The 32.9 million barrels of crude oil in inventory on September 10 means Cushing had a storage capacity utilization of 43%. Refined oil inventories were largely in line with expectations. CRUDE OIL INVENTORIES: Crude oil inventories decreased by 11.5 million barrels (MMbbl) to a total of 429.9 MMbbl. Distillate fuel inventories increased by 0.1 million barrels last week and are about 4% below the five year average for this time of year. EIA said total motor gasoline inventories decreased by ⦠In its April's Short-Term Energy Outlook, the EIA said Brent crude oil price will average $108 per barrel in the second quarter of 2022, $102 per barrel in the second half of this year ⦠The crude prices modeled in the latest STEO are predicated on a projected 0.5 million b/d average increase in global oil inventories between 2Q2022 and the end of 2023. EIA said total motor gasoline inventories increased by ⦠In its January Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) expects global demand for petroleum liquids will be greater than global supply in 2021, especially during the first quarter, leading to inventory draws.As a result, EIA expects the price of Brent crude oil to increase from its December 2020 average of $50 per ⦠EIAâs call early last month was for ⦠Wednesdayâs release of EIA crude inventory data is in focus next. Net withdrawals from storage exceeded the five-year average in the first three weeks of January by 25%, bringing storage inventories to within 1% of the five-year average. The Energy Information Administration (EIA) released its weekly report today on the status of petroleum inventories in the United States. We forecast in our March 2022 Short-Term Energy Outlook (STEO) that by 2023, ethane will account for 10% of U.S. petroleum product demand, up from 5% in 2010 (Figure 1). The U.S. Energy Information Administration (EIA) forecasted in a report that the global crude oil price will decline to below $100 in 2023, according to The Xinhua News Agency reports.. Even with this cut, EIA expects OPEC to produce more oil than it did last year, forecasting that crude oil production from OPEC will average 27.2 million b/d in ⦠Inventories in Cushing, OK, the NYMEX delivery point, rose 1.0 million barrels to a total of 34.7 million barrels. The weekly inventory report shows ⦠the five year average for this time of year. Oil traders will also be watching inventory data this week from the US EIA. Distillate: Distillate fuel supplies (including diesel and heating oil) rose 3.7 million barrels last week on lower demand, while analysts were ⦠At 411.5 million barrels, U.S. crude oil inventories are about 10% below the five year average for this time of year. Inventories in Cushing, OK, the NYMEX delivery point, fell 1.5 MMbbl to a total of 36.3 million barrels. Before this year's decline in ⦠At 421.8 MMbbls, total crude oil inventories are -60.8 MMbbls lower than the 5-year average (up 6.8 MMbbls from last week) and -70.6 MMbbls lower than last year (up 15.3 MMbbls from last week). In its Weekly Petroleum Status Report for the period ended Jan. 22, EIA said that, at 476.7 million bbl, oil inventories were still 5% above ⦠The agency said that at 415.1 million barrels, crude oil inventories were close to 10 percent below the five-year average levels for this time of the year. The total inventories rose to 463.89 million barrels, over 100 million barrels above the five-year seasonal average for this week. The U.S. Energy Information Administration (EIA) provides a weekly update on domestic inventories. Refinery Rates: ⦠At 413.8 million bbl, US crude oil inventories are 8% below the 5-year average for this time of year, the EIA report indicated. ... Crude oil inventories increased by 2.4 million barrels (MMbbl) to a total of 416.2 MMbbl. CRUDE OIL INVENTORIES: Crude oil inventories decreased by 1.9 million barrels (MMbbl) to a total of 411.6 MMbbl. Even though the new twist and turns probably will materialize, EIA expects âglobal oil inventories will build at an average of 0.5 million b/d from the ⦠US crude oil inventories rose by 2.421 million barrels to 412.4 million barrels in the week ended April 1st, after a 3.449 million barrel drop and compared with market expectations for a 2.056 million fall, data from the EIA Petroleum Status Report showed. . Energy Information Administration - EIA - Official Energy Statistics from the U.S. Government. Finished gasoline inventories decreased while blending components inventories increased last week. At 411.6 million bbl, US crude oil inventories are 13% below the 5-year average for this time of year, the EIA report indicated. The gasoline shortfall has become particularly severe, with inventories 15 million barrels or 6% below the five-year average. This represents a net increase of 15 Bcf from the previous week. In the intraday session in New York on February 9, GMT+8 23:30, data released by the US EIA showed that the US commercial crude oil inventories excluding strategic reserves were unexpectedly lower than expected in the week ended February 4, and gasoline inventories were unexpectedly lower than expected. With the publication of the estimates for week ending April 10, 2020, propane/propylene inventories no longer include propylene inventories held at terminals. Global oil inventories have fallen steadily since mid-2020, and inventory draws averaged 1.8 million barrels per day (b/d) from the third quarter of 2020 (3Q20) through the end of 2021. Crude oil inventories increased by 1.1 million barrels (MMbbl) to a total of 411.5 MMbbl. U.S. gasoline stocks rose by 2.8 million barrels, the EIA said, compared with expectations for a 2.1 million-barrel drop. Distillate stocks, which include heating oil and diesel fuel, fell by 5.2 million barrels to 113.9 million barrels, and are now about 18% below the five-year average, the EIA said. Stocks were 439 Bcf less than last year at this time and 303 Bcf below the five-year average of 1,700 Bcf. Crude oil inventories are about 13% above the 5-year average for this time of year. Crude Oil Techical