Net length increased in Brent (+212 million barrels), NYMEX and ICE WTI (+25 million barrels), European gasoil (+15 million barrels), U.S. gasoline (+9 million barrels) and U.S. heating oil (+5 million barrels).
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Fund managers sold Brent (41 million barrels), NYMEX and ICE West Texas Intermediate (2302 million barrels), U.S. gasoline (28 million barrels), U.S. heating oil (25 million barrels) and European gasoil (21 million barrels).
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Fund managers sold 13 million barrels of NYMEX and ICE WTI, 4 million barrels of Brent, and 5 million barrels of gasoline, but purchased 6 million barrels of heating oil and 12 million barrels of gasoil.
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Fund managers sold 173 million barrels of NYMEX and ICE WTI, 4 million barrels of Brent, and 5 million barrels of gasoline, but purchased 6 million barrels of heating oil and 12 million barrels of gasoil.
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They're pushing out bourbon barrels and Jack Daniels' barrels, but there is no one making barrels by hand.
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Net position changes were small in Brent (+5 million barrels), NYMEX and ICE WTI (-5 million barrels), U.S. heating oil (+3 million barrels) and European gasoil (+110 million barrels).
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Short positions in crude, gasoline and heating oil were cut by 27 million barrels, 6 million barrels and 8 million barrels respectively for a total decrease of 41 million barrels.
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The firm also raised its first quarter build projection from 112 million barrels to 145 million barrels, and lifted its second quarter forecast from 53 million barrels to 94 million barrels.
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They include 5.7 million barrels chartered by Chevron, 2.1 million barrels by Citgo and 500,000 barrels by Valero, Eikon data showed.
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Net long positions were cut in Brent (-5 million barrels), U.S. gasoline (-8 million barrels), U.S. heating oil (-183 million barrels) and European gasoil (-15 million barrels) in the week to June 26.
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But portfolio managers also cut net long positions in NYMEX and ICE WTI (-220 million barrels), U.S. gasoline (-22018 million barrels), U.S. heating oil (-173 million barrels) and European gasoil (-217 million barrels).
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The other companies purchasing the oil were Marathon Petroleum Corp, which bought nearly 1.4 million barrels, Motiva Enterprises LLC, with 2.4 million barrels, Phillips 66, with more than 2 million barrels, Royal Dutch Shell PLC, with nearly 1.6 million barrels, and Valero Energy Corp bought 330,000 barrels.
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In Brent, hedge fund short positions have increased by 90 million barrels to 125 million barrels, which is only 32 million barrels below the record short position of 103 million barrels set in September 2014.
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There are record net long positions in Brent crude (561 million barrels), WTI (461 million barrels) and U.S. heating oil (82 million barrels).
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I do all of my spirit barrels on this—the whiskey, rum, and bourbon barrels—because this thing is incredible for firing barrels.
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The federation already has barrels and barrels full of maple syrup.
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In February, IOC placed an order for 5 million barrels, MRPL for 2 million barrels and HPCL and BPCL for 1 million barrels each.
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Crude stocks unexpectedly rose by 4.1 million barrels to 483.11 million barrels.
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According to Platts, analysts expected weekly crude supplies to grow by 22.39 million barrels; gasoline by 53 million barrels and distillates by 25 million barrels.
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OPEC said inventories in developed economies declined by 2000 million barrels in July to 3.002 billion barrels, 195 million barrels above the five-year average.
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Global stockpiles fell for the first time since March, down 10 million barrels to 3.092 billion barrels, just shy of July's record 3.111 billion barrels.
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Gasoline stocks rose 6.8 million barrels, to 220.9 million barrels, much more than analyst expectations in a Reuters poll for a gain of 1.7 million barrels.
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Funds were net sellers last week of NYMEX and ICE WTI (-21.80 million barrels), U.S. heating oil (-275 million barrels) and European gasoil (-225 million barrels).
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Crude inventories rose 22010 million barrels in the week to April 2536 to 2000 million barrels, building by about a million barrels more than analysts' expectations.
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Short positions total 334 million barrels compared with 300 million barrels in November.
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Gasoline stocks jumped by 3 million barrels, beating expectations by 2.5 million barrels.
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Gasoline is expected to fall 750,000 barrels and distillates, lower by 250,000 barrels.
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Commercial crude inventories were up by 5 million barrels, at 430.93 million barrels.
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Saudi crude stocks fell 4.542 million barrels, to 200.834 million barrels in January.
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Compared with a year ago, the group is more exposed to falling oil prices, with one-fifth fewer barrels hedged, or the equivalent of 28 million barrels, and three times more barrels rolling off, or the equivalent of 38 million barrels.
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Meanwhile, U.S. Midwest crude stocks last week fell 3.3 million barrels to 132.6 million barrels, their lowest since late January and East Coast distillate inventories rose 944,000 barrels to 47.2 million barrels, their highest since March 2018, the data showed.
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Crude stocks rose by 3.5 million barrels in the week to May 31 to 478 million barrels, compared with analysts' expectations for a decrease of 849,000 barrels.
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The people familiar said that 300,000 barrels of crude will be delivered storage tanks in Zhanjiang, 100,000 barrels to Dalian, and 201,000 barrels to Zhoushan's Cezi Island.
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Gasoline stocks rose 6.9 million barrels last week, while distillate stockpiles grew 9.5 million barrels, the EIA said, compared with forecasts for builds under 4.5133 million barrels.
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Net length in Brent rose by 12 million barrels while there were only minor changes in U.S. gasoline (-3 million barrels) and heating oil (+2 million barrels).
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But in proportionate terms, there were even larger reductions in European gasoil (-38 million barrels), U.S. heating oil (-32 million barrels) and U.S. gasoline (-20 million barrels).
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Macquarie even with its forecast for 800,000 barrels, says a 500,000 barrels a day deficit expected in the third quarter would shrink to 300,000 barrels per day.
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|
Crude inventories dipped by 421,2543 barrels in the week to March 13 to 452.6 million barrels, compared with analysts' expectations for a build of 3.3 million barrels.
|
|
Gasoline stocks rose by 312,000 barrels, while distillate supplies grew by 2.6 million barrels.
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It is distilled twice and aged in used barrels, usually bourbon or sherry barrels.
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American barrels cost about $450, on average — against $700 or more for French barrels.
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That import included 630,000 barrels of Kikeh crude and 100,000 barrels of Tembikai oil.
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Saudi crude inventories dropped by 4.709 million barrels in December to 245.009 million barrels.
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In 2017, U.S.-brewed beer fell by 4 million barrels to 170 million barrels.
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|
Vitol has snapped up about 4 million barrels and BP about 4.5 million barrels.
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|
Crude inventories fell by 3.2 million barrels in the week to July 20 to 407.6 million barrels, compared with analyst expectations for a decrease of 2.3 million barrels.
|
|
For the third week running, portfolio managers cut net long positions in gasoline (-270 million barrels), U.S. heating oil (-193 million barrels) and European gasoil (-219 million barrels).
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|
In August, OPEC said such stocks stood at 2.996 billion barrels, 171 million barrels above the five-year average, reducing the excess from 340 million barrels in January.
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|
U.S. reserves are estimated by Oslo's Rystad Energy, a neutral third party, to be 22019 billion barrels, more than Russia (256 billion barrels) or Saudi Arabia (212 barrels).
|
|
U.S. crude oil inventories rose by 3.3 million barrels to 428.64 million barrels, while U.S. crude production last week hit a record 10.53 million barrels per day (bpd).
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|
Crude inventories rose by 553 million barrels in the week to March 6 to 453 million barrels, compared with analysts' expectations for a build of 2.3 million barrels.
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|
Over the same period, total long positions increased by just 10 million barrels, rising from 815 million barrels to 825 million barrels, according to regulatory and exchange data.
|
|
Crude inventories fell by 1.2 million barrels in the week to March 20 to 451.4 million barrels, compared with analysts' expectations for a build of 2.8 million barrels.
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|
From a record 23 billion barrels in July 2016, OECD stocks dropped to 2.851 billion barrels in December, falling 216 million barrels during 2017 and now stand just 52 million barrels above the five-year average, International Energy Agency (IEA) data show.
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Declines were led by hydrate ethanol sales which fell 14 percent to 8.5 million barrels in the month from 9.9 million barrels a year earlier and by diesel which fell 2.5 percent to 30.77 million barrels from 31.56 million barrels a year earlier.
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|
From a record 23 billion barrels in July 2016, OECD stocks dropped to 2.851 billion barrels in December, falling 216 million barrels during 2017 and now stand just 52 million barrels above the five-year average, International Energy Agency (IEA) data show.
|
|
OECD commercial stocks fell in August by 14.2 million barrels to 3.015 billion barrels, leaving a surplus of 170 million barrels above the five-year average, the IEA said.
|
|
U.S. crude inventories hit a peak at 518.12 million barrels, while gasoline stocks also touched a record, rising 2.8 million barrels to 259.1 million barrels, according to the EIA.
|
|
U.S. refiners made almost 39 barrels of diesel and jet fuel from every 100 barrels of crude in 2017, up from 303 barrels in 1993, according to the EIA.
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|
That was up from 3.3 million barrels in May and 1.9 million barrels in April.
|
|
In fact used barrels may be used, but charred new oak barrels must be used.
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|
This is estimated at 12 million barrels of crude and 24 million barrels of condensates.
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|
However, gasoline stocks rose by 312,000 barrels and distillate supplies grew by 2.6 million barrels.
|
|
The combined cargoes held 6.9 million barrels, up from 5.2 million barrels shipped in April.
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|
Shell bought 51.083 million barrels of oil and Phillips 66 bought 200,000 barrels on Jan.
|
|
Gasoline stocks fell by 4.6 million barrels, while distillate inventories fell by 4.1 million barrels.
|
|
U.S. crude inventories swelled 8.2 million barrels last week to a record 528.4 million barrels.
|
|
EIA said distillate stocks decreased 2.1 million barrels and gasoline stocks declined 4.4 million barrels.
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|
It produces about 2100 million barrels of oil a day, exporting just 240 million barrels.
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|
Long positions fell by 26 million barrels in WTI and 133 million barrels in Brent.
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|
Because they reduced 5003,000 barrels and we've exported more than 1.5 million barrels a day.
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The kingdom's direct crude burn rose 13,000 barrels per day to 377,000 barrels per day.
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It features total storage capacity for 65,000 barrels of diesel and 75,000 barrels of gasoline.
|
|
U.S. crude and oil product stocks rose 703 million barrels to an all-time high of 2.08 billion barrels as gasoline stocks posted a surprise summer build of 911,000 barrels.
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|
Stocks started the year 20093 million barrels above the 10-year average but are now 5 million barrels below it and 24 million barrels below the corresponding period in 2016.
|
|
Crude inventories rose 21.3 million barrels to 212.2 million barrels in the last week, their highest since November 2017, compared with analysts' expectations for an increase of 2.3 million barrels.
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|
Crude inventories fell 20183 million barrels in the week to June 9, compared with analysts' expectations for a decrease of 2.7 million barrels, as imports fell 481,23.4 barrels per day.
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|
Stocks fell 21.9495 million barrels in the week ended March 16 to 425.3 million barrels, according to the API, compared with analysts' expectations for an increase of 2.6 million barrels.
|
|
Daily domestic oil production averaged 8.9 million barrels last year, and the Energy Department is forecasting an average of 9.2 million barrels this year and 9.7 million barrels in 2018.
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|
Crude reserves increased 6.4 billion barrels, or 19.5 percent, to 39.2 billion barrels at year-end 2017, marginally higher than the previous record of 39 billion barrels set in 43.473.
|
|
Distillate stocks fell by 1.5 million barrels, but gasoline inventories surprisingly rose by 2.5 million barrels.
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|
Diesel exports were at 880,000 barrels, off from the week earlier's 1.1 million barrels a day.
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|
Muroran also produced about 5.3 million barrels of gasoline and nearly 2 million barrels of kerosene.
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|
After producing 150 barrels of beer in 2002, it has surged to 192,000 barrels last year.
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|
Gasoline stocks fell by 596,000 barrels, while distillate inventories fell by 159,000 barrels, the data showed.
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|
Commercial crude stocks rose by 1.85 million barrels, to 395.99 million barrels, the EIA data showed.
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|
Crude inventories fell by 1.17 million barrels to 404.5 million barrels in the week to Aug.
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|
Each futures contract equals 1,000 barrels, meaning the short position was reduced by 91.7 million barrels.
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|
Of the refined fuel, 1.4 million barrels was diesel or distillates, and 636,000 barrels was gasoline.
|
|
Midwest crude stocks fell 2000 million barrels to 29.93 million barrels, their lowest since late January.
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|
The oil sands contribute 2.1 million barrels to Canada's total daily production of 3.9 million barrels.
|
|
Weekly oil production declined by 100,000 barrels per day to 9.3 barrels per day, EIA reported.
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He says this will reduce production from 153,000 barrels to 1,000 barrels of beer, or 66%.
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Texas is home to 29.53 million barrels of refining capacity, and Louisiana has 29.61 million barrels.
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Its oil product exports fell 0.497 million barrels per day to 1.616 million barrels per day.
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|
Gasoline stocks rose 1.8 million barrels, while distillate stockpiles climbed 3.1 million barrels, the EIA said.
|
|
Last month, Shell bought 6.2 million barrels from the reserve and Phillips 66 bought 200,000 barrels.
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|
Gasoline stocks USOILG=ECI rose 6.9 million barrels last week, while distillate stockpiles USOILD=ECI grew 4.5133 million barrels, the EIA said, compared with forecasts for builds under 2 million barrels.
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|
TEN, with reserve estimates of 240 million barrels of oil and associated gas of 60 million barrels, produces around 56,000 barrels currently, external affairs director Cynthia Lumor told reporters in Accra.
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|
Funds were substantial net buyers in the most recent week of NYMEX and ICE WTI (+193 million barrels) as well as Brent (+219 million barrels) and U.S. gasoline (+218 million barrels).
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"Of those 4 million barrels of crude, 2 million barrels are assigned to France's Total, and 2 million barrels have been bought by two companies in Russia and Spain," he added.
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|
Commercial stocks in industrialized countries fell in August by 4703 million barrels to 3.015 billion barrels, leaving a surplus of 170 million barrels above the five-year average, the IEA said.
|
|
Crude inventories fell 22.1 million barrels in the week to June 21.1, surpassing analysts' expectations for a decrease of 2465 million barrels, as imports rose marginally by 2000,0003 barrels per day.
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|
Analysts had been expecting a build of around 2.6 million barrels, but crude inventories confounded forecasts by falling for a fifth consecutive week, declining by 3 million barrels to 499.74 million barrels.
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|
Those who boosted hedging include QEP Resources, which added 22016 million barrels for a total of 28 million barrels for 2016 at $58, along with 2.6 million barrels for 2017 at $54.
|
|
Distillate stocks had fallen to just 139 million barrels by the end of last week, which was 25 million barrels below 2016 and 5 million barrels below the long-term seasonal average.
|
|
It was partly offset by increased net length in fuels, especially U.S. gasoline (213 million barrels), with smaller increases in U.S. heating oil (+221 million barrels) and European gasoil (+215 million barrels).
|
|
It imported 7.5 million barrels of oil last week, down from 8.8 million barrels the week earlier.
|
|
Crude stocks swelled by 5.4 million barrels, surprising analysts who had expected a decrease of 800,000 barrels.
|
|
Motor gasoline stocks also fell 1.2 million barrels, and distillate fuel inventories were down 1.6 million barrels.
|
|
Crude inventories rose 21.5 million barrels, compared with analysts' expectations for an increase of 5.73 million barrels.
|
|
Production fell to 1.58 million barrels of oil equivalent per day (mboe/d) from 1.61 million barrels.
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|
Louisiana is home to about 3.3 million barrels of daily capacity; Texas has about 5.6 million barrels.
