Energy Storage

(Reuters) – U.S. crude oil inventories fell last week as refiners continued to ramp up production, while gasoline and distillate stockpiles also dropped, the Energy Information Administration said on Wednesday. Crude inventories fell by 3.3 million barrels to 433.6 million barrels in the week ended March 21, the EIA said, compared with analysts’ expectations in …

US Crude Stockpiles Fall as Refining Continues to Rise, EIA Says Read More »

(Reuters) – U.S. crude oil stockpiles rose and fuel inventories fell last week as seasonal refinery maintenance season ticked along, the Energy Information Administration (EIA) said on Wednesday. Crude inventories rose by 1.4 million barrels to 435.2 million barrels in the week ended March 7, the EIA said, compared with analysts’ expectations in a Reuters …

US Crude Inventories Rise, Fuel Draws Down Amid Ongoing Maintenance, EIA Says Read More »

U.S. Energy Secretary Chris Wright plans to seek up to $20 billion to accomplish President Donald Trump’s goal of refilling the nation’s depleted oil reserve to its maximum capacity, Bloomberg News reported on Friday. Wright told Bloomberg News in an interview that the initiative would restore holdings “just close to the top” to maintain efficient …

US Energy Chief to Seek $20 Billion to Refill Oil Reserve, Bloomberg Reports Read More »

(Reuters) – U.S. crude oil stockpiles rose while gasoline and distillate inventories fell last week as seasonal maintenance at refineries led to lower processing, the Energy Information Administration said on Thursday. Crude inventories rose by 4.6 million barrels to 432.5 million barrels in the week ended February 14, the EIA said, compared with analysts’ expectations …

US Crude Stockpiles Rise, Fuel Draws Down Amid Refinery Maintenances, EIA Says Read More »

(Reuters) – U.S. crude oil inventories rose last week as refinery maintenance continued, while gasoline stockpiles posted a surprise draw, the Energy Information Administration (EIA) said on Wednesday. Crude inventories rose by 4.1 million barrels to 427.9 million barrels in the week ended February 7, the EIA said, compared with analysts’ expectations in a Reuters …

US Crude Stockpiles Build on Ongoing Refinery Maintenance, EIA Says Read More »