Forecast Oil prices rose to the 20-day Simple ⦠Distillate stocks, which include heating oil and diesel fuel, fell by 574,000 barrels to 119.1 million barrels, and are now about 16% below the five-year average, the EIA said. In the January outlook, the EIA hadnât expected WTI Crude spot prices to average above $50 per barrel either this year or next year. Refinery Rates: Refinery utilization, at ⦠Current inventories â at 123.9 million barrels â are 15.1% below the year-ago level and 9% lower than the five-year average. At 455.4 million barrels, U.S. crude oil inventories are about 3% below the five year average for this time of year, according to the EIA crude oil ⦠Net withdrawals from storage exceeded the five-year average in the first three weeks of January by 25%, bringing storage inventories to within 1% of the five-year average. The EIA has lowered its Brent spot average price forecasts. U.S. crude oil production is on track to average 12.0 million b/d this year, up 0.8 million b/d from 2021 levels, according to EIA. Analyzing the EIAâs Oil Inventory Data and Key Spreads By Rabindra Samanta Jul. 9 2019, Updated 1:09 p.m. Inventories in Cushing, OK, the NYMEX delivery point, fell 1.9 million barrels to a total of 25.8 million barrels. So far in 2022, implied demand (âproducts suppliedâ) is 7.6% higher versus 2021, per the EIA. Output is expected to ⦠Last week's EIA oil report states, "At 412.4 million barrels, U.S. crude oil inventories are about 14% below the five year average for this time of year." Distillate fuel inventories increased by 0.8 million barrels last week and are about Last weekâs build compared with an ⦠below the five year average for this time of year. . Crude oil inventories decreased by 3.6 million barrels (MMbbl) to a total of 420.0 MMbbl. In fuels, inventory movements included a ⦠At 411.6 MMbbl, inventories are 86.8 MMbbl below last year (-17.4%) and are about 13% below the five-year average for this time of year. The crude prices modeled in the latest STEO are predicated on a projected 0.5 million b/d average increase in global oil inventories between 2Q2022 and the end of 2023. ... a Reuters poll suggested a fall of 1.5 MMbbls in ⦠The agency said that at 415.1 million barrels, crude oil inventories were close to 10 percent below the five-year average levels for this time of ⦠Summary Working gas in storage was 1,397 Bcf as of Friday, April 8, 2022, according to EIA estimates. Throughout the 2019 refill season, record levels of U.S. natural gas production led to relatively high injections of natural gas into storage and reduced the deficit to the previous five-year average. ... Crude oil inventories decreased by 1.0 million barrels (MMbbl) to a total of 415.1 MMbbl. At 435.1 million barrels, the EIA said, crude oil inventories were 7 percent below the five-year average for this time of year. Natural gas storage levels typically grow from April through October, although net injections sometimes occur in November. Net withdrawals from storage exceeded the five-year average in the first three weeks of January by 25%, bringing storage inventories to within 1% of the five-year average. Americaâs oil resurgence and its large share of excess global inventories (over 5-year average inventory level) mean that EIAâs forecasts have a significant impact on WTI pricing. However, gasoline inventories remain comfortably above the 5-year average. Inventories in Cushing, OK, the NYMEX delivery point, fell 0.9 million barrels to a total of 26.4 million barrels. EIA said total motor gasoline inventories decreased by 2 ⦠The Energy Information Administration reported on Wednesday that U.S. crude inventories fell by 3.5 million barrels for the week ended Sept. 17. Crude oil prices inched up further today after the Energy Information Administration reported a crude oil inventory draw of 4.4 million barrels for the week to September 11. Crude oil inventories increased by 3.3 million barrels (MMbbl) to a total of 434.1 MMbbl. Stockpiles on February 11th reached 411.5 million barrels, about ten percent below the five-year average for this time of year. Crude ⦠Weekly crude oil production estimates are rounded to the nearest 100,000 b/d at the U.S. and lower 48 state levels. Current inventories â at 132.8 million barrels â are 23.8% below the year-ago level and 8% less than the five-year average. Refinery Rates: Refinery utilization, at ⦠6 Domestic crude oil production includes lease condensate and is estimated using a combination of short-term forecasts for the lower 48 states and the latest available production estimates from Alaska. Total motor gasoline inventories decreased by 2.0 million barrels last week and are about 1% below the five year average for this time of year. At 429.9 MMbbl, inventories are 11.5 MMbbl below last year (-2.6%) and are about at the five-year average for this time of year. The total inventories rose to 463.89 million barrels, over 100 million barrels above the five-year seasonal average for this week. The inventories spread is the difference between oil inventories and their five-year average. At 411.5 million bbl, US crude oil inventories are about 10% below the 5-year average for this time of year. In its January Short-Term Energy Outlook (STEO), EIA said U.S. crude oil production will increase for nine consecutive quarters, from the fourth ⦠Distillate stocks, which include heating oil and diesel fuel, surprisingly rose by 332,000 barrels to 114.2 million barrels, and are now ⦠At 421.8 million barrels, oil inventories are about 13 percent below the five-year average for this time of the year. Gas inventories ended March at 1.2 tcf, 16% lower than levels from a year earlier and 29% lower than the 5-year (2014â18) average. U.S. LNG exports are on track to average 11.3 Bcf/d in 2022, a 16% year/year increase, EIA said. These volumes have been removed from the data back to the January 2, 2015 reporting period and are not included in any relevant U.S. totals, PADD sub-totals, or Total Inventory calculations. 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