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|
The Department of Energy said supplies rose last week by 8.21 million barrels to 528.4 million barrels.
|
|
API figures showed a draw of 5.1 million barrels of crude and 3.1 million barrels in distillates.
|
|
Stockpiles fell 9.6 million barrels, to 439.5 million barrels, their lowest since January.
|
|
The U.S. currently produces about 9.1 million barrels a day, down from 9.6 million barrels in April.
|
|
Stockpiles fell 9.6 million barrels last week, compared with analysts' expectations for an increase of 309,000 barrels.
|
|
But gasoline inventories fell 4.5 million barrels, much more than the polled number of 1.4 million barrels.
|
|
Gasoline stocks USOILG=ECI fell 1.8 million barrels, while distillate stockpiles USOILD=ECI dipped by 23,000 barrels.
|
|
Meanwhile, weekly U.S. crude production jumped by 73,000 barrels a day to 9.78 million barrels a day.
|
|
Long positions were cut by 9 million barrels while short positions were boosted by 4 million barrels.
|
|
The company also cut its average daily production rate to 611,000-638,000 barrels from 625,000- 650,000 barrels.
|
|
U.S. crude stocks rose by 3.9 million barrels to 505.9 million barrels in the week to Feb.
|
|
U.S. oil production ticked up by 59,000 barrels a day to nearly 9.93 million barrels a day.
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|
Saudi Arabia has 188 million barrels of oil and I think 97 million barrels of oil products.
|
|
U.S. crude inventories soared by 9.3 million barrels to 434.9 million barrels in the week to Oct.
|
|
Meanwhile, gasoline inventories rose by 4.8 million barrels and distillate fuel stocks jumped by 8.9 million barrels.
|
|
Its domestic refinery crude throughput rose 0.074 million barrels per day to 2.758 million barrels per day.
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|
Libya's daily output rose above 1 million barrels last month, up more than 150,000 barrels a day.
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|
The leaking barrels then explode, triggering the row of barrels all the way down the vault wall.
|
|
A regulatory filing showed the firm will supply up to 10 million barrels of diesel, up to 15 million barrels of naphtha, up to 11 million barrels of jet fuel and up to 8 million barrels of gasoline to Aramco Trading Singapore under the contract, valid between Jan.
|
|
By contrast, funds made only small changes in fuels: net purchases of U.S. gasoline (+1 million barrels), sales of U.S. heating oil (-2 million barrels) and purchases of European gasoil (+73 million barrels).
|
|
Funds still had a net long position of 357 million barrels in crude but it had been cut from 589 million barrels on May 30 and a record 2 million barrels on Feb.
|
|
Portfolio managers have cut their net long position in U.S. heating oil by 58 million barrels, European heating oil by 45 million barrels and U.S. gasoline by 27 million barrels since Jan. 23.
|
|
Crude inventories fell by 6 million barrels to 443 million barrels in the week ended July 26, against a forecast for a drop of 2.6 million barrels in a Reuters poll of analysts.
|
|
In a further sign supply excess is easing, OPEC said inventories in developed economies declined by 23.6 million barrels in September to 2.985 billion barrels, 154 million barrels above the five-year average.
|
|
The American Petroleum Institute (API) said on Tuesday that U.S. crude stockpiles rose by 2.4 million barrels last week, to 480.2 million barrels, compared with analysts' expectations for a decrease of 599,000 barrels.
|
|
The American Petroleum Institute (API) said on Tuesday that U.S. crude stockpiles rose by 20133 million barrels last week, to 480.2 million barrels, compared with analyst expectations for a decrease of 599,000 barrels.
|
|
The American Petroleum Institute(API) said on Tuesday that U.S. crude stockpiles rose by 2.4 million barrels last week, to 480.2 million barrels, compared with analysts' expectations for a decrease of 599,000 barrels.
|
|
Of all the open positions, almost 213 percent were concentrated in the first three contracts expiring in July 210 (22019 million barrels), August 22020 (83 million barrels) and September 28 (230 million barrels).
|
|
The U.S. sold 583 million barrels of diesel fuel, in line with the recent average, but 608,000 barrels a day of gasoline, up from less than 400,29.1 barrels a day a year ago.
|
|
OPEC said in its monthly report oil stocks in the developed world fell by 17.4 million barrels in February to 2.854 billion barrels, around 43 million barrels above the latest five-year average.
|
|
In a further sign excess supply is easing, OPEC said inventories in developed economies declined by 37 million barrels in October to 2.948 billion barrels, 137 million barrels above the five-year average.
|
|
OECD inventories in March of 3.025 billion barrels were 32.9 million barrels lower month-on-month but were a rise of 24.1 million barrels over the quarter after a big build in January.
|
|
Mr. Novak said that his country, which committed to the largest cut, 300,000 barrels a day, had already trimmed production by 100,000 barrels — double its projected target of 50,000 barrels by late January.
|
|
Elsewhere, there were minor increases in net length in U.S. gasoline (+6 million barrels) and U.S. heating oil (+7 million barrels) but a small offsetting reduction in European heating oil (-4 million barrels).
|
|
Portfolio managers have cut their net long position in U.S. heating oil by 58 million barrels, European heating oil by 45 million barrels and U.S. gasoline by 27 million barrels since Jan. 20183.
|
|
Kampala estimates crude resources at 6.5 billion barrels, of which 1.4 to 1.7 billion barrels is considered recoverable.
|
|
Production has fallen from 2.2 million barrels at the start of the year to around 1.6 million barrels.
|
|
The combined net long position is 170 million barrels below the record 1.484 billion barrels set on Jan.
|
|
Crude stockpiles decreased 2.7 million barrels, a bigger drawdown than the 1.9 million barrels that analysts had forecast.
|
|
Gasoline stocks USOILG=ECI rose by 312,000 barrels, while distillate supplies USOILD=ECI grew by 2.6 million barrels.
|
|
Gasoline stocks fell by 1.5 million barrels, while distillate fuel inventories were down 1.3 million barrels, EIA said.
|
|
The group's crude oil throughput rose 3.3 percent to 291.6 million barrels, or 3.24 million barrels per day.
|
|
Offshore Atlantic Canada production currently makes up about 200,000 barrels of Canada's 3.85 million barrels per day output.
|
|
Gasoline stocks USOILG=ECI rose by 3 million barrels, trouncing analysts' expectations for a gain of 28,000 barrels.
|
|
U.S. crude oil stocks rose by 1.3 million barrels to 448.5 million barrels in the week to Feb.
|
|
Mangalore Petrochemicals Ltd will buy 2 million barrels compared with 3 million barrels this month, the sources said.
|
|
Greece is lifting around 2 million barrels, and Spain and Italy are loading about 1 million barrels each.
|
|
Texas is home to 5.6 million barrels per day of refining capacity, and Louisiana has 3.3 million barrels.
|
|
Gasoline stocks fell by 694,000 barrels, compared with expectations in a Reuters poll for a 750,000 barrels drop.
|
|
U.S. commercial crude inventories fell by 22018 million barrels to 22015 million barrels in the week through Oct.
|
|
During that week, crude inventories fell 93,000 barrels, compared with analysts' expectations for an increase of 636,000 barrels.
|
|
U.S. crude production is now 270 million barrels a day and should reach 210.7 million barrels next year.
|
|
In 2019 Ecopetrol produced 242 million barrels of oil equivalent but added 408 million barrels in 1P reserves.
|
|
Nigeria's daily output more than offset that drop, jumping by 138,000 barrels, reaching 1.86 million barrels a day.
|
|
They rose 5.8 million barrels last week, compared to a forecast for a decline of 3.6 million barrels.
|
|
OPEC's biggest producer pumped 0.4973 million barrels per day, down by 0.4 million barrels per day from December.
|
|
Commercial inventories fell for a second straight month in March, by 22016 million barrels to 2425 billion barrels.
|
|
API's inventory data, released after Tuesday's market close, showed a decrease of 1.2 million barrels of gasoline and 2.6 million barrels of distillates, but a rise of 1.3 million barrels of oil last week.
|
|
Figures show Iran's September production rate at 3.7 million barrels a day and exports at about 2.6 million barrels a day, up from a recent low of 1.1 million barrels a day in 2013.
|
|
Genscape's data showed Cushing stockpiles rose 4.93 million barrels to 68.7 million barrels during the week to March 1, above the 66.3 million barrels in the U.S. government data for week ending Feb. 26.
|
|
Net long positions in gasoline fell by 8 million barrels, having declined by 3 million barrels and 20183 million in the two previous weeks, and were down to just 107 million barrels on Dec.
|
|
According to Citigroup, the new pipelines could help grow U.S. oil exports from the current 240 million barrels a day by 25 million barrels more by year-end and another million barrels next year.
|
|
The U.S. Energy Information Administration reported record gasoline demand of 9.84 million barrels per day (bpd) for last week, and a fall in commercial crude inventories of 403 million barrels to 481.9 million barrels.
|
|
That equates to some 236,115 barrels of oil per day, out of roughly 1.75 million barrels pumped daily from the Gulf, down from 323,760 barrels of oil per day that were shut on Wednesday.
|
|
According to Citigroup, the new pipelines could help grow U.S. oil exports from the current 3 million barrels a day by 1 million barrels more by year-end and another million barrels next year.
|
|
Portfolio managers have accumulated record net positions of 124 million barrels in U.S. gasoline and 160 million barrels in European gasoil, as well as a near-record 86 million barrels in U.S. heating oil.
|
|
In the United States, crude inventories fell 6.9 million barrels last week to 412.65 million barrels, the lowest seasonal level in three years and below the five-year average marker around 420 million barrels.
|
|
The U.S. Energy Information Administration (EIA) said on Wednesday that U.S. crude inventories fell 3.4 million barrels to 540 million barrels last week, compared with analyst expectations for an increase of 714,000 barrels and the American Petroleum Institute's (API) reported build of 3.5 million barrels in preliminary data issued on Tuesday.
|
|
Oil stocks in the developed world reversed a rise in January to fall by 17.4 million barrels in February to 2.854 billion barrels, around 43 million barrels above the latest five-year average, OPEC said.
|
|
In a further sign that the supply excess is easing, OPEC said inventories in developed economies declined by 223 million barrels in August to 222 billion barrels, 2000 million barrels above the five-year average.
|
|
Distillate stocks stood at 148 million barrels on April 14, which was 19 million barrels above the 10-year average but 13 million barrels below the level at the corresponding point in 2016 (tmsnrt.rs/2pdRLCT).
|
|
Other popular indicators are the 5-3-2 crack (five barrels of crude, three barrels of gasoline and two barrels of diesel) and the 2-13-1 crack (two crude, one gasoline and one diesel).
|
|
The world's largest oil reserve currently holds nearly 645 million barrels of oil, according to the department website, consisting of 395 million barrels of heavy sour crude and 25.3 million barrels of light sweet oil.
|
|
In February, CPC bought 500,000 barrels of April-loading Upper Zakum crude, 3 million barrels of U.S. West Texas Intermediate Midland crude and 3 million barrels of Angola crude via spot tenders, trade sources said.
|
|
The world's largest oil reserve currently holds nearly 645 million barrels of oil, according to the department website, consisting of 22008 million barrels of heavy sour crude and 25.3 million barrels of light sweet oil.
|
|
The world's largest oil reserve currently holds nearly 645 million barrels of oil, according to the department website, consisting of 395 million barrels of heavy sour crude and 22008 million barrels of light sweet oil.
|
|
API showed a build of 9.3 million barrels in crude and a drop in gasoline of 3.6 million barrels.
|
|
The American Petroleum Institute's crude supplies declined by 22015 million barrels, while analysts expect decline of 22016 million barrels.
|
|
Gasoline stocks fell 1.4 million barrels, while distillate stockpiles drew down by 3.6 million barrels, the EIA data showed.
|
|
The EIA report also said that U.S. commercial crude inventories rose by 13.8 million barrels to 508.6 million barrels.
|
|
That came after U.S. crude inventories rose 503 million barrels to 525.9 million barrels in the week to Aug.
|
|
The firm cut its 2017 oil supply forecast by nearly 800,703 barrels per day, to about 96 million barrels.
|
|
Crude oil imports fell to 173.7 million barrels, the lowest since March 1992, from 223.1 million barrels in January.
|
|
Crude oil imports fell to 173.7 million barrels, the lowest since March 1992, from 173.7.1 million barrels in January.
|
|
Gasoline stocks rose 2.0 million barrels, compared with expectations for a gain of 178,000 barrels, the EIA data showed.
|
|
IOC would buy 6 million barrels of Iranian oil, while MRPL would import 3 million barrels, the sources added.
|
|
Oil production has fallen from 2.2 million barrels at the start of the year to around 1.6 million barrels.
|
|
Crude stocks rose 221,000 barrels between the weeks ending March 1 and March 1203 to hit 35 million barrels.
|
|
Current U.S. commercial stocks stand at about 1.3 billion barrels, including 450 million barrels of crude, the IEA says.
|
|
Crude inventories rose 4.6 million barrels last week, compared with analyst expectations for an increase of 4 million barrels.
|
|
U.S. crude inventories dropped by 233 million barrels to a total of 2740 barrels in the week through Sept.
|
|
Last week, 210 million barrels a day were exported, and the four-week average was about 256 million barrels.
|
|
Hedge fund managers reduced long positions by 84 million barrels while short positions were increased by 70 million barrels.
|
|
The Energy Information Administration reported crude inventories rose by 212 million barrels to a total of 227.10 million barrels.
|
|
But U.S. government data showed crude stockpiles rose 3.5 million barrels last week to more than 507 million barrels.
|
|
The net long position has increased by 21 million barrels over the last four weeks to 280 billion barrels.
|
|
Fund managers were net sellers of both heating oil (-5 million barrels) and gasoil (-7 million barrels) last week.
|
|
It adds that storage at Cushing, Oklahoma, which can hold 73m barrels, is at record highs of 64m barrels.
|
|
Its crude oil processing output will reach 20173,22017 million barrels, it said, up from 21,26.6867 million barrels last year.
|
|
Gross reserves are estimated at 6.5 billion barrels and recoverable oil estimated at between 1.4 billion-1.7 billion barrels.
|
|
In the meantime, Gaza City's historic Al-Zawiya market is is filled with barrels and barrels of spicy sauce.
|
|
The release of 13 million barrels is small compared with U.S. demand of nearly 20 million barrels per day.
|
|
Inventories for middle distillates in Singapore fell by 161,000 barrels to 11.4 million barrels in the week to Feb.
|
|
Inventories of distillates, which includes diesel and heating oil, fell by 1.3 million barrels, versus a forecast 891,000 barrels.
|
|
Stockpiles of gasoline also dropped by 3 million barrels, while distillates fuels including diesel declined by 3.1 million barrels.
|
|
U.S. crude oil inventories rose by 2.2 million barrels in the week to April 20, to 429.74 million barrels.
|
|
Over the same period, production fell more than 1 million barrels, hovering below 85033 million barrels per day (bpd).
|
|
The United States produced a record 10.8 million barrels a day last week and exported about 1.7 million barrels.
|
|
The hedge funds' net long position in WTI increased from 455 million barrels to 542 million barrels between Jan.
|
|
In addition, U.S. crude stockpiles fell by 1.7 million barrels, less than the expected decline of 2.7 million barrels.
|
|
Its crude oil processing output will reach 217,22017 million barrels, it said, up from 1,123 million barrels last year.
|
|
In the past week, the U.S. produced 9.7 million barrels a day, 1 million barrels more than last year.
|
|
Hedge funds increased long positions in WTI by 11 million barrels while trimming short positions by 10 million barrels.
|
|
Four million barrels per day of Saudi oil exports go to Asia, while the U.S. imports about 600,000 barrels.
|
|
Crude inventories swelled by 7 million barrels last week, far surpassing forecasts for an increase of 2.3 million barrels.
|
|
The release includes 200,000 barrels of sweet crude and 300,000 barrels of sour crude oil, according to the statement.
|
|
That came as U.S. crude stocks fell 1.9 million barrels to 502.7 million barrels in the week to Sept.
|
|
The United States exports roughly 8003 million barrels of oil a day, including 3 million barrels of refined crude.
|
|
DONG produced 89,000 barrels of oil and gas per day last year, down from 115,000 barrels daily in 2015.
