Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen’s correspondent in southern Lebanon: One killed in an Israeli drone strike targeting the town of Houla
Al Mayadeen's correspondent: An Israeli force of five vehicles is advancing towards Saraya Rasem al-Halabi in the central Quneitra countryside, southern Syria
Baghaei to Al Mayadeen: The core of these factions is the Israeli occupation entity, which seeks to keep the region in a state of continuous war
Al-Qassam Brigades: Resistance fighters inflicted casualties on Israeli forces and closely monitored helicopter evacuation operations
Al-Qassam Brigades: Resistance fighters targeted three Israeli vehicles using two Shawaz explosive devices and a tandem RPG, before confronting another Israeli force
Al Mayadeen's correspondent in Gaza: Five martyrs reported in the Israeli bombing of al-Hasayna School in al-Nuseirat, central Gaza Strip
Baqaei to Al Mayadeen: It is clear to any observer that US lawmakers are increasingly influenced by factions opposed to diplomacy
Baqaei to Al Mayadeen: We believe that a strong region consists of strong, reconciled, and united countries; based on this, we extend our hand to all our neighbors
Baqaei to Al Mayadeen: Iran considers its neighbors highly important, with regional security remaining a strategic priority
Baqaei to Al Mayadeen: US' insistence on completely halting Iran’s uranium enrichment raises questions about their true intentions

EIA says US crude, gas inventories fall more than expected: Reuters

  • By Al Mayadeen English
  • Source: Agencies
  • 6 Jul 2023 23:13
  • 1 Shares
2 Min Read

Crude inventories (USOILC=ECI) declined by 1.5 million barrels in the latest week to 452.2 million barrels, compared to a 1 million barrel reduction predicted by experts in a Reuters poll.

  • x
  • EIA says US crude, gas inventories fall more than expected
    The Centenario deep-water drilling platform off the coast of Veracruz, Mexico, in the Gulf of Mexico, pictured on Nov. 22, 2013 (AP) 

The Energy Information Administration said on Thursday that US oil supplies drew more than expected on robust refining demand, while petrol stocks posted a large draw due to an increase in driving last week.

Crude inventories (USOILC=ECI) declined by 1.5 million barrels in the latest week to 452.2 million barrels, compared to a 1 million barrel reduction predicted by experts in a Reuters poll.

According to EIA, crude stocks at the Cushing, Oklahoma, delivery hub (USOICC=ECI) fell by 400,000 barrels in the ending week of June 30, EIA said.

John Kilduff, partner at Again Capital LLC in New York, stated that the refining run rate is "high enough to put pressure on inventories," adding that "gasoline demand was extraordinary and reflective of the July 4th holiday travel."

According to the EIA, refinery crude runs (USOICR=ECI) dropped by 224,000 barrels per day in the previous week.

Related News

US contradictory stances prolong nuclear talks: Baqaei to Al Mayadeen

Axios: Vance scraps 'Israel' visit over new operation in Gaza

Refinery utilization rates (USOIRU=ECI) decreased by 1.1 percentage points to 91.1% last week.

The EIA reported that US petrol stockpiles (USOILG=ECI) decreased by 2.5 million barrels last week to 219.5 million barrels, compared to a 1.4 million barrel decline predicted by experts in a Reuters poll.

Distillate stockpiles (USOILD=ECI), which comprise diesel and heating oil, declined by 1 million barrels last week to 113.4 million barrels, compared to forecasts for a 300,000 barrel increase, according to EIA data.

The EIA reported that net US crude imports (USOICI=ECI) increased by 1.9 million barrels per day.

Oil prices, on the other hand, brushed aside the upbeat EIA data and fell on expectations of a rate rise in the US.

At 11:23 a.m. ET (15:23 GMT), Brent oil prices were down $1.34, or 1.6%, at $75.31, while US crude futures were down $1.16, or 1.7%, at $70.61.

  • United States
  • Brent crude oil
  • Crude oil
  • gas

Most Read

Gaza and the logic of necropolitics: Sovereignty measured by killing

Gaza and the logic of necropolitics: Sovereignty measured by killing

  • Politics
  • 15 May 2025
Two F-35 jets arrive at it's new operational base Wednesday, Sept. 2, 2015, at Hill Air Force Base, in northern Utah. (AP)

F-35 near-misses over Yemen signal new risks for 'Israel': Forbes

  • Politics
  • 14 May 2025
Abu Obaida

Abu Obeida posts shortly after Israeli reports about his assassination

  • Palestine
  • 15 May 2025
YAF say struck 'Israel's' Ben-Gurion Airport with missiles, drones

YAF say struck 'Israel's' Ben Gurion Airport with missiles, drones

  • MENA
  • 18 May 2025

Coverage

All
Gaza prevails against genocide

Read Next

All
Britain's Prime Minister Keir Starmer (right) poses with European Commission President Ursula von der Leyen at the UK-EU Summit at Lancaster House in London on May 19, 2025. (Pool/AFP)
US & Canada

UK, EU reset post-Brexit relations with defense and trade pact

Vice President JD Vance, right, and his wife Usha attend Pope Leo XIV's formal inauguration of his pontificate in St. Peter's Square, at the Vatican, May 18, 2025 (Alessandra Tarantino/AP)
US & Canada

Axios: Vance scraps 'Israel' visit over new operation in Gaza

''Israel' resumed Gaza aid', says Netanyahu amid full invasion calls
Politics

Netanyahu: We are going to take over all of Gaza

Telegram co-founder Pavel Durov, center, after a meeting, Jakarta, Indonesia on August 1, 2017 (AP Photo/Tatan Syuflana)
Europe

Telegram’s Durov says France sought to censor Romanian conservatives

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS