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The U.S. is seeking to buy up to 6 million barrels of oil to help replenish the Strategic Petroleum Reserve after a historic sale from the facility in 2022, the Energy Department said on Wednesday. Reuters reported exclusively this week that the solicitation would take place on Wednesday as the administration of President Joe Biden …
U.S. Seeks Up to 6 Million Barrels of Oil for Strategic Reserve Read More »
U.S. crude stocks fell while gasoline and distillate inventories rose in the week ending September 13, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 1.6 million barrels to 417.5 million barrels in the week, the EIA said, compared with analysts’ expectations in a Reuters poll for a 500,000-barrel draw. Crude stocks …
US Crude Stocks Fall, Gasoline and Distillate Inventories Rise – EIA Read More »
U.S. oil stockpiles rose across the board last week as crude imports grew and exports dipped and as gasoline and distillate demand weakened, the Energy Information Administration (EIA) said on Wednesday. Crude inventories rose by 833,000 barrels to 419.1 million barrels in the week ending Sept. 6, the EIA said, compared with analysts’ expectations in …
U.S. Oil Stocks Build as Crude Imports Rise, Fuel Demand Weakens – EIA Read More »
(Reuters) – U.S. crude oil and fuel inventories fell last week, according to market sources citing American Petroleum Institute figures on Wednesday. The API figures showed crude stocks fell by 7.431 million barrels in the week ended Aug. 30, the sources said, speaking on condition of anonymity. Gasoline inventories fell by 336,000 barrels, and distillates …
API Shows Weekly US Crude, Fuel Stockpiles Fall, Market Sources Say Read More »
By Mark Shenk Industry Insight from Reuters Events, a part of Thomson Reuters. Summary Falling costs and federal tax credits have improved the economics of large-scale battery storage but a busy market brings grid, permitting and supply chain risks. U.S. utility-scale battery deployment is surging as developers seek to secure tax credits introduced in the 2022 …
U.S. Energy Storage Surge Will Reward Market-Savvy Developers Read More »
Crude inventories fell by 846,000 barrels to 425.2 million barrels in the week ended August 23, the Energy Information Administration (EIA) said on Wednesday, compared with analysts’ expectations in a Reuters poll for a 2.3 million-barrel draw. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 668,000 barrels in the week, the EIA said. …
Crude and Gasoline Stocks fall, Distillates Rise, EIA Data Shows Read More »
(Reuters) – The U.S. is slowly replenishing the Strategic Petroleum Reserve, buying up to 6 million barrels of oil for delivery in the first several months of next year, after the largest sale yet from the stockpile in 2022. The Energy Department said late on Monday it sought to buy about 3.6 million barrels for …
US Slowly Replenishes Strategic Petroleum Reserve into 2025 Read More »
(Reuters) – The U.S. has bought nearly 2.5 million barrels of oil to help replenish the Strategic Petroleum Reserve after the largest sale ever from the facility in 2022, the Energy Department said on Friday. About 800,000 barrels per month of the domestically produced sour, or relatively high in sulfur, oil will be delivered to …
US Buys Nearly 2.5 Million Barrels of Oil for Strategic Petroleum Reserve Read More »
(Reuters) U.S. crude oil stockpiles rose unexpectedly last week, building for the first time since late June, while gasoline and distillate inventories fell more than forecast, the Energy Information Administration (EIA) said on Wednesday. Crude inventories rose by 1.36 million barrels to 430.7 million barrels in the week ended Aug. 9, the EIA said, compared …
US Crude Inventories Rise After Six Weeks of Drawdowns, EIA Says Read More »
Oil prices have retreated in recent weeks as traders look past the current depletion in global inventories to focus on the future threat posed by a possible slowdown in the major economies. Commercial stocks of crude and refined products in the advanced economies belonging to the Organization for Economic Cooperation and Development (OECD) amounted to …
Oil Traders Ignore Dwindling Stocks to Focus on Economy: John Kemp Read More »