|
|
In the previous week, total U.S. inventories rose 3.8 million barrels, while supplies at Cushing fell 1.3 million barrels.
|
|
The Energy Information Administration's weekly inventory data also showed that U.S. oil stockpiles swelled to a record 518.2 million barrels last week, and gasoline inventories also hit a record 259.1 million barrels, gaining 2.8 million barrels.
|
|
Crude inventories fell by 6 million barrels in the week ended July 26 to 443 million barrels, compared with analysts' expectations in a Reuters poll for a decrease of 2.6 million barrels, the API data showed.
|
|
Crude inventories fell by 6 million barrels in the week ended July 20143 to 443 million barrels, compared with analysts' expectations in a Reuters poll for a decrease of 2.6 million barrels, the API dta showed.
|
|
From the North Sea, just 2 million barrels of Forties crude has been shipped to Asia so far this month, compared with around 6 million barrels in June last year, and 10 million barrels in May.
|
|
Consider the following scenario: Saudi Arabia and Russia cut exports by 500,000 barrels per day each, Iraq cuts by 200,000 barrels per day, and Iran increases exports by 250,000 barrels per day—a reasonably plausible deal.
|
|
A year ago, Karnes County was the top oil patch in the state with 6.3 million barrels produced and Midland was third with 4.3 million barrels, behind La Salle County's 4.7 million barrels, the state said.
|
|
Tank terminals at Yeosu have 8.2 million barrels of capacity while Ulsan's North port and South port will hold 9.9 million barrels and 18.5 million barrels respectively, according to Korea National Oil Corp's website (www.knoc.co.kr/eng).
|
|
The facility can load up to 40,000 barrels of oil per hour and has four storage tanks with a combined 1.4 million barrels of storage capacity, with land available to expand capacity to 5 million barrels.
|
|
But it now produces only 1.9 million barrels a day, down from 2.4 million barrels a year ago, and down from the 3.2 million barrels it produced when Mr. Chávez took power nearly two decades ago.
|
|
Crude inventories hit a record 250.64 million barrels after surging 2329 million barrels in the week to March 2000, nearly double expectations for a 22.3 million-barrel build, as imports soared 287.4 million barrels per day.
|
|
Growth of 1 million barrels a day in crude alone each year would put U.S. exports at about 6.8 million barrels a day, near the 7 million barrels a day exported by Saudi Arabia last year.
|
|
Demand is expected to grow by 1.9 million barrels a day, up from 1.8 million barrels a day last year, but growth is peaking and it should be about 20303 million barrels a day next year.
|
|
BP said its intention was to extract 640 million barrels of oil, with production peaking at 120,000 barrels a day.
|
|
Saudi Arabia's domestic crude oil inventories fell to 314.119 million barrels in January from 325.474 million barrels a month earlier.
|
|
Iraq's January production was 4.48 million barrels a day, about 130,000 barrels a day above its quota, according to Platts.
|
|
Gasoline inventories, however, fell by 900,000 barrels, compared to the 1.5 million barrels analysts expected to see added to supply.
|
|
Gasoline stocks rose by 1 million barrels, compared with expectations in a Reuters poll for a fall of 42,000 barrels.
|
|
U.S. gasoline supplies are at 220 million barrels, just 2090 million barrels below the all-time high set last February.
|
|
In 2012, more than 15 million barrels, or roughly 40,000 barrels per day (bpd), were imported to the East Coast.
|
|
Crude stockpiles USOILC=ECI decreased 2.7 million barrels, a bigger drawdown than the 1.9 million barrels that analysts had forecast.
|
|
In the latest weekly government data, consumers used 9.8 million barrels of refined gasoline while refiners manufactured 10.1 million barrels.
|
|
Gasoline stocks fell by 1.5 million barrels, more than a drop of 1.1 million barrels expected in a Reuters poll.
|
|
However, Iran says it produces 3.9 million barrels, and other sources put it closer to 3.7 million barrels a day.
|
|
Last week, the U.S. produced 12.1 million barrels a day, but production has hit 12.3 million barrels a day recently.
|
|
U.S. crude stockpiles rose by 249.07 million barrels to a total of 21.33 million barrels in the week through Aug.
|
|
U.S. crude stockpiles rose by 2.5 million barrels to a total of 523.6 million barrels in the week through Aug.
|
|
It has shipped between 850,000 barrels and 1.4 million barrels per month to the Caribbean island since then, documents show.
|
|
At 3.092 billion barrels, total oil stockpiles in August were just below a record of 3.111 billion barrels in July.
|
|
In 2015, the US consumed 7.08 billion barrels of oil and other petroleum products—more than 20 barrels per person.
|
|
Bangladesh's sole Eastern Refinery, with a capacity of 33,000 barrels per day, produces 1.26 million barrels of naphtha a year.
|
|
Crude inventories swelled by 7 million barrels last week, compared with analysts' expectations for an increase of 2.3 million barrels.
|
|
Gasoline stocks rose by 3.3 million barrels, compared with analysts' expectations in a Reuters poll for a 580,000 barrels gain.
|
|
Gasoline stocks fell by 2000 million barrels, compared with expectations in a Reuters poll for a drop of 17,000 barrels.
|
|
Stockpiles fell by 9.6 million barrels in the last week, compared with analysts' expectations for an increase of 309,000 barrels.
|
|
Crude inventories fell by 3.1 million barrels last week, more than analysts' expectations for a decrease of 2.7 million barrels.
|
|
The fund community's net long position has climbed to 723 million barrels, up from just 269 million barrels on Jan.
|
|
OPEC on Thursday agreed to cut daily crude oil production by more than a million barrels to 32.5 million barrels.
|
|
Gasoline stocks rose by 20183 million barrels, compared with analysts' expectations in a Reuters poll for a 580,000 barrels gain.
|
|
But gasoline stocks fell 1.4 million barrels, while distillate stockpiles drew down by 3.6 million barrels, the EIA data showed.
|
|
But the U.S. also exported 5 million barrels a day of refined products, along with 1.8 million barrels of crude.
|
|
Gasoline stocks rose by 3.32 million barrels, compared with analysts' expectations in a Reuters poll for a 580,000 barrels gain.
|
|
Meanwhile, U.S. gasoline stocks fell 1.3 million barrels to 225.3 million barrels last week, the lowest level since December 2017.
|
|
It pumps about 600,000 barrels a day of the almost 25 million barrels a day from all cartel members. 3.
|
|
She said Canada produces 4.6 million barrels a day and exports 3.8 million barrels a day to the United States.
|
|
Valero's refineries processed 2.8 million barrels per day in the quarter, compared with its estimate of 2.7-683 million barrels.
|
|
With critical storage tanks damaged, oil output fell by 400,000 barrels per day from nearly a million barrels per day.
|
|
Hedge funds raised their combined net long position in Brent and WTI by 20183 million barrels to 600 million barrels.
|
|
Production in early February exceeded two million barrels a day, up from 5003 million barrels a day two years ago.
|
|
A majority of the decline came from the Midwest region, where inventories fell 2000 million barrels to 135.3 million barrels.
|
|
Crude stocks at the Cushing, Oklahoma, delivery hub fell 798,000 barrels to 39.3 million barrels, their lowest since November 2018.
|
|
Kurdish operators produce 790,000 barrels a day, including 550,000 barrels from Kirkuk Province and other contested areas, Mr. Khatteeb said.
|
|
Crude inventories rose for a third straight week, building by 4.6 million barrels, about a million more barrels than forecast.
|
|
Gasoline inventories rose by 3.1 million barrels and stocks of distillate fuels, which include diesel, were up by 639,000 barrels.
|
|
That's up from January's average of 12 million barrels a day, an increase of 90,000 barrels a day from December.
|
|
Kpler said Saudi's domestic inventories have fallen by 10 million barrels to 56 million barrels since the beginning of September.
|
|
Saudi Arabia's demand for oil products rose 0.034 million barrels per day to 2.073 million barrels per day in January.
|
|
That marks an additional 3.5 million barrels on top of the 1 million barrels of oil approved as of Thursday.
|
|
U.S. crude inventories fell 3.3 million barrels last week, compared with analyst expectations for a decrease of 3.5 million barrels.
|
|
Reuters uses a conversion rate of 7.33 barrels per tonne of oil to convert those figures to barrels per day.
|
|
The EIA anticipates average U.S. production of 10.6 million barrels a day in 2018 and 11.2 million barrels in 2019.
|
|
Under the restrictions, Pyongyang is limited to importing 4 million barrels of crude and 500,000 barrels of products a year.
|
|
Daily output in January was 20053 million barrels — down from a peak of 3.34 million barrels a day in 2001.
|
|
U.S. crude stockpiles last week rose to their highest since September 2017, jumping by 9.9 million barrels to 470.6 million barrels as production hit a record high of 12.3 million barrels per day (bpd), government data showed.
|
|
Although crude inventories fell by 840,000 barrels in the week to April 14 to 531.6 million barrels, they held near record highs, while gasoline stocks rose by 1.4 million barrels as refinery runs increased by 334,000 bpd.
|
|
U.S. crude inventories rose by 1 million barrels in the week to May 25 to 434.9 million barrels, according to data from industry group the American Petroleum Institute, although analysts had expected a decrease of 525,000 barrels.
|
|
Funds hold bullish long positions equivalent to 833 million barrels, down from a recent high of more than 1 billion barrels in April, but up from less than 700 million barrels at the start of the year.
|
|
The field produces 4,000 barrels of oil equivalent a day and the additional production well should bring a further 10,000 barrels a day on stream, bringing total daily production to nearly 14,000 barrels a day, Centrica said.
|
|
Venezuelan output has fallen from almost 2.5 million barrels a day a couple of years ago to roughly 1.4 million barrels a day today, and could drop to 800,000 barrels a day by next year, he said.
|
|
U.S. crude inventories last week rose 5.5 million barrels to their highest since October 2017 at 460.6 million barrels, as stocks at the Cushing, Oklahoma, delivery hub for WTI rose 463,000 barrels, government data showed on Wednesday.
|
|
Fund managers have cut the total number of short positions over two weeks by 116 million barrels, falling from a record 510 million barrels on June 27 to just 394 million barrels on July 11 (tmsnrt.rs/2v92ssF).
|
|
By contrast, long positions in crude and heating oil were cut by 8 million and 2 million barrels respectively, while gasoline longs rose by a mere 1 million barrels, making for a total reduction of 9 million barrels.
|
|
Fund managers held record net long positions in both gasoline (214 million barrels) and heating oil (264 million barrels), and the position in Brent (26 million barrels) was just 6 million below the record set the week before.
|
|
The U.S. Energy Information Administration reported record gasoline demand of 9.84 million barrels per day (bpd) for last week and a fall in commercial crude inventories of 1.5 million barrels to 481.9 million barrels C-STK-T-EIA.
|
|
AB Bernstein said global oil production rose almost 0.8 million barrels per day (bpd) in July from the previous month, to 97.01 million bpd, while commercial inventories increased by 5.7 million barrels to 3.09 billion barrels in June.
|
|
Analysts say Russian production is about 11.4 million barrels a day, and Saudi Arabia production is up to abut 10.7 million barrels, after it upped production to compensate for the potential of Iran barrels coming off the market.
|
|
BP must deliver 2.7 million barrels of U.S. West Texas Intermediate crude to PDVSA in April in cargoes of 550,000 barrels each, and it also will provide 2.7 million barrels of Nigeria's Qua Iboe crude in May-June.
|
|
Crude inventories rose 290.4 million barrels in the week to March 22005 to 22.5 million barrels, the seventh week at record high levels, but the build was smaller than analysts' expectations for an increase of 1.13 million barrels.
|
|
Even so, stocks have fallen by almost 15 million barrels since the start of 22014 compared with an average decline of about 22 million barrels and a build of more than 234 million barrels in 22 (tmsnrt.rs/23.6p21.6QwIt).
|
|
"Demand averages 97.84 thousand barrels a day in 2017, rising to 99.27 thousand barrels a day in 2018 and breaching the psychologically important 100 thousand barrels a day threshold in the fourth quarter of 2018," the IEA said.
|
|
Portfolio managers also raised their net long position in U.S. heating oil by 6 million barrels to almost 25 million barrels.
|
|
That left a lot of crude unused, with commercial U.S. inventories rising 4.6 million barrels last week, to 462.35 million barrels.
|
|
He said the magnitude of the easing - "700,000-800,000 barrels per day, or 1 million barrels per day" - should be discussed.
|
|
The biggest decline came from the Gulf Coast, where stockpiles fell by more than 5 million barrels to 222.1 million barrels.
|
|
Gasoline stocks fell by 4.6 million barrels, nearly double analysts' expectations in a Reuters poll for a 2.5 million barrels drop.
|
|
That equates to some 331,370 barrels of oil per day, out of roughly 1.75 million barrels pumped daily from the Gulf.
|
|
Gasoline stocks rose by 3 million barrels, compared with analysts' expectations in a Reuters poll for a gain of 28,000 barrels.
|
|
Crude inventories fell 917,000 barrels in the week ended June 17, compared with expectations for an decrease of 1.7 million barrels.
|
|
Last week, U.S. oil production was at 12.1 million barrels a day, while exports surged to 3.3 million barrels a day.
|
|
In 2017, the United States produced 14.46 million barrels of oil a day, exceeding Saudi Arabia's 43 million barrels a day.
|
|
Crude inventories rose by 23 million barrels in the last week, compared with analysts' expectations for a decrease of 800,000 barrels.
|
|
The agency said that global oil supply sank in March 0.3 million barrels per day to 96.1 million barrels per day.
|
|
China's commercial crude stockpile sat 239.8 million barrels in October, with South Korea at 35.3 million barrels for the same month.
|
|
Meanwhile, the EIA data showed gasoline supplies rose by 46,000 barrels per day to more than 9.75 million barrels per day.
|
|
Gasoline stocks rose by 4.6 million barrels, compared with analysts' expectations in a Reuters poll for a 1.4 million barrels gain.
|
|
They hold a net long position of 25 million barrels in Brent compared with 22016 million barrels in WTI (tmsnrt.rs/22015QxwoUx).
|
|
Crude inventories fell by 1.2 million barrels in the last week, compared with analysts' expectations for an increase of 250,000 barrels.
|
|
Platt's expects a build of 200,2.53 barrels of crude and it expects gasoline stocks to draw down by 1.6 million barrels.
|
|
IEA sees demand for OPEC's crude falling to 29.3 million barrels daily next year, which is 650,000 barrels below May's output.
|
|
U.S. commercial crude inventories fell by 5.2 million barrels to a total of 468.7 million barrels in the week through Oct.
|
|
Gibson is the dominant storage owner in Hardisty, with 10 million barrels built and this year sanctioned another 2.5 million barrels.
|
|
Of the industry's 5 million barrels a day export capacity, just 700,000 barrels are in Louisiana with the bulk in Texas.
|
|
U.S. crude inventories fell 3.1 million barrels, EIA data showed, more than analysts' forecasts for a decrease of 2.7 million barrels.
|
|
For a summary of China's commodities trade: (1 tonne of crude oil=7.3 barrels) 1 tonne of refined fuel=7 barrels
|
|
Two weeks ago, ClipperData warned that supply had swelled to 23 million barrels, above the typical level of 12 million barrels.
|
|
Gasoline stocks fell by 2.2 million barrels, compared with analysts' expectations in a Reuters poll for a 1.1 million barrels drop.
|
|
These were partially offset by short positions amounting to 153 million barrels, giving a net long of almost 549 million barrels.
|
|
Short positions in gasoline were cut by 11 million barrels while just 2 million barrels of new long positions were added.
|
|
Crude inventories rose by 2000 million barrels in the last week, compared with analysts' expectations for an increase of 126,000 barrels.
|
|
Total sales volumes of 422,000 barrels of oil equivalent per day (boe/d) exceeded production by about 5,000 barrels per day.
|
|
Crude inventories fell by 210.433 million barrels in the last week, compared with analysts' expectations for an increase of 21.1,21.3 barrels.
