EIA Reports Crude Build as Diesel Stocks Fall 14% Below Average
Germany Orders SEFE to Add 8 TWh of Gas to Storage Julianne Geiger is a veteran energy journalist and market analyst with more than a decade of experience covering the global oil and gas sector.
Her… Crude oil inventories in the United States saw an increase of 900,000 barrels during the week ending September 25, according to new data from the U.S.
Energy Information Administration (EIA) released on Wednesday.
The increase brings commercial stockpiles to 427.3 million barrels, according to government data, which is now 2% above the five-year average for this time of year.
The EIA’s data release follows API’s figures that were released a day earlier, which reported that crude oil inventories hadgained 1.019 millionbarrels in the period.
Crude futures were trading up at 10:22 a.m.
in New York.Brentfutures were trading at$103.34per barrel—up $0.75 (+0.73%) on the day and up roughly $2 per barrel from this same time last week.WTIwas also trading up on the day, by $1.38 per barrel (+1.54%) on Wednesday morning at$90.76, down about $1.25 per barrel since this time last week.
For total motor gasoline, the EIA reported that inventories decreased by 1.7 million barrels, after losing 1.7 million barrels in the week prior.
The most recent figures showed that average daily gasoline production averaged 9.5 million barrels.
For middle distillates, inventories decreased 2.3 million barrels, with production decreasing to an average of 5.0 million barrels daily.
Distillate inventories are now 14% below the five-year average.
oil demand—averaged 20.8 million barrels per day over the last four weeks, up 2.1% compared to the same period last year.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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