTORIES ACTUAL: -226K VS 307K PREVIOUS U.S GASOLINE INVENTORIES ACTUAL: 2654K VS -2280K PREVIOUS; EST -1500K U.S DISTILLATE INVENTORY ACTUAL: -377K VS -1726K PREVIOUS; EST -1050K
US DoE Crude Oil Inventories (W/W) 21-Jun: 3.591M (est -2.820M; prev -2.547M) Cushing Inventories: -226K (prev 307K) Gasoline Inventories: 2.654M (est -1.500M; prev -2.280M) Distillate Inventories: -377K (est -1.050M; prev -1.726M) Refinery Utilisation: -1.30% (est -0.20%; prevโฆ
EIA CRUDE CUSHING INVENTORIES ACTUAL -0.226M (FORECAST -, PREVIOUS 0.307M) $MACRO
EIA DISTILLATE INVENTORIES ACTUAL -0.377M (FORECAST -1.05M, PREVIOUS -1.726M) $MACRO
EIA GASOLINE INVENTORIES ACTUAL 2.654M (FORECAST -1.5M, PREVIOUS -2.280M) $MACRO
๐ด โ ๏ธ BREAKING: EIA CRUDE OIL INVENTORIES ACTUAL 3.591M (FORECAST -2.82M, PREVIOUS -2.547M) $MACRO
EIA (wk ending 21 June) Crude: 3.591M Cushing: -0.226M Gasoline: 2.654M Distillates: -0.377M
๐บ๐ธ United States Crude Oil Inventories $USD Actual: 3.591M ๐ข Expected: -2.600M Previous: -2.547M
๐บ๐ธ United States EIA Weekly Distillates Stocks $USD Actual: -0.377M ๐ข Expected: -1.500M Previous: -1.726M
๐บ๐ธ United States Cushing Crude Oil Inventories $USD Actual: -0.226M Previous: 0.307M
๐บ๐ธ United States EIA Refinery Crude Runs (WoW) $USD Actual: -0.233M Previous: -0.282M
๐บ๐ธ United States Gasoline Inventories $USD Actual: 2.654M ๐ข Expected: -1.100M Previous: -2.280M
๐บ๐ธ United States Heating Oil Stockpiles $USD Actual: 0.406M Previous: 0.526M
๐บ๐ธ United States EIA Weekly Refinery Utilization Rates (WoW) $USD Actual: -1.3% Previous: -1.5%
๐บ๐ธ United States Gasoline Production $USD Actual: -0.289M Previous: 0.084M
๐บ๐ธ United States Distillate Fuel Production $USD Actual: 0.142M Previous: -0.272M
๐บ๐ธ United States Crude Oil Imports $USD Actual: 0.065M Previous: -2.480M
EIA US weekly crude oil inventories +3591K vs -2850K expected https://t.co/CLDzcRTvYP
EIA crude inventories at 10:30 AM ET Forecast: -2.600M crAPI yesterday: +0.914M @micdropmarkets X spaces up after at 11 AM ET https://t.co/ZExT62Fuq0
API STATS from Tuesday: Crude +0.900 Cushing -0.300 Gasoline +3.800 Disty -1.200 EIA ESTIMATES: (REUTERS POLL) CL: -2.850 Dist: -0.251 Mogas: -1.024 Genscape-Cushing: -0.612
API Crude +914k (exp. -3.0m) Gasoline +3.843m Distillates -1.178m Cushing -350k SPR +1.3 m
U.S. API WEEKLY CRUDE OIL STOCK ACTUAL: 0914M VS 2.264M PREVIOUS; EST -3.000M
๐บ๐ธ United States API Weekly Crude Oil Stock $USD Actual: 0.914M ๐ข Expected: -3.000M Previous: 2.264M
US API DISTILLATE STOCK CHANGE ACTUAL -1.2M (FORECAST -, PREVIOUS 0.538M) $MACRO
US API GASOLINE STOCK CHANGE ACTUAL 3.8M (FORECAST -, PREVIOUS -1.077M) $MACRO
US API CUSHING STOCK CHANGE ACTUAL -0.3M (FORECAST -, PREVIOUS 0.524M) $MACRO
US API CRUDE OIL STOCK CHANGE ACTUAL 0.9M (FORECAST -3M, PREVIOUS 2.264M) $MACRO