|
|
Gasoline stocks fell by 1.1 million barrels, compared with analysts' expectations in a Reuters poll for a 1.3 million barrels drop.
|
|
Gasoline stocks rose 2 million barrels to 240.1 million barrels against forecasts of a 1.1 million-barrel drop, the EIA said.
|
|
That is equivalent to more than 144 million barrels in actual supply, given NYMEX's position size of 1,000 barrels per contract.
|
|
Total said the Waha concession represented about 500 million barrels of oil reserves with production of around 50,000 barrels per day.
|
|
In the last five years, it has increased from just over 230 million barrels per day to nearly 219 million barrels.
|
|
Transneft moves about 22.7 million barrels of oil a day in Russia and exports more than 22017 million barrels a day.
|
|
Do you want to take barrels to the Gulf coast and fight with everyone else sending barrels through the Gulf Coast?
|
|
The U.S. Energy Information Administration said inventories fell 1.8 million barrels in the week to May 12 to 520.8 million barrels.
|
|
That equates to some 319,523 barrels of oil per day, out of roughly 1.75 million barrels pumped daily from the Gulf.
|
|
U.S. production peaked at 9.6 million barrels a day, and was reported to be 9.1 million barrels a day last week.
|
|
Gasoline stocks rose by 10.6 million barrels, compared with analysts' expectations in a Reuters poll for a 3823 million barrels gain.
|
|
Crude inventories fell by 5.1 million barrels in the last week, compared with analysts' expectations for an increase of 439,000 barrels.
|
|
Quarterly production rose to 5.1 million barrels of oil equivalent, compared to 3.8 million barrels of oil equivalent a year earlier.
|
|
Since May 31, hedge funds have added 197 million barrels of crude short positions and 33 million barrels of gasoline shorts.
|
|
Gasoline stocks rose by 4.3 million barrels, compared with analysts' expectations in a Reuters poll for a 1.8 million barrels gain.
|
|
The company transported 2.66 million barrels per day through the Mainline, up from 2.64 million barrels per day a year earlier.
|
|
The most recent week saw large reductions in net long positions in Brent (-32 million barrels) and WTI (-31 million barrels).
|
|
Venezuela currently produces about 1.5 million barrels a day, down 180,000 barrels from January levels and 540,000 from the year earlier.
|
|
That will turn the the capacity of 300,000 barrels of oil per day to 890,000 barrels per day, the overview says.
|
|
That equates to some 323,760 barrels of oil per day, out of roughly 1.75 million barrels pumped daily from the Gulf.
|
|
Presently, the bourbon industry uses 3 million barrels a year, averaging a little under 85033 and a half barrels per tree.
|
|
OPEC hiked its forecast for U.S. output growth in 2017.2 by 22018,22018 barrels a day to 1.05 million barrels a day.
|
|
OPEC also raised its forecast for non-OPEC output in 2017 by 150,000 barrels a day to 810,20183 barrels a day.
|
|
World oil consumption should grow by 1.5 million barrels a day this year and 1.4 million barrels a day next year.
|
|
OPEC now sees demand reaching 102.3 million barrels a day in 2022, up from 95.4 million barrels a day in 2016.
|
|
U.S. gasoline stocks dropped 3.7 million barrels in the most recent week, far exceeding the expected drop of 1.1 million barrels.
|
|
It now expects the world to consume 98.85 million barrels a day, up 1.65 million barrels a day from last year.
|
|
Bangladesh's sole Eastern Refinery, which has a capacity of 33,000 barrels per day, produces 1.26 million barrels of naphtha a year.
|
|
U.S. crude stockpiles as a whole rose 2000 million barrels last week to an all-time peak of 518 million barrels.
|
|
That is equivalent to more than 60 million barrels in actual supply, given NYMEX's position size of 1,000 barrels per contract.
|
|
U.S. crude stockpiles fell by nearly 5 million barrels last week versus analysts forecasts for a build of 3.2 million barrels.
|
|
U.S. gasoline stocks dropped 255 million barrels in the most recent week, far exceeding the expected drop of 22018 million barrels.
|
|
U.S. crude oil exports dropped by more than 800,77.503 barrels a day last week to about 1.75 million barrels a day.
|
|
U.S. government data this week showed producers had slowed run-rates by 30,000 barrels per day to 983,0000 barrels per day.
|
|
U.S. crude inventories fell 1.13 million barrels, EIA data showed, more than analysts' forecasts for a decrease of 2.7 million barrels.
|
|
The production cut stipulated a decrease in production by 1.2 million barrels a day, from the current 33.6 million barrels produced.
|
|
The OPEC agreement stipulated a cut in production by 1.2 million barrels a day, from the current 33.6 million barrels produced.
|
|
The decline forecast for 2016 also increased, but not by much: a decline of 760,000 barrels a day from 740,000 barrels.
|
|
Gasoline stocks fell by 3.5 million barrels, compared with analysts' expectations in a Reuters poll for a 2 million barrels drop.
|
|
"This will come up naturally, some is additional barrels, some is restraint barrels, because nobody can turn up tomorrow," Kazempour said.
|
|
Portfolio managers sold 217 million barrels of former long positions, but they also bought back 21 million barrels of previous shorts.
|
|
US production has fallen from 9.6 million barrels per day down to 603 million barrels per day amid the price crash.
|
|
It forecast global consumption will grow by 1.26 million barrels a day to average 97.6 million barrels a day in 2018.
|
|
Gasoline stocks fell by 1.6 million barrels, compared with analysts' expectations in a Reuters poll for a 1.1 million barrels gain.
|
|
Output from the field has plummeted to about 14,000 barrels a day compared with 128,000 barrels a day in early 2015.
|
|
US production has fallen from 22008 million barrels per day down to 22014 million barrels per day amid the price crash.
|
|
They are producing about 9.7 million barrels a day, about 1 million barrels less than they were producing late last year.
|
|
Meanwhile, U.S. crude inventories fell by 12.8 million barrels to 469.6 million barrels last week, the biggest decline since September 2016.
|
|
The United States went from importing 230,211.25 barrels per day (bpd) of Venezuelan oil in January to zero barrels in May.
|
|
As many as 85033 million barrels per day will be produced, over the current rate of 9.7 million barrels per day.
|
|
To prop up prices, Saudi Arabia cut its production from 85003 million barrels per day to 3.5 million barrels per day.
|
|
Varga pointed to 2019 demand growth of 13,000 barrels per day, compared with initial forecasts of 1.5 million barrels per day.
|
|
Crude inventories fell 7.2 million barrels in the week ending July 21, more than the expected decrease of 2.6 million barrels.
|
|
In the latest week, U.S. output fell by nearly 300,000 barrels a day to 9.49 million barrels a day, EIA said.
|
|
Distillate stockpiles, which include diesel and heating oil, fell by 1 million barrels, versus expectations for a fall of 29,000 barrels.
|
|
Gasoline stocks were up by 3.3 million barrels, compared with a forecast gain of 1.3 million barrels in a Reuters poll.
|
|
That is equivalent to more than 175 million barrels in actual supply, given NYMEX's position size of 1,000 barrels per contract.
|
|
Total weekly U.S. production jumped by 28,000 barrels a day to nearly 9.8 million barrels a day, EIA reported on Thursday.
|
|
Gasoline stocks fell by 1.7 million barrels, compared with analysts' expectations in a Reuters poll for a 2.0 million barrels drop.
|
|
Crude inventories fell 2.1 million barrels last week to 394.1 million barrels, the lowest level since February 2015, EIA data showed.
|
|
Gasoline stocks fell by 4.6 million barrels, compared with analysts' expectations in a Reuters poll for a 1.5 million barrels drop.
|
|
That's equivalent to 11.12-11.32 million barrels per day (bpd) using a conversion rate of 7.33 barrels per ton of oil.
|
|
Cartel members agreed to cut 800,000 barrels a day, while Russia said it would slash production by 400,000 barrels a day.
|
|
Portfolio managers sold 2 million barrels of former long positions, but they also bought back 21 million barrels of previous shorts.
|
|
For the full year, the company raised the lower end of its oil production outlook by 5,000 barrels per day to 195,000 barrels per day, while keeping the higher end of the outlook unchanged at 200,000 barrels per day.
|
|
Of the total increase in the net long position (+35 million barrels) most came from WTI (+28 million barrels) with a small contribution from gasoline (+5 million barrels) and a very small one from U.S. heating oil (+2 million).
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Sentinel's project would include an onshore terminal with 18 million barrels of storage, an offshore pipeline, platform and single-point mooring buoys that will load VLCCs, which carry 2 million barrels, at a rate of 85,000 barrels per hour.
|
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IOC will buy 2 million barrels of Mars oil in November, a combination cargo containing 1 million barrels each of Eagle Ford and Mars in December and 2 million barrels of Louisiana Light Sweet (LLS) in January, Sharma said.
|
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Crude imports USOICI=ECI jumped, rising 21 million barrels per day, with a big increase in imports at the Gulf Coast, where crude stocks rose by 243 million barrels, the largest weekly rise on record, to 20.8 million barrels.
|
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However, stockpiles have fallen from a peak of 163 million barrels at the start of April, when they were a massive 35 million barrels over the same point in 2015 and 40 million barrels over the 10-year average.
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Under the agreement, expected to be voted on later on Thursday, the Energy Department would sell 30 million barrels from 3503 to 2025, 35 million barrels in 2026 and 35 million barrels in 2027 to help fund the government.
|
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U.S. commercial crude inventories jumped by 803 million barrels in the same week, to 483.26 million barrels, their highest since July 2017.
|
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PetroChina's domestic crude output fell 2.1 percent to 806.3 million barrels, whereas its overseas output rose 35.4 percent to 165.6 million barrels.
|
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Libya shipped 3.45 million barrels to Italy in June, or 115,000 bpd, down from 9.73 million barrels in May, or 313,000 bpd.
|
|
Crude inventories fell by 21.9 million barrels in the last week, compared with analysts' expectations for an increase of 2.7 million barrels.
|
|
Crude inventories rose 2126 million barrels in the week to June 2000, compared with analysts' expectations for a decrease of 21.4,126.2 barrels.
|
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Crude inventories rose by 2.4 million barrels in the last week, compared with analysts' expectations for a decrease of 2.8 million barrels.
|
|
Crude inventories fell 3.6 million barrels in the week to May 261, compared with analysts' expectations for a decrease of 278.33,2959 barrels.
|
|
U.S. gasoline stocks fell by 23 million barrels compared with the prior week, while distillate stocks were down by 3.4 million barrels.
|
|
Crude inventories rose 4.7 million barrels in the week ended May 17, compared with analysts' expectations for a decrease of 599,000 barrels.
|
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The country said output increased by 123,000 barrels a day, which pushed overall production for July to 133 million barrels a day.
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The block holds an estimated 550 million barrels of oil equivalent in contingent resources and potential for a further 400 million barrels.
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The U.S. now exports more than 2.5 million barrels a day of oil, while it produces over 12 million barrels a day.
|
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Crude inventories rose by 4 million barrels in the last week, compared with analysts' expectations for an increase of 2.8 million barrels.
|
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Iraq last week announced an increase in its oil reserves to 153 billion barrels from a previous estimate of 143 billion barrels.
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Crude inventories rose 6.8 million barrels in the week to May 31, compared with analyst expectations for a decrease of 849,000 barrels.
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Fund managers sold another 20 million barrels of European gasoil, bringing total sales in the last eight weeks to 82 million barrels.
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Platts forecasts a drop in crude stocks of 2.6 million barrels, and a decline in gasoline of 700,000 barrels, a bullish sign.
|
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Crude futures temporarily rose after the report showed a surprise drawdown in U.S. oil supplies of 553,000 barrels to 468.2 million barrels.
|
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Crude inventories fell by 21.9 million barrels in the last week, compared with analysts' expectations for a decrease of 3.3 million barrels.
|
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Gasoline stocks, however, rose by 2000 million barrels, compared with expectations in a Reuters poll for a drop of 1.5 million barrels.
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Al-Falih added Saudi Arabia has 2.3 million barrels of spare capacity, and that it is producing 9.7 million barrels a day.
|
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Crude inventories rose 289.3,0003 barrels in the week ending March 2000, compared with analysts' expectations for an increase of 2543 million barrels.
|
|
Direct diesel sales to customers in the oil industry rose from 50,000 barrels per day to almost 140,000 barrels per day (bpd).
|
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Last week, the gulf coast reported imports of 1.9 million barrels and that could increase by 71,10.10 barrels a day this week.
|
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U.S. crude inventories fell by 3.1 million barrels, the EIA said, more than analysts' forecasts for a decrease of 2.7 million barrels.
|
|
DONG produced 115,000 barrels of oil and gas per day last year, although that has fallen to 203,000 barrels daily this year.
|
|
Crude inventories fell by 1.1 million barrels in the last week, compared with analysts' expectations for a decrease of 3 million barrels.
|
|
Iran is storing millions of barrels of oil in China, which could purchase those barrels at a discount and flood the market.
|
|
More than 2 million barrels are pending for August delivery and additional barrels were planned for early September, according to the documents.
|
|
Inventories fell by 303,000 barrels in the week to March 10, compared with analysts' expectations for an increase of 3.7 million barrels.
|
|
Colombia has proven reserves of 1.7 billion barrels, equivalent to 5.7 years of consumption, with average production of 865,000 barrels per day.
|
|
Gasoline stocks increased by 513,000 barrels, less than anticipated, while distillate stockpiles posted a larger-than-expected drop by 2.3 million barrels.
|
|
Its production capacity is estimated at 615,000 barrels per day, increasing Kuwait's overall refining capacity to over 1.5 million barrels a day.
|
|
Crude stocks in the United States grew 230 million barrels to 2000 million barrels, according to the U.S. Energy Information Administration (EIA).
|
|
OPEC has upgraded its world oil demand forecast to 6.23 million barrels per day, an upwards revision of 10,000 barrels per day.
|
|
The country's crude stocks have fallen by 3.8 million barrels since late February to around 0003 million barrels, according to consultancy Kpler.
|
|
U.S. government data showed crude stockpiles rose 3.5 million barrels last week to reach an all-time peak above 507 million barrels.
|
|
They also held 240 million barrels of short positions, giving them an overall net long position of 215 million barrels (tmsnrt.rs/2016h227ayzx).
|
|
On Wednesday, the Energy Information Administration (EIA) said crude inventories rose by 2600 million barrels to a total of 4.63 million barrels.
|
|
U.S. propane inventories this month were 73.15 million barrels, down 27 percent from 100.8 million barrels a year earlier, the EIA reported.
|
|
The ACG fields, which have so far produced 3.5 billion barrels of oil, have the potential to yield another 3 billion barrels.
|
|
Last week, Enbridge confirmed it had lowered the minimum oil volumes required to 2,200 barrels per day from 6,000 barrels per day.
|
|
Crude inventories fell 0003 million barrels in the week to May 11, compared with analysts' expectations for a decrease of 763,000 barrels.
|
|
Crude inventories fell 22016 million barrels in the week ended May 29.3, more than analysts' forecasts of a 2.4 million barrels decline.
|
|
Crude inventories fell 4853 million barrels in the week ended May 19, more than analysts' forecasts of a 2.4 million-barrels decline.
|
|
U.S. crude stockpiles fell 3.6 million barrels last week, the Energy Information Administration said, exceeding expectations for a decline of 525,000 barrels.
|
|
Where Horrigan sees Half Full in five years is producing 15,000 barrels a year, up from its current output of 3,000 barrels.
|
|
That equates to roughly 377,117 barrels of oil per day, out of the roughly 1.75 million barrels pumped daily from the Gulf.
|
|
Crude inventories fell by 3.9 million barrels in the last week, compared with analysts' expectations for an increase of 2.7 million barrels.
|
|
Meanwhile, the nation's gasoline inventories fell by 4.2 million barrels and stocks of distillate fuel including diesel were down 2.4 million barrels.
|
|
Gasoline stocks are expected to decline by 1 million barrels and diesel and other distillates are projected to drop by 300,000 barrels.
