U.S. Crude Inventories, Including SPR, Fall by Record 17.8 Million Barrels
U.S. crude inventories, including the Strategic Petroleum Reserve, fell by a record 17.8 million barrels last week, according to Department of Energy data. The drop included a 9.9 million-barrel draw from the SPR. Through May 20, the U.S. had pulled about 50 million barrels from the reserve.
From the sources (25 posts)
@macroedgeresThe massive drawdowns continue API Inventory Moves crude -9.1 million (exp. -3.4 million) gasoline -5.8 million distillates -1.0 million Cushing -1.4 million SPR actual -9.9 million #MacroEdge
@macroedgeresLargest weekly drawdown from the SPR… on record!
@hfi_researchAPI undercounted the draws last week, so EIA will report lower draws for the 3 below. Crude is between -7 to -8. Gasoline will be slightly lower.
@gasbuddyguythe DRAIN of U.S. petroleum inventories continues
@oilheadlinenewsAPI Crude -9.1 million (exp. -3.4 million) Gasoline -5.8 million Distillates -1.0 million Cushing -1.4 million SPR actual -9.9 million
@tomklozaSPR drawdown of nearly 10-million barrels of crude will dominate tomorrow's EIA report. API showing a 5.8-million barrel draw in gasoline could spook those RBOB sellers this week. Distillate draw of ~1-million bbl puts us closer to pivotal
@firstsquawkUS CRUDE OIL INVENTORIES ACTUAL: -7863K VS -4306K PREVIOUS; EST -2815.33K
@deitaoneDOE: US CRUDE OIL STOCKS -7.863M BBL IN WK; SEEN -3M BBL
@firstsquawkUS CUSHING CRUDE OIL INVENTORIES ACTUAL: -1604K VS -1702K PREVIOUS
@staunovoUS petroleum inventories (crude, SPR, refined products) fell by 18.941mb to 1,601.408mb last week - EIA #oott
@gasbuddyguyEIA, week ending 5/15 Crude oil: -7.9M Domestic prod: 13.702MMbpd Cushing: -1.6M Gasoline: -1.5M Mogas supplied: 8.767MMbpd Distillates: +0.4M Refiner utilz: 91.6% Ref inputs: 16.642MMbpd Total exports: 13.096MMbpd #oil #eia #gas
@staunovoUS crude oil inventories fell by 17.783mb last week (commercial: -7.863mb, SPR -9.920mb) EIA #oott
@oilheadlinenewsUS petroleum inventories (crude, SPR, refined products) fell by 18.941mb to 1,601.408mb last week - EIA @staunovo
@oilheadlinenewsEIA: Crude: -7.863M Cushing: -1.604M Gasoline: -1.548M Distillates: +0.372M
@gasbuddyguyEIA report: Gulf refiners the *only* region to see nearly full refinery utilization thanks to exports- 97.2% of capacity- other PADDs all below 90%, PADD 4 below 80%
@staunovoImplied US oil demand (product supplied) rose by 558kbpd w/w to 20.449mbpd last week w/w in kbpd gasoline +13 jet fuel +235 distillate +124 residual fuel oil -52 propane/propylene +576 other oils -337 EIA #oott
@deitaoneBRENT CRUDE FUTURES EXTEND LOSSES, DOWN 4.3%, AFTER EIA STORAGE REPORT U.S. CRUDE FUTURES EXTEND LOSSES, DOWN 4.1%, AFTER EIA STORAGE REPORT
@deitaoneU.S. DIESEL FUTURES EXTEND LOSSES, DOWN 3.8%, AFTER EIA STORAGE REPORT U.S. GASOLINE FUTURES LOSSES, DOWN 3.5%, AFTER EIA STORAGE REPORT
@gasbuddyguyU.S. gasoline inventories have fallen to their lowest May level since 2014
@hfi_researchLooks like the largest crude draw in history.
@zerohedgeOil Prices Extend Decline After Huge Inventory Draws, Record SPR Drain
@oilandenergy$100+ oil hasn't led to demand destruction in the U.S. so far - quite the contrary: EIA data: Total products supplied—a proxy for U.S. oil demand—rose to an average of 20.2 million barrels per day over the last four weeks, up 3.1% compared
@javierblasBREAKING: US total crude inventories fell last week ~17.8 million barrels (that's commercial and SPR stocks combined). On that basis, it's the largest weekly fall since data is available starting in 1982.
@macroedgeresTotal crude (spr and commercial crude) -17.9Mb Explains the Pakistani headline #MacroEdge
@zerohedgeThe US SPR drained a record 9.9 million barrels in the past week. 10% of the US strategic reserve has been drained since the war started, mostly via exports to Asia