|
|
Crude stocks in the United States grew 21.8 million barrels to 9.3 million barrels, according to the U.S. Energy Information Administration (EIA).
|
|
The EIA data also showed imports of oil rose by 356,000 barrels a day, while exports dropped by 746,000 barrels a day.
|
|
Petroleum product sales during the quarter were 477,000 barrels per day, compared to 9853,000 barrels per day in the year-ago quarter.
|
|
Saudi Arabia's domestic crude inventories fell to 274.366 million barrels in November from 276.586 million barrels in October, the JODI data showed.
|
|
Crude inventories rose 2.2 million barrels in the week to April 20, compared with expectations for a decrease of 2 million barrels.
|
|
Crude inventories rose 20203 million barrels in the week to April 20, compared with expectations for a decrease of 2 million barrels.
|
|
Crude stocks in the United States grew 3.3 million barrels to 513 million barrels, according to the U.S. Energy Information Administration (EIA).
|
|
Net long positions stood at 1.396 billion barrels, not far below the record 193 billion barrels set nine weeks ago on Jan.
|
|
U.S. crude inventories rose 5.8 million barrels last week, while gasoline stocks increased by 1.9 million barrels, the Energy Information Administration said.
|
|
The U.S. Energy Department said gasoline stocks fell 4.8 million barrels to 229.3 million barrels last week, the lowest since December 2017.
|
|
Sales of C-Blend gasoline, which contains 27 percent anhydrous ethanol, rose 7.2 percent to 22.2 million barrels from 20.7 million barrels.
|
|
Crude inventories rose by 214 million barrels in the last week, compared with analysts' expectations for an decrease of 22017 million barrels.
|
|
It was also helped by the loss of barrels from Venezuela, which is currently producing 1.5 million barrels, well under its quota.
|
|
Commercial U.S. crude inventories dropped by 5.9 million barrels in the week to June 15, to 426.53 million barrels, the EIA said.
|
|
U.S. drivers consumed 9.7 million barrels of gasoline per day, close to the year's high of 9.85 million barrels reached in April.
|
|
Iran exports about 2.4 million barrels a day, and the U.S. is seeking to remove those barrels from the market through sanctions.
|
|
U.S. crude inventories fell 80 million barrels last week to 24 million barrels, the lowest level since February 2015, government data showed.
|
|
"From a supply-demand standpoint, you will see Iranian barrels increasing, but you will also see U.S. barrels falling," Mr. Schenker said.
|
|
Stocks are now 4 million barrels higher than in 2016 and almost 26 million barrels higher than the 22016-year seasonal average.
|
|
The Energy Information Administration said oil inventories dropped by 6.2 million barrels and gasoline inventories decreased by 2.5 million barrels last week.
|
|
Crude inventories fell by 2000 million barrels in the last week, compared with analysts' expectations for an decrease of 232.611 million barrels.
|
|
U.S. crude stocks last week rose by 1.95 million barrels to 453.7 million barrels, the highest since July 2019, the data showed.
|
|
The oil released by the LLOG fracture was originally estimated to be between 7,950 to 9,350 barrels, then revised to 16,000 barrels.
|
|
OPEC's share is 0003 million barrels per day, while the non-OPEC nations agreed to cut back by 600,000 barrels a day.
|
|
They expect Iran's production to reach 2.5 million barrels a day in mid 2019 from the current 3.8 million barrels a day.
|
|
About 24 million barrels were for contracts expiring in 2020, about 259 million barrels were for 26 and the rest for 247.
|
|
U.S. East Coast crude inventories fell by about 486,000 barrels to 9.3 million barrels, the lowest since March 2014, the data showed.
|
|
The trend reversed last month in Libya, where daily crude oil production fell by about 112,000 barrels, to 3.53,000 barrels a day.
|
|
Crude inventories rose by 2.13 million barrels in the last week, compared with analysts' expectations for an increase of 22.1 million barrels.
|
|
Goldman recently raised its 2018 forecast for oil demand growth to 1.86 million barrels a day from 1.73 million barrels a day.
|
|
U.S. commercial crude inventories fell by 1.5 million barrels to a total of 481.9 million barrels in the week through July 28.
|
|
Lipow said China's imports of Saudi oil equal 1.3 million barrels per day, and Japan's are about 1.2 million barrels a day.
|
|
Throughout the world, IEA sees oil production capacity rising by 6.4 million barrels a day to reach 107 million barrels a day.
|
|
U.S. crude inventories fell by 22018 million barrels last week, government data showed, steeper than the expected decrease of 2520 million barrels.
|
|
U.S. crude inventories last week fell 4.3 million barrels to 401.49 million barrels, the lowest since February 2015, the EIA data showed.
|
|
American production rebounded from a low of about 8.4 million barrels a day last fall to roughly 9.4 million barrels a day.
|
|
Crude inventories rose by 6.6 million barrels in the last week, compared with analysts' expectations for an increase of 1.9 million barrels.
|
|
U.S. crude inventories USOILC=ECI fell 3.3 million barrels last week, compared with analyst expectations for a decrease of 1.83 million barrels.
|
|
Gasoline stocks unexpectedly fell by 2 million barrels, compared with analysts' expectations in a Reuters poll for a 1.8 million barrels gain.
|
|
Uganda estimates overall crude reserves at 6.5 billion barrels, while recoverable reserves are seen at between 1.4 billion and 1.7 billion barrels.
|
|
Canadian crude stocks rose to 33.5 million barrels last month, compared with 30.8 million barrels in January, according to data provider Genscape.
|
|
Together, the companies have nearly one-third more barrels hedged, or the equivalent of 2600 million barrels, compared to the previous quarter.
|
|
The net long position in the five major crude and fuels contracts, at 712 million barrels, is still much lower than in April, when it peaked at 850 million barrels, or February, when it hit a record 1,025 million barrels.
|
|
In 22016, the IEA said it expects the amount of oil flowing to these sites to rise by 34.5 million barrels, or 95,000 barrels per day (bpd), up by roughly 28 percent from 2017's fill of 27 million barrels.
|
|
U.S. crude inventories last week rose 5.5 million barrels to their highest since October 2017 at 460.6 million barrels, as stocks at the Cushing, Oklahoma, delivery hub for WTI rose 463,000 barrels, government data showed on Wednesday.
|
|
Surveys of October's production by OPEC saw an overall output level of around 26.053 million barrels per day, up 170,000 barrels per day from September, and a long way from the agreed to target of 32.5 million barrels per day.
|
|
The American Petroleum Institute on Tuesday showed crude inventories fell by 6 million barrels to 443 million barrels in the week ended July 26, against a forecast for a drop of 2.6 million barrels in a Reuters poll of analysts.
|
|
H&R Block Thus, with the U.S. cutting production by 1 million barrels, Saudis increasing production by 1 million barrels, Iranians increasing production by 600,000, and demand going up by 1.2 million — that leaves the world short 600,000 barrels a day.
|
|
Gasoline stocks fell by 1.4 million barrels, compared with analysts' expectations in a Reuters poll for an increase of 25,000 barrels, as demand jumped to a record 9.93 million barrels per day, according to EIA data going back to 1991.
|
|
"We remain highly convicted that prices are undervalued given the current supply uncertainty," Rystad Energy expects Venezuela's oil production will decline from 1.34 million barrels per day in 2018 to just 1 million barrels this year and 890,000 barrels in 2020.
|
|
The U.S. last week exported 1.9 million barrels a day of crude oil and more than 5 million barrels a day of oil-related products, including 1.2 million barrels a day of diesel fuel, according to the latest U.S. government data.
|
|
Hedge funds raised their net long position in gasoline by 2 million barrels to 73 million barrels in the week to Aug. 8.
|
|
U.S. commercial crude oil inventories rose by 2.3 million barrels to a total of 485.4 million barrels, the U.S. Energy Information Administration reported.
|
|
Crude inventories rose 1.73 million barrels in the week to April 21.7, compared with analysts' expectations for an increase of 2314 million barrels.
|
|
U.S. crude stockpiles fell 8.6 million barrels last week, in contrast to expectations for an increase of 2.8 million barrels, government data showed.
|
|
Distillate stockpiles, which include diesel and heating oil, rose 1.5 million barrels, versus expectations for a 482,000 barrels increase, the EIA data showed.
|
|
Crude inventories rose 23 million barrels in the week to April 23, compared with analysts' expectations for an increase of 2.4 million barrels.
|
|
Chevron's daily production of oil and gas rose to 3.04 billion of barrels, from 2.85 billions of barrels in the year-ago period.
|
|
A majority of the increase came once again from the Gulf Coast region, where inventories rose 5.4 million barrels to 232.2 million barrels.
|
|
Globally, oil held offshore fell to 0003 million barrels in March from 2000 million barrels at the end of 2400, the IEA said.
|
|
Since peaking at 9.7 million barrels a day early last year, domestic oil production has fallen by more than half a million barrels.
|
|
The market's attention, however, was on a gasoline stockpile drop of 250 million barrels after analysts had expected a decline of 150,000 barrels.
|
|
U.S. commercial crude oil stocks likely rose by an average of 2.8 million barrels to 507.4 million barrels in the week to Sept.
|
|
There are also large, if not quite record, net long positions in U.S. gasoline (79 million barrels) and European gasoil (131 million barrels).
|
|
Net long positions in WTI and gasoline were each cut by 8 million barrels with only heating oil up by 3 million barrels.
|
|
Cenovus' total oil sands production, however, jumped to 359,666 barrels per day in the quarter, from 181,501 barrels per day, a year earlier.
|
|
Crude inventories fell 20.1 million barrels in the week ended July 65.21, far exceeding analysts' expectations for a decrease of 21.8 million barrels.
|
|
In total, fund managers cut petroleum long positions by 26 million barrels while raising short positions by only 2 million barrels (tmsnrt.rs/2ADBuzF).
|
|
OPEC see 2017 demand growth at 1.15 million barrels a day, after an expected average of 1.22 million barrels a day this year.
|
|
Distillate stockpiles, which include diesel and heating oil, fell 4.9 million barrels, versus forecasts for a 483,000-barrels draw, the EIA data showed.
|
|
ClipperData estimates 214.7 million barrels a day has been on ships in the Gulf in July, down from 14.7 million barrels last year.
|
|
Crude inventories fell by 22.2 million barrels in the week to May 2450, compared with analyst expectations for a decrease of 2000,22.1674 barrels.
|
|
Crude inventories rose 2817 million barrels in the week to June 2000, compared with analysts' expectations for a decrease of 0003 million barrels.
|
|
Crude inventories fell 2000 million barrels in the week ended June 20.3, far surpassing analyst expectations for a decrease of 294.2 million barrels.
|
|
Meanwhile, U.S. crude stocks fell by nearly 11 million barrels last week, well above analysts' expectations for a drop of 4 million barrels.
|
|
Hedge funds hold 918 million barrels of long positions in Brent and WTI, down from a record 1.05 billion barrels on Feb. 143.
|
|
But managers have more than doubled the number of short positions from 102 million barrels to 235 million barrels over the same period.
|
|
Crude inventories fell 8.5 million barrels in the week ended July 26, far exceeding analysts' expectations for a decrease of 2.6 million barrels.
|
|
PDVSA was scheduled to deliver 4 million barrels per month (133,000 barrels per day) of heavy crude to Rosneft under the April agreement.
|
|
U.S. commercial crude oil inventories rose by 3.7 million barrels to 454.5 million barrels in the week ended Feb.
|
|
U.S. commercial crude oil inventories rose by 20193 million barrels to 454.5 million barrels in the week ended Feb.
|
|
U.S. commercial crude oil inventories barrels to 454.5 million barrels in the week ended Feb.
|
|
"In 2017 non-OPEC output is set to rise 0.4 million barrels a day to 58.1 million barrels a day," the IEA said.
|
|
Reuters reported the strike could have cut Kuwait's oil production from 2.85 million barrels per day to just 1.1 million barrels a day.
|
|
Total U.S. crude stocks, however, rose 2.3 million barrels last week to 534.8 million barrels, a record high for a seventh straight week.
|
|
In March, exports were 212,000 barrels a day, but in the last three months of 2016, exports averaged about 500,000 barrels per day.
|
|
Meanwhile, U.S. gasoline stocks fell by by 1.9 million barrels, while inventories of distillate fuels like diesel ticked down by about 300,000 barrels.
|
|
Production dropped to an average of 35,000 barrels per day throughout 2015, before declining further to approximately 16,000 barrels per day in 2016.
|
|
Within the next couple of days Rosello said he expects 500,000 barrels of diesel and about 1 million barrels of gasoline to arrive.
|
|
Tens of thousands of barrels change hand at the hub every day, but many more barrels across the country depend on the price.
|
|
Crude inventories rose by 7.2 million barrels in the week to March 269.47, compared with analysts' expectations for a decrease of 218,2000 barrels.
|
|
Crude inventories fell 2.6 million barrels in the week to March 16, compared with analysts' expectations for an increase of 4003 million barrels.
|
|
The volume of oil heading to India is 8.2 million barrels, down from more than 20 million barrels in each month since April.
|
|
Worst-case scenario looks more like 50,000 barrels a day for 87 days (the same as Deepwater Horizon)—close to 4.35 million barrels.
|
|
In comparison to OPEC kingpin Saudi Arabia, which has approximately 1,900 barrels of offshore reserves per person, Guyana has 3,900 barrels, Hidalgo said.
|
|
Crude inventories climbed 3.7 million barrels to 1.23 million, compared with analysts' expectations for a decrease of 2.8 million barrels, the API said.
|
|
Yadavaran has reserves of 31 billion barrels of light and heavy crude oil while North Azadegan has 5.7 billion barrels of crude reserves.
|
|
Crude inventories rose 22.1 million barrels in the week to March 1.43, far exceeding analysts' expectations for an increase of 21.4 million barrels.
|
|
The U.S. Energy Information Administration (EIA) said crude stockpiles soared 20143 million barrels last week, instead of falling 2.3 million barrels as forecast.
|
|
Distillate stockpiles, which include diesel and heating oil, rose 702,000 barrels, versus expectations for a drop of 703,000 barrels, the EIA data showed.
|
|
However, gasoline stocks rose by 6.8 million barrels and distillate inventories were up 1.7 million barrels, both exceeding expectations in a Reuters poll.
|
|
U.S. oil output jumped, reaching 9.3 million barrels a day this month, after troughing at about 8.5 million barrels a day last September.
|
|
The field is believed to hold 17.363-217.36 billion barrels of oil equivalent, up from a previous forecast of 211.57-28.44 billion barrels.
|
|
Crude inventories rose by 933,000 barrels in the week to 421.2 million, compared with analyst expectations for an increase of 2.1 million barrels.
|
|
As of mid-2017, China held more than 276 million barrels in strategic reserves, with a target to build to 500 million barrels.
|
|
Global oil supply also increased by 585,000 barrels per day in May to 96.69 million barrels a day, the IEA report also showed.
|
|
The total short position of 21 million barrels is only 13 million barrels below the record of 261 million set in November 2015.
|
|
Crude inventories fell by 1.4 million barrels in the week to May 11, compared with analysts' expectations for a decrease of 763,000 barrels.
|
|
The kingdom also continued to draw crude oil from its inventories, which fell by 2.253 million barrels to 256.55 million barrels in June.
|
|
The Canadian government adds that the oil sands are home to 20123 billion barrels of the country's 171 billion barrels of proven reserves.
|
|
US output spiked from about 5 million barrels per day in 2008 to a record 10.9 million barrels last year, the EIA said.
|
|
U.S. crude inventories USOILC=ECI fell 22018 million barrels last week, government data showed, steeper than the expected decrease of 2520 million barrels.
|
|
Net long positions in heating oil fell by 24 million barrels to 61 million barrels, from a record 75 million the previous week.
|
|
Crude inventories dropped by 1.1 million barrels as a result of a decline of 1.3 million barrels per day in net crude imports.
|
|
Crude inventories fell by 7763 million barrels in week to April 2776, compared with analysts' expectations for an increase of 2275 million barrels.
|
|
China's imports of U.S. crude peaked in June this year, when almost 14 million barrels, or about 466,1.73 barrels per day (bpd), arrived.
|
|
In just seven years, US shale oil production grew to over 4 million barrels a day from around 0.4 million barrels a day.
|
|
Indonesia's energy ministry has given Pertamina a crude import quota of 50 million barrels this year, around 30 million barrels lower than requested.
|
|
Saudi proved oil reserves were revised to 297.7 billion barrels at the end of 2018 from 266.2 billion barrels in last year's report.
|
|
It produced an average of 20193m barrels of crude a day, plus another 22019m or so barrels of oil equivalent from natural gas.
|
|
The pipeline boosted oil supplies to 42.759 million tonnes (927,466 barrels per day) from 20.753 million tonnes (858,315 barrels per day) in 2014.
|
|
Saudi Arabia averaged output of 10.4 million barrels a day last year, and was at 10 million barrels last month, according to RBC.
|
|
Crude inventories rose by 21524 million barrels in the week ended April 21.1, compared with analysts' expectations for a decrease of 2458,2000 barrels.
|
|
Crude inventories fell by 8.95 million barrels in the last week, nearly three times analysts' expectations for a decrease of 3.1 million barrels.
|
|
Crude inventories fell 2000 million barrels in the week to June 210.9, compared with analysts' expectations for a decrease of 211.1 million barrels.
|
|
Liquidation was heaviest in Brent (-27 million barrels over six weeks) rather than NYMEX and ICE WTI (-21 million barrels over four weeks).
|
|
For the previous week, U.S. crude refinery inputs averaged 16.6 million barrels per day and crude oil inventories decreased by 1.1 million barrels.
|
|
The cartel now believes the world will consume 96.77 million barrels a day this year and 98.12 million barrels a day next year.
|
|
Crude inventories fell 7.6 million barrels in the week to July 7683, compared with analysts' expectations for a decrease of 2.9 million barrels.
|
|
U.S. commercial crude stocks fell by 5.39 million barrels last week to 457.77 million barrels, the U.S. Energy Information Administration said on Wednesday.
|
|
Crude inventories fell by 5.4 million barrels in the latest week, far more than the decrease of 1.9 million barrels analysts had expected.
|
|
Goldman Sachs recently raised its 2018 forecast for oil demand growth to 1.86 million barrels a day from 1.73 million barrels a day.
|
|
Crude inventories fell 218 million barrels in the week to July 21518, inline with analysts' expectations for a decrease of 1518 million barrels.
|
|
Total U.S. output has risen from about 8.5 million barrels a day in September to roughly 9.4 million barrels a day this month.
|
|
Crude inventories fell 21 million barrels in the week to June 2674, compared with analysts' expectations for a decrease of 2000 million barrels.
|
|
Morgan Stanley now expects the de facto leader of OPEC, Saudi Arabia, to continue to produce about 10 million barrels per day or slightly less throughout 2020, overcomplying with its 10.3 million barrels per day quota and said the oil market will be oversupplied by 0.3 million barrels per day in 2020, down from the estimate of 4.83 million barrels per day before.
|
|
In June, Saudi Arabia will supply an additional 250,000 tonnes (2 million barrels) of oil to Mangalore Refinery (MRPL) on top of its normal requirement of about 320,000 barrels (about 2.5 million barrels), one of the sources familiar with the matter said.
|
|
Last week, net exports totaled 211,000 barrels a day, according to the U.S. energy administration, including 3.2 million barrels a day of crude oil, hitting a record high, what's more, exports of gasoline and refined oil reached 4.2 million barrels a day.
|
|
Shale and other U.S. producers sent 543 million barrels of crude oil onto world markets last week, up nearly 254,27.3 barrels a day from the week earlier and about 21,000 barrels above the four-week average, according to Energy Information Administration data.
|
|
The U.S. Energy Information Administration (EIA) said crude inventories fell 3.4 million barrels last week, compared with analysts' expectations for an increase of 714,000 barrels and the American Petroleum Institute's (API) build of 20083 million barrels in preliminary data issued on Tuesday.
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"Gains were capped by the Energy Information Administration (EIA) reporting a weekly decline of 1.1 million barrels in crude stocks, versus the 3 million barrels forecast by analysts and 5 million barrels reported by the API a day earlier," Cantor Fitzgerald Europe said.
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But it was not just Venezuela that got crushed; it was U.S. domestic oil production, which steadily fell from 9 million barrels in 1985 to 6.25 million barrels per day in 1998 to its low of 5 million barrels per day in 2008.
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U.S. commercial crude stocks have fallen by 213 million barrels since the start of the year, compared with an increase of 63 million barrels at the same point in 26, and an average seasonal rise of 221 million barrels in the last decade.
|
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In the United States, the Energy Information Administration (EIA) said on Wednesday that commercial crude stocks fell by 1.1 million barrels in the week to April 13, to 427.57 million barrels, close to the five-year average level of around 420 million barrels.
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The U.S. Energy Information Administration (EIA) said crude inventories fell 220 million barrels last week, compared with analysts' expectations for an increase of 21,21.5 barrels and the American Petroleum Institute's (API) build of 5793 million barrels in preliminary data issued on Tuesday.
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Oil sands production fell by 16 percent to 166 million barrels, capital expenditure was down 33 percent to C$16 billion and remaining established reserves were at 1.6 billion barrels, down from 2015's 1.8 billion barrels, according to Alberta's Energy Regulator.
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In its short-term energy outlook, the United States Energy Information Administration said that 2017 oil production would fall by 480,000 barrels a day to 8.19 million barrels, a big jump from last month's forecast of a decline of 230,000 barrels a day.
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While an unexpectedly strong rise in crude inventories by 4.1 million barrels to 483.11 million barrels implied an ongoing supply overhang, record U.S. refinery runs of 17.1 million barrels per day (bpd), up 418,000 bpd on the week, indicated ongoing strong demand.
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Even in the United States, not part of the pact to curb output, crude inventories fell 6.9 million barrels last week to 412.65 million barrels, the lowest seasonal level in three years and below the five-year average marker around 420 million barrels.
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The company operates a terminal with bunker storage capacity of 50,000 barrels at the plant site on the Galveston Ship Channel, and plans to add 750,000 barrels of fuel oil storage and 500,000 barrels of gas oil storage at the site, Sullivan said.
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The Energy Department recently predicted that domestic oil production, which averaged 8.6 million barrels a day in 2016, will average 9.3 million barrels a day this year and 10 million barrels a day in 2018, blowing past the record set in 1970.
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The delays affect about 17 million barrels for export, compared with over 24 million barrels earlier this month, indicating a slight easing in the port congestion that had raised the prospect of a force majeure declaration by Venezuela if barrels were not shipped.
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That includes 8 million barrels in the Druzhba pipeline and another 11 million barrels loaded onto tankers at Ust-Luga port in the Baltic.
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The U.S. Energy Information Administration (EIA) said crude stocks fell by around 300,000 barrels last week, to 476.49 million barrels .
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This comes after government data showed that U.S. commercial crude stockpiles had fallen by 2.3 million barrels to a total of 519.5 million barrels.
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The Energy Information Administration (EIA) reported a crude inventory drop of 2.3 million barrels last week, versus forecasts for a 2.1 million barrels decline.
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Gasoline inventories fell by 3.2 million barrels, while distillate stockpiles, which include diesel and heating oil, fell by 371,000 barrels, the EIA data showed.
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Hedge funds' net position in Brent and WTI has been cut to 28 million barrels, down from a record 228 million barrels on Feb.
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Hedge funds have cut long positions by 170 million barrels over the last five weeks while adding 139 million barrels of extra short ones.
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Gasoline stocks fell 63 million barrels to the lowest level since December 2017, while distillate stockpiles dropped by 77,000 barrels, the EIA data showed.
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The EIA expects global oil demand will rise by 1.1 million barrels per day in 2019, down by 20203,000 barrels from its June forecast.
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Distillate stockpiles, which include diesel and heating oil, fell by 559,000 barrels, the EIA data showed, versus expectations for a 1.2 million barrels drop.
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Hedge funds raised their combined net long position in ICE Brent and NYMEX and ICE WTI by 99 million barrels to 649 million barrels.
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Its gasoline production is 15,000 barrels a day, and it makes 30,000 barrels a day of refined fuel, Phillips 66 spokesman Dennis Nuss said.
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Saudi also announced that Saudi's oil exports will decreased to 7100,000 barrels/day in Feb, which is lower than 72000,000 barrels/day in Jan.
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"It's incredible that we were able to put 9.5 million barrels into storage last week, while exporting a million barrels a day," Kilduff said.
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The facility at Yangpu special economic zone comprises 15 million barrels of storage for crude and 2.5 million barrels of space for refined products.
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U.S. gasoline inventories fell by 7.7 million barrels to 229.1 million barrels last week, the largest weekly draw since September 2017, EIA data show.
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Crude inventories fell by 22015 million barrels in the week to April 0003, compared with analysts' expectations for an decrease of 2000 million barrels.
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In its refining business, Imperial Oil's throughput averaged 385,000 barrels per day, lower than the 407,000 barrels per day in the year-earlier quarter.
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U.S. crude oil inventories rose last week by an unexpected 6.5 million barrels to 494.76 million barrels, the Energy Information Administration said on Wednesday.
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Distillate stockpiles, which include diesel and heating oil, rose by 1.5 million barrels, versus expectations for a 482,000 barrels increase, the EIA data showed.
|
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But gasoline stockpiles grew by 210 million barrels and distillates, which include diesel and heating oil, rose 2000 million barrels, versus forecasts of drawdowns.
|
|
Gasoline stocks fell by 1.2 million barrels, and distillate stocks, which include diesel and heating oil, fell by 362,000 barrels, the EIA data showed.
|
|
The EIA announced that U.S. commercial crude inventories had increased by 2 million barrels in the last week, coming in at 21.15 million barrels.
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|
U.S. gasoline stockpiles ended the week through June 403 at nearly 239 million barrels, only about 20,000 barrels below the record hit in February.
|
|
"The market would have to adjust downwardly to adjust for the barrels" if OPEC ended its cut of 1.2 million barrels per day (bpd).
|
|
Distillate stockpiles, which include diesel and heating oil, rose by 768,000 barrels, versus expectations for a fall of 48,000 barrels, the EIA data showed.
|
|
The IEA said Iranian offshore stocks fell to 213 million barrels in March from 227 million barrels when sanctions were lifted in early 22017.
|
|
Crude stocks swelled by 5.4 million barrels, surprising analysts who had expected a decrease of 800,000 barrels for the week ended on May 10.
|
|
Distillate stockpiles, which include diesel and heating oil, fell by 1.0 million barrels, versus expectations for a 133,000 barrels increase, the EIA data showed.
|
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Fund managers also increased their net long position in European gasoil for the third week running by 4 million barrels to 15 million barrels.
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|
Crude inventories at Cushing last week dropped to 42.3 million barrels, from 52.5 million barrels in June, according to the U.S. Energy Information Administration.
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|
U.S. oil production has fallen from a high of nearly 9.7 million barrels per day last year to about 8.8 million barrels per day.
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Colorado now ranks fifth among U.S. states in oil production at about 22020,4003 barrels per day (bpd), up from just 2400,22 barrels in 2600.
|
|
U.S. crude oil inventories also surged by 6.8 million barrels over the same week, to 483.26 million barrels, their highest levels since July 2017.
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|
Stockpiles fell by 3.1 million barrels in the week ended April 12 to 452.7 million barrels, data from the American Petroleum Institute (API) showed.
|
|
At the same time, U.S. crude inventory levels C-OUT-T-EIA climbed by 6.8 million barrels, to 414.19 million barrels, the EIA said.
|
|
Crude inventories fell by 88.93 million barrels in the week to May 3, compared with analysts' expectations for an increase of 1.2 million barrels.
|
|
Crude inventories fell 21 million barrels last week, the Energy Information Administration said, far surpassing analyst expectations for a decrease of 210 million barrels.
|
|
This leaves us expecting a global surplus of 400,000 (barrels per day) in (the fourth quarter) versus a 300,000 (barrels per day) draw previously.
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|
Distillate stockpiles, which include diesel and heating oil, rose by 1.2 million barrels, versus expectations for a 220,000 barrels increase, the EIA data showed.
|
|
Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.2 million barrels to 66.3 million barrels, reaching another all-time high, EIA said.
|
|
Crude inventories rose by 3383 million barrels in the week to March 0008, compared with analysts' expectations for an increase of 2000 million barrels.
|
|
However the EIA data showed distillates, which include diesel and heating oil, fell 3.7 million barrels and gasoline declined 1.9 million barrels, Reuters wrote.
|
|
This week's petroleum inventory report prompted the decline when it indicated that total inventories rose 4.5 million barrels, to a record 2.1 billion barrels.
|
|
In 2017, gasoline output slid 1.1 percent to 164.884 million barrels while diesel fuel production slumped 10.6 percent to 255.248 million barrels, ANP said.
|
|
U.S. oil production was 8.6 million barrels a day last week — a million barrels a day below year-ago levels, according to the EIA.
|
|
Exxon boosted its estimated recoverable reserves in its offshore Guyana project to more than 6 billion barrels of oil equivalent, from 5.5 billion barrels.
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|
The EIA reported a drop of 3.7 million barrels for distillates, which include diesel and heating oil, and 22014 million barrels decline for gasoline.
|
|
U.S. commercial crude oil inventories also rose, by 20193 million barrels to 454.5 million barrels in the week ended Feb.
|
|
By contrast, the net long position in WTI was just 382 million barrels, well below the record of 444 million barrels set in February.
|
|
Crude inventories fell by 2730 million barrels in the week to July 2000, compared with analysts' expectations for a decrease of 2613 million barrels.
|
|
Distillate stockpiles, which include diesel and heating oil, rose by 537,000 barrels, versus expectations for a 1.1 million barrels drop, the EIA data showed.
|
|
Stockpiles at the Cushing, Oklahoma hub for U.S. crude deliveries rose by more than 222,29.1 barrels to reach above 22015 million barrels between Feb.
|
|
Enterprise owns just 3.3 million barrels of storage capacity in Cushing, small relative to operators like Enbridge Energy Partners with over 20 million barrels.
|
|
U.S. crude stocks rose 867,000 barrels to a record of nearly 534 million barrels last week, the Energy Information Administration (EIA) said on Wednesday.
|
|
That marks an additional 3.5 million barrels on top of the 1 million barrels of oil already approved to be released as of Thursday.
|
|
The agency now sees U.S. output averaging 9.3 million barrels a day in 2017, and and nearly 10 million barrels a day in 2018.
|
|
Reuters reported overnight that the U.S. Energy Information Administration said crude stockpiles rose 3.9 million barrels last week to reach nearly 522 million barrels.
|
|
The total reserves at the three oil fields stand at 10 billion barrels, and the fields will produce 100,000 barrels per day, Unit said.
|
|
Data from the U.S. Energy Information Administration (EIA) showed that commercial crude inventories last week declined by 2.56 million barrels to 483.19 million barrels.
|
|
Crude inventories fell 20.6 million barrels in the week to May 289.1, as imports fell an average 21.2,2710 barrels per day, the EIA said.
|
|
Distillate stockpiles, which include diesel and heating oil, fell 1.6 million barrels, versus expectations for a drop of 1 million barrels, the data showed.
|
|
U.S. crude stockpiles fell by nearly 13 million barrels last week versus analysts forecasts for a build of 3.2 million barrels, government data showed.
|
|
U.S. East Coast crude stocks rose by 143,000 barrels last week, climbing to 20.3 million barrels, the highest volume on record, EIA data shows.
|
|
Distillate stockpiles, which include diesel and heating oil, fell 2 million barrels, versus expectations for a drop of 506,000 barrels, the EIA data showed.
|
|
Crude inventories rose by 0003 million barrels in the week to 428 million, compared with analysts' expectations for an increase of 2 million barrels.
|
|
Distillate stockpiles, which include diesel and heating oil, rose by 4.4 million barrels, versus expectations for a 281,000 barrels increase, the EIA data showed.
|
|
Gasoline stocks have swung from 53 million barrels above the prior-year level in January to almost 25 million barrels below in late October.
|
|
EIA projects production will rise by 6,000 barrels a day in the Bakken and by 11,000 barrels a day in the Niobrara in July.
|
|
Indian Oil Corp will lift 6 million barrels of Iranian oil and Mangalore Refinery and Petrochemicals Ltd 3 million barrels, the source told Reuters.
|
|
Crude inventories fell by 2694 million barrels in the week to July 2000, compared with analysts' expectations for a decrease of 0003 million barrels.
|
|
But for the first time since early October, funds added to long positions in both WTI (32 million barrels) and Brent (3 million barrels).
|
|
Crude inventories increased by 3.7 million barrels to 443 million, compared with analyst expectations for a decrease of 2.8 million barrels, the API said.
|
|
It has about 10 million barrels per day of output, or about 10 percent of global production, and reserves of about 160 billion barrels.
|
|
But now American production is dropping fast, by more than 600,5093 barrels a day over the last year, to 8.9 million barrels a day.
|
|
Its exports have increased by about 1 million barrels per day since early 2015 to 7.5 million barrels per day, according to ClipperData research.
|
|
Production will reach 120,000 barrels a day early next year, rising to at least 750,20183 barrels by 2025, and more is expected after that.
|
|
After stagnating at just more than 33 million barrels a day, OPEC's output will raise sharply to 41.4 million barrels a day by 2040.
|
|
Gasoline inventories currently sit at 212 million barrels, or 2000 percent, above the five-year average of 223 million barrels, according to EIA data.
|
|
That would mark growth of more than 1 million barrels a day from this past January, when frackers produced 0003 million barrels a day.
|
|
U.S. shale production has been increasing, and at 9.3 million barrels a day, it's just 33,000 barrels a day shy of its 2015 peak.
|
|
Crude inventories built for a fourth week in a row, rising 3.6 million barrels to 450.8 million barrels in the week to Feb. 8.
|
|
Crude inventories rose by 22.9 million barrels in the week to March 2.13, compared with analysts' expectations for a decrease of 22.1 million barrels.
|
|
Colorado now ranks fifth among U.S. states in oil production at about 2000,2157 barrels per day (bpd), up from just 22018,22020 barrels in 4003.
|
|
Funds also increased their net long position in U.S. heating oil by 11 million barrels to 41 million barrels, the highest for 42 months.
|
|
The EIA reported a drop of 2000 million barrels for distillates, which include diesel and heating oil, and 227 million barrels decline for gasoline.
|
|
Iran produced roughly 3.6 million barrels a day before the nuclear sanctions, but dropped to roughly 2.8 million barrels a day in recent years.
|
|
Crude inventories fell by 23.7 million barrels in the week to July 2739, compared with analysts' expectations for a decrease of 2000 million barrels.
|
|
Crude inventories rose by 2000 million barrels in the week to June 22.2, compared with analysts' expectations for a decrease of 2784 million barrels.
|
|
Global oil demand, they predict, will drop from 100 million barrels per day in 2020, to around 70 million barrels per day in 2030.
|
|
"I would put barrels on each corner and I would give you 30 days to drop all illegal weapons in these barrels," Lewis said.
|
|
The average climbed to 2.86 billion barrels in September 2017 from about 2.73 billion barrels when the supply pact was sealed in late 2016.
|
|
The supply of oil rose by 720,000 barrels a day in June across the world and by 340,000 barrels a day in OPEC countries.
|
|
Crude stocks at the Cushing fell by 2.3 million barrels, while U.S. crude inventories rose by 1.4 million barrels in the week to Nov.
|
|
The Kingdom's first move was to drastically increase production starting April 0003 by 2.6 million barrels a day, to a record 12.3 million barrels.
|
|
Under the proposal, the 14 members of OPEC would make one million barrels of trims, while Russia and other allies would cut 500,000 barrels.
|
|
Crude inventories fell 211.04 million barrels last week, the Energy Information Administration said, far surpassing analyst expectations for a decrease of 21 million barrels.
|
|
The Russian energy minister, Alexander Novak, said his country's output, 11.4 million barrels a day in October, would be reduced by around 230,000 barrels.
|
|
Analysts polled by Reuters forecast that U.S. crude inventories fell 3.2 million barrels while gasoline and distillate stocks each rose by 1.5 million barrels.
|
|
Net length in ICE gasoil was cut to just 23 million barrels, down from a recent high of 112 million barrels in early October.
|
|
Gasoline stocks fell by 1.3 million barrels to 225.32 million barrels, compared with analysts' expectations in a Reuters poll for a 198,000-barrel drop.
|
|
And Trump would need to release an unprecedented amount of oil, 20183 to 2 million barrels a day; Iran produces roughly 2 million barrels.
|
|
Nigeria's production was up to 1.75 million barrels a day last month, up more than a million barrels from earlier this year, said Kilduff.
|
|
Inventories of petroleum products also increased with gasoline stocks surging by more than 5 million barrels and distillates gaining just over 4 million barrels.
|
|
Distillate stockpiles, which include diesel and heating oil, rose by 702,000 barrels, versus expectations for a drop of 572,000 barrels, the EIA data showed.
|
|
Total long positions have been slashed by 133 million barrels, while short positions have increased by 213 million barrels, since April 224 (tmsnrt.rs/13LyoJY3).
|
|
Since then, however, fund managers have cut long positions across the petroleum complex by 52 million barrels and boosted shorts by 57 million barrels.
|
|
This lifted total production cuts to 1.7 million barrels per day, above the 1.2 million barrels per day cut agreed upon in December 43.
|
|
PetroChina's crude oil production in the first half rose to 437.7 million barrels, up from 435.8 million barrels in the first half of 2017.
|
|
Non-OPEC supply is forecast to fall by 850,000 barrels a day this year of which 760,000 barrels will be cut from U.S. production.
|
|
Reuters reported that OPEC countries would shoulder 340,25.63 barrels per day of fresh cuts, with other producers taking the remaining 160,000 barrels per day.
|
|
The four primary pipelines lost 22.5 million barrels of oil in six months - roughly 6% of Nigeria's nearly 2 million barrels per day (bpd).
|
|
Crude inventories built for a fourth week in a row, rising 24.8 million barrels to 285.9 million barrels in the week to Feb. 22017.
|
|
Production has fallen from 2.2 million barrels at the start of the year to around 1.6 million barrels, helping push up global oil prices.
|
|
Distillate stockpiles, which include diesel and heating oil, fell 1.6 million barrels, versus expectations for an increase of 31,000 barrels, the EIA data showed.
|
|
Distillate stockpiles, which include diesel and heating oil, rose by 917,000 barrels, versus expectations for a 1.1 million barrels drop, the EIA data showed.
|
|
Flint Hills Resources is closing its nearly 603,260-barrels-a-day facility, while Citgo Petroleum is winding down its 280,240-barrels-a-day plant.
|
|
The law mandated sales of 25 million barrels from the SPR over three years, starting with the sale of 10 million barrels this year.
|
|
They include grain farmers, manufacturers of the glasses and the oak barrels, the coopers who make the barrels and entrepreneurs building bourbon tourism businesses.
|
|
Crude inventories USOILC=ECI fell 29.3 million barrels in the week ended May 19, more than analysts' forecasts of a 2.4 million barrels decline.
|
|
Production is falling 20,000 barrels to 50,133 barrels a day month after month and is now at its lowest level in nearly three decades.
|
|
Russian oil pipeline exports in December stood at 4.286 million barrels per day, up from 4.147 million barrels per day in the previous month.
|
|
Portfolio managers have now sold a total of 158 million barrels over the last eight weeks, after previously buying 270 million barrels since Dec.
|
|
In the United States, the Energy Information Administration (EIA) said on Wednesday that commercial crude stocks fell by 1.1 million barrels in the week to April 13, to 427.57 million barrels, which is close to the five-year average level around 420 million barrels.
|
|
U.S. crude stockpiles last week rose to their highest since September 2017, jumping by 9.9 million barrels to 470.6 barrels, as production set a record high of 12.3 million barrels per day (bpd), while refining rates fell, the Energy Information Administration (EIA) said on Wednesday.
|
|
The Organization of the Petroleum Exporting Countries said in its monthly report oil stocks in the developed world reversed a rise in January to fall by 17.4 million barrels in February to 2.854 billion barrels, around 43 million barrels above the latest five-year average.
|
|
Scott D. Sheffield, chief executive of the Texas-based producer Pioneer Natural Resources, said he expected the growth of United States oil production to ease from 1.2 million barrels a day this year to 500,000 barrels next year and perhaps 400,000 barrels in 2021.
|
|
Azerbaijan agreed in December to cut its daily oil output by 35,000 barrels per day, but it has cut by 52,700 barrels a day in February to 776,400 barrels per day over the course of the month, said Azerbaijan energy ministry spokeswoman Zamina Aliyeva.
|
|
Even with the addition of barrels promised by OPEC and other producers last weekend, the world market is down hundreds of thousands of barrels because of Venezuela's production issues and a surprise outage in Canada, which took 360,000 barrels off the market last week.
|
|
But the net long position has fallen from a recent peak of 160 million barrels in mid-January to 127 million barrels on Feb. 21.
|
|
Bernstein Energy said global oil inventories declined 24 million barrels to 5.7 billion barrels in the fourth quarter of last year from the previous quarter.
|
|
Moscow in December said it would cut production by 143,000 to 60,000 barrels a day in January, while Saudi pledged a cut of 900,000 barrels.
|
|
U.S. commercial crude stocks rose for a fifth consecutive week last week, increasing 6.3 million barrels to 422.79 million barrels, the Energy Information Administration said.
|
|
Distillate stockpiles, which include diesel and heating oil, rose by 1.8 million barrels, versus expectations for a 1.5 million barrels increase, the EIA data showed.
|
|
U.S. gasoline stocks fell by 2.6 million barrels, and distillate fuel stocks dropped by 4.9 million barrels the most since October 2014, EIA data showed.
|
|
U.S. crude inventories rose by 1.2 million barrels in the week to March 9, to 3003 million barrels, the American Petroleum Institute said on Tuesday.
|
|
But the U.S. also imports another approximately 8 million barrels a day, and in September, about 520,000 barrels a day of that came from Mexico.
|
|
By May 9, hedge funds were running a net short position of 53 million barrels in U.S. gasoline and 9 million barrels in heating oil.
|
|
Crude inventories USOILC=ECI fell 6.1 million barrels in the week to July 20, compared with analysts' expectations for a decrease of 22.3 million barrels.
|
|
U.S. production fell from a recent high of 9.62 million barrels a day in April 2015 to a bottom of 8.56 million barrels in September.
|
|
They were producing roughly two point seven dollars billion barrels per day for export and down to now somewhere around a million barrels per day.
|
|
The EIA reported gasoline stockpiles rose by 2 million barrels last week, confounding analysts' expectations in a Reuters poll for a 1.1 million barrels drop.
|
|
Two industry sources said daily production at Kashagan had fallen to 40,300 tonnes (294,000 barrels) on average from 50,000 tonnes (365,000 barrels) in early October.
|
|
Saudi Aramco is the world's largest oil-producing company, pumping out about 10 million barrels a day, with estimated oil reserves of 261 billion barrels.
|
|
He said 200,000 barrels per day would be shipped from Basra on top of the usual volumes exported daily of more than 3.2 milllion barrels.
|
|
The U.S. Energy Information Administration (EIA) said U.S. crude stocks fell by around 300,000 barrels last week, to 476.49 million barrels .
|
|
Brazil's gasoline sales went up from 400,000 barrels per day in 212 to 21.2,22016 barrels per day in 21.8 according to government data (tmsnrt.rs/22015WNIMUh).
|
|
While bourbon can only be aged in new barrels, Scottish distilleries will reuse those old barrels up to three or four times to make Scotch.
|
|
Portfolio managers raised their net long position in Brent by 10 million barrels to a record 544 million barrels in the week ending on Dec.
|
|
U.S. crude stocks rose last week by 2.6 million barrels to 534.4 million barrels data from industry group, the American Petroleum Institute, showed on Tuesday.
|
|
U.S. crude inventories rose 1.4 million barrels last week, compared with analysts' expectations for a decrease of 253 million barrels, the Energy Information Administration reported.
|
|
Hedge funds added 20183 million barrels of new short positions in the most recent week, all in Brent, where shorts rose by 22018 million barrels.
|
|
Crude inventories USOILC=ECI rose 21 million barrels in the week to July 21, compared with analysts' expectations for a decrease of 1003 million barrels.
|
|
U.S. crude inventories rose 6 million barrels last week, the Energy Information Administration said, more than double analysts' expectations of a 2.6 million-barrels increase.
|
|
U.S. oil production has fallen by about a million barrels per day from a peak of nearly 9.7 million barrels per day in April 2015.
|
|
Distillate stockpiles, which include diesel and heating oil, fell by 1.7 million barrels, versus expectations for a drop of 131,000 barrels, the EIA data showed.
|
|
The U.S. has been producing 12.1 million barrels per day of oil, according to recent U.S. data, about 1.3 million barrels more than last year.
|
|
The IEA said stocks in industrialized nations in May were 266 million barrels above the five-year average, down from 300 million barrels in April.
|
|
In October, before U.S. sanctions came into force, Iran sold 280,000 barrels at $74 apiece of the one million barrels it offered on the exchange.
|
|
Crude inventories fell by 1.4 million barrels in the week to July 12 to 460 million barrels, the American Petroleum Institute (API) said on Tuesday.
|
|
Distillate stockpiles, which include diesel and heating oil, fell by 20173 million barrels, versus expectations for a 1.9 million barrels drop, the EIA data showed.
|
|
Funds cut short positions in NYMEX and ICE WTI by a total of 23 million barrels while long positions actually fell by 6 million barrels.
|
|
That's 3853 million barrels more than last year's average and nearly 300,000 barrels higher than the previous record set in February 2016, according to ClipperData.
|
|
Hedge funds' bullish long positions were cut by 34 million barrels in the week to June 20163 but short positions increased by 30 million barrels.
|
|
Inventories in industrialized nations totaled 2240 billion barrels in February - about 225 million barrels above the five-year average, according to the International Energy Agency.
|
|
Crude inventories rose 2244 million barrels in the week to March 2000, inline with analysts' expectations, hitting an all-time high of 521.9 million barrels.
|
|
Saudi stocks are down 71 million barrels since October 2015 while U.S. crude stocks are still up by 48 million barrels over the same period.
|
|
Within the next couple of days, Rossello expects 500,000 barrels of diesel and close to 1 million barrels of gasoline to arrive on the island.
|
|
The net long position in WTI has surged from just 250 million barrels in early February to 22016 million barrels on March 20163 (tmsnrt.rs/22016WU22016dsx).
|
|
In contrast, net long positions in WTI fell by 6 million barrels to 455 million barrels down from a record 461 million the previous week.
|
|
Stockpiles at the Cushing, Oklahoma delivery point for U.S. crude futures rose by more than 503,000 barrels to reach above 67.5 million barrels between Feb.
|
|
The Energy Information Administration reported U.S. crude stocks rose by 213 million barrels in the previous week to a record total of 217 million barrels.
|
|
U.S. crude inventories fell by 1.8 million barrels for the week to May 12, less than the of 2.4 million barrels that had been forecast.
|
|
Hedge funds added 2000 million barrels of new short positions in the most recent week, all in Brent, where shorts rose by 22018 million barrels.
|
|
Distillate stockpiles USOILD=ECI, which include diesel and heating oil, fell 777,000 barrels, versus expectations for a 1.1 million barrels drop, the EIA data showed.
|
|
The U.S. Energy Information Administration said crude stockpiles rose 3.9 million barrels to nearly 522 million barrels, as predicted by analysts in a Reuters poll.
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Oil extended gains after weekly crude oil inventories showed a rise of 3.9 million barrels but a drop of 4.5 million barrels in gasoline inventories.
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Funds now have long positions equivalent to almost 1 billion barrels across the three major contracts, while short positions amount to just 111 million barrels.
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On the contrary, OPEC crude oil output rose by 280,000 barrels a day in January to 32.63 million barrels a day as output from Iran.
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He said the giant ACG oilfields, which have so far produced 3.5 billion barrels of oil, had the potential to yield another 3 billion barrels.
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Crude inventories USOILC=ECI fell by 5.4 million barrels in the latest week, far more than the decrease of 1.9 million barrels analysts had expected.
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Crude inventories USOILC=ECI increased 2000 million barrels in the week to July 0003, compared with analysts' expectations for a decrease of 2000 million barrels.
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OPEC's 260 members pumped 20183 million barrels a day in September, up about 22018,23 barrels, according to independent sources cited in the group's monthly report.
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Fund managers continued to add short positions in WTI (23 million barrels) and Brent (15 million barrels) in the expectation that prices would fall further.
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The data show 2500 million barrels of U.S. oil is due to arrive across Asia in November, equivalent to about 295,2459 barrels per day (bpd).
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U.S. gasoline stockpiles USOILG=ECI fell by 2.5 million barrels last week, versus a draw of 1003,000 barrels expected by analysts in a Reuters poll.
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The fields sold had daily output of 54,20173 barrels of oil equivalents in 2016, while Exxon's remaining Norwegian stakes yielded about 170,000 barrels per day.
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Total net long positions in petroleum have risen by 22 million barrels in the two most recent weeks, with WTI accounting for 87 million barrels.
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OPEC crude output rose by 290,000 barrels per day in May to 32.08 million barrels a day, the highest level seen so far this year.
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OPEC anticipates drillers outside its group will pump 59.62 million barrels a day this year, or 20143 million barrels a day more than last year.
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OPEC crude output rose by 22018,000 barrels per day in May to 32.08 million barrels a day, the highest level seen so far this year.
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The U.S. Energy Information Administration said on Wednesday that crude inventories fell 1.8 million barrels for the week to May 12, to 520.8 million barrels.
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But the U.S. also imports another approximately 22015 million barrels a day, and in September, about 520,000 barrels a day of that came from Mexico.
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The Organization of the Petroleum Exporting Countries agreed to cut production by 2003 million barrels a day, bringing output to 32.5 million barrels a day.
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Crude inventories USOILC=ECI fell 1.03 million barrels in the week to April 2000, compared with analysts' expectations for an increase of 3.2 million barrels.
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But portfolio managers raised their net long position in U.S. gasoline by 15 million barrels, after increasing it by 11 million barrels the week before.
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"Commercial stocks in the OECD built counter-seasonally by 7.3 million barrels in February to end the month at 3 060 million barrels," it said.
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Distillate stockpiles, which include diesel and heating oil, declined by 2.1 million barrels, versus expectations for a 1.6 million barrels drawdown, the EIA data showed.
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A government source in Saudi Arabia said the kingdom has ramped up production to 10.7 million barrels a day, from 10.5 million barrels in September.
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Hedge funds' net position surged from 471 million barrels on the eve of the OPEC meeting to 612 million barrels seven days later (tmsnrt.rs/2dJwBbh).
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Production in the coming fiscal year is expected to average 526,000 barrels per day, then decline gradually to 493,000 barrels per day by fiscal 2027.
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U.S. crude inventories dropped for a seventh consecutive week, falling 21.1 million barrels last week to 212 million barrels to their lowest since January 133.
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The latest purchase comes after a previous import tender where IOC bought 1.6 million barrels of Mars crude and 400,000 barrels of Western Canadian Select.
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Distillate stockpiles, which include diesel and heating oil, rose by 3.1 million barrels, versus expectations for a 1.1 million barrels increase, the EIA data showed.
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The U.S. used 9.7 million barrels a day of gasoline last week, and that could fall to about 5 million barrels a day, Kloza said.
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The Paris-based agency now sees oil demand growing by 1.1 million barrels per day this year and 1.3 million barrels per day next year.
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According to weekly government data, the U.S. two weeks ago exported 5.3 million barrels of refined products and 2.8 million barrels a day of oil.
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U.S. gasoline stocks fell by 4.3 million barrels to 252.1 million barrels, the EIA said, compared with analysts' expectations for a 383 million-barrel drop.
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The EIA now sees U.S. production averaging 29.34 million barrels a day in 2300, down from last month's forecast of 2000 million barrels a day.
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U.S. crude inventories rose 1.8 million barrels last week, Energy Information Administration (EIA) data showed compared with expectations for an increase of 2.8 million barrels.
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Oil demand growth is expected to rise by 1.64 million barrels a day to 98.83 million barrels a day this year, according to OPEC estimates.
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Distillate stockpiles, which include diesel and heating oil, rose by 4.1 million barrels to 123.6 million barrels, versus forecasts for a 1.6 million-barrel gain.
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Swaps equal to about 12.2019 million barrels of U.S. crude and about 6.5 million barrels of Brent changed hands on Monday, dealers said this week.
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The blend is based on syrah and zinfandel and is aged for about four months in regular wine barrels and four more in bourbon barrels.
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The number of shorts has risen from just 109 million barrels to 166 million barrels, the highest for five months since the middle of December.
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U.S. crude inventories rose 3.1 million barrels last week, the Energy Information Administration said, far exceeding analyst expectations for an increase of 1.6 million barrels.
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The U.S. could be sending barrels to cover the lower Saudi exports, and the U.S. is expected to export about 3 million barrels a day.
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However, crude stocks at Cushing, the delivery hub for U.S. crude futures rose 260 million barrels to 22012 million barrels, the highest since December 21.9.
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Gasoline stocks rose by 1.8 million barrels while distillate fuels stockpiles, which include diesel and heating oil, climbed by 609,000 barrels, the API data showed.
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Distillate stockpiles, which include diesel and heating oil, fell by 2.0 million barrels, versus expectations for a 1.7 million barrels drop, the EIA data showed.
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In the final three months of 2016, oil companies in the United States increased their output by 200,000 barrels, to 8.9 million barrels a day.
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It has also offered 300,000 barrels of jet fuel for every quarter of next year and 240,000 barrels a month of 503 ppm sulfur gasoil.
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Meanwhile, demand for oil will jump by 6.9 million barrels a day to 104.7 million barrels a day during the same period, the IEA forecast.
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In the past week, oil production totaled 12.8 million barrels a day, up 1.2 million barrels from a year ago, according to weekly government data.
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In the Permian Basin, the country's largest oilfield, the 2.5 million barrels of oil produced daily generates about 15 million barrels of water per day.
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Overall U.S. crude stocks fell to 463.2 million barrels, a 14-percent drop from the peak of 535.5 million barrels at the end of March.
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Starting in July, CEFC could take eight cargoes of about 740,000 barrels, or 5.92 million barrels of ESPO crude, from Rosneft, the four sources said.
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Funds also boosted their net long position in European gasoil by 3 million barrels to a total of 5 million barrels, according to exchange data.
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U.S. gasoline stocks rose by 3.2 million barrels to 242.5 million barrels, the EIA said, compared with analysts' expectations for a 1.8 million-barrel rise.
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IEA data currently shows a miscellaneous to balance item of 0.5 million barrels per day in 2014 and 1.0 million barrels per day in 2015.
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Crude stocks at the Cushing, Oklahoma, delivery hub also rose 642,000 barrels to 53.6 million barrels, holding at their highest since December 2017, EIA said.
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Crude inventories rose by 3.5 million barrels in the week to May 31 to 478 million, compared with analysts' expectations for a decrease of 849,000 barrels.
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The EIA said crude inventories fell 2.3 million barrels in the week to July 15, close to analysts' expectations for a decrease of 245.56 million barrels.
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Net length is down from 911 million barrels on April 23 but still more than double the recent low of 302 million barrels on Jan. 8.
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Bernstein Energy said global oil inventories declined by 24 million barrels to 5.7 billion barrels in the fourth quarter of last year from the previous quarter.
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The project has pumped 400 million barrels of oil and consists of 30 wells that pumped about 31,000 barrels per day last year, the document said.
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Hedge funds raised their combined long position across the five major contracts by 228 million barrels to 217 million barrels, the highest level since April 18.
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Fund managers cut their combined short position across the five contracts by 40 million barrels to 239 million barrels, which was the lowest level mid-April.
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Venezuela's daily oil production plunged from 1.2 million barrels in December 2018 to 750,000 barrels in March 2019, according to field level data from Rystad Energy.
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Crude inventories overall fell by 298.2 million barrels in the last week, compared with analyst expectations for a decrease of 20163 million barrels, the data showed.
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The tanks now hold a combined 425,000 barrels of crude when they usually contain a minimum of 50,000 barrels each when the Plains line operates normally.
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U.S. crude stockpiles rose 218 million barrels last week, less than forecast, but touching a record high at 520.2 million barrels after eight straight weekly builds.
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Crude inventories USOILC=ECI fell by 930,5623 barrels in the week to April 28, much less than analysts' expectations for a decrease of 2.3 million barrels.
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Bullish long positions had been trimmed by 3003 million barrels over the three week period while bearish short ones had been increased by 2300 million barrels.
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Warehouse contained 45,000 barrels The warehouse contained 45,000 barrels of "relatively young whiskey," according to a statement from Beam Suntory, the parent company of Jim Beam.
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The nation's inventories of gasoline rose by 8.1 million barrels, while its stockpiles of distillates, which include diesel and heating fuel, jumped by 10.6 million barrels.
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Crude inventories rose by 8.6 million barrels in the week to May 10 to 477.8 million, compared with analysts' expectations of a decrease of 800,000 barrels.
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Analyst said Iran exports have already fallen below 1 million barrels a day and it could drop more, to as little as 200,000 barrels a day.
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U.S. crude stockpiles rose by 8.6 million barrels in the week to May 10 to 477.8 million, compared with expectations for a decrease of 800,000 barrels.
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Distillate stocks, which include diesel and heating oil, unexpectedly rose by 1.5 million barrels, while gasoline inventories fell by 691,000 barrels, about half the forecast drawdown.
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U.S. crude stocks fell by 262 million barrels last week as refineries hiked crude runs by 260,22020 barrels per day (bpd), the Energy Information Administration said.
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U.S. crude inventories climbed 2 million barrels last week to an all-time peak of 540.6 million barrels, the government-run Energy Information Administration (EIA) said.
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Tank terminals at Ulsan have 23 million barrels of storage capacity, while Yeosu has an additional 8.2 million barrels, according to Korea National Oil Company's website.
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U.S. crude inventories surged by 230 million barrels to a 221.7-month high of 216 million barrels last week, the Energy Information Administration said on Wednesday.
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But fund managers left their position in NYMEX and ICE WTI basically unchanged (-22008 million barrels) and actually boosted their position in Brent (+209 million barrels).
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U.S. crude inventories USOILC=ECI fell 20183 million barrels last week, the Energy Information Administration said, exceeding analysts' expectations for a decrease of 2.7 million barrels.
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Adding the equivalent of 190,000 barrels of oil per day to production may seem small beer against 2017 annual output of 3.6 million barrels per day.
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U.S. crude oil imports averaged over 226 million barrels per day last week, up by 228,245 barrels per day from the previous week, according to EIA.
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For 2020, the energy agency said the pace of growth would average 1.4 million barrels per day, compared to 1.2 million barrels per day this year.
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"So they should freeze their production at 10 million barrels and we should freeze ours at 1 million barrels - this is a laughable proposal," he said.
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It aims to increase its output to 10,000 barrels per day by 2018 from 5,000 barrels per day now, with an ongoing $200 million investment programme.
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Data showed crude stocks in the United States, the world's top oil consumer, swelled by 8.2 million barrels last week to a record 528.4 million barrels.
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Hedge funds now have short positions in crude, gasoline and heating oil totalling 279 million barrels, down from a record 5 million barrels on June 27.
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Only in heating oil was the reduction in short positions of 5 million barrels roughly matched by an increase in long positions of 6 million barrels.
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Crude inventories fell by 10.2 million barrels in the week ending July 21 to 487 million, compared with expectations for a decrease of 2.6 million barrels.
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The U.S. exported 2.4 million barrels a day of crude last week, and nearly 5 million barrels of condensates and refined products, like gasoline and diesel.
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U.S. crude stocks dropped 14.5 million barrels last week to 511.4 million barrels, the biggest weekly drop in stockpiles since January 1999, according to government data.
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Meanwhile, Prince Mohammed said the kingdom could increase production to 22008 million barrels per day from 553 million barrels per day immediately if there is demand.
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The Energy Information Administration reported U.S. crude inventories increased by 0003 million barrels, bringing the total in storage to 536.5 million barrels in the previous week.
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U.S. crude stockpiles were down by 6.4 million barrels in the week to May 26, compared with analysts' expectations for a decrease of 2.5 million barrels.
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In the last five weeks, overall U.S. stocks have risen to 422 million barrels, not including the country's strategic reserve, which holds about 656 million barrels.
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U.S. crude inventories rose 5.5 million barrels last week, the Energy Information Administration said, far more than analysts' forecast of an increase of 1.3 million barrels.
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Crude inventories fell 3 million barrels in the week to June 15 to 430.6 million, compared with analysts' expectations for a decrease of 1.9 million barrels.
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Hedge funds cut their net long position in gasoline by 5 million barrels and heating oil by 12 million barrels in the week ending on Sept.
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U.S. crude oil production has risen by more than 2 million barrels per day over the past year to a record 12 million barrels per day.
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She noted inventories of crude, gasoline and distillates fell by 0.4 million barrels a day, versus estimates for a build of 203 million barrels a day.
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Crude oil inventories rose 210,000 barrels last week, half of what was expected, and at the Cushing, Oklahoma, storage hub, crude stocks fell by 220,000 barrels.
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By contrast, the net long position in WTI was cut by 3 million barrels last week and is down by 108 million barrels since Jan. 23.
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By May 23, stocks had fallen to just 13 million barrels over the prior year and 168 million barrels over the 10-year average (tmsnrt.rs/2pClGDT).
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IEA on Tuesday raised its forecast for U.S. and non-OPEC supply growth in 2017 by 100,000 barrels a day and 110,00 barrels a day, respectively.
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Last week's report showed a crude build of nearly 4 million barrels to above 521 million barrels, the fourth straight week of growing to record highs.
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Midwest and Gulf Coast inventories are up by 23 million barrels (9 percent) and 3 million barrels (4 percent) respectively, more than normal in both cases.
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U.S. crude inventories rose 7.1 million barrels last week, far exceeding analysts' expectations for an increase of 1.2 million barrels, the Energy Information Administration (EIA) said.
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Crude inventories rose by 919,000 barrels, the Energy Information Administration said, compared with analysts' expectations in a Reuters poll for an increase of 3.2 million barrels.
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A total of 159,085 barrels per day (bpd) in crude oil production was shut on Wednesday, an increase of 2,178 barrels from Tuesday, the agency said.
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Bangchak will also increase its refining capacity to 21,231.3500 to 140,000 barrels per day by 2020 from 120,000 barrels per day at present, Chaiwat told reporters.
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Global oil supplies dropped by nearly 300,000 barrels a day in March to 96.1 million barrels a day, according to the International Energy Agency in Paris.
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The problems are just some of the reasons Venezuela's oil production has plummeted to 225 million barrels a day, down 22.5,2800 barrels from a year ago.
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U.S oil production has recovered to about 296 million barrels a day after hitting a recent bottom of 2000 million barrels a day in September 33.23.
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Anaya told CNBC that Mexico exports about a million barrels of oil to the U.S. a day and imports about 700,000 barrels of diesel and gasoline.
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Hedge funds now have short positions in crude, gasoline and heating oil totaling 279 million barrels, down from a record 5 million barrels on June 27.
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Offsetting the big drop in crude stockpiles, gasoline stocks rose by 534,1.83 barrels, while distillate stockpiles, which include diesel and heating oil, jumped by 634,000 barrels.
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But they were net sellers of U.S. heating oil (-27 million barrels) and European gasoil (-9 million barrels), according to exchange and regulatory data (tmsnrt.rs/2UT8fPK).
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The island's residents use about 155,000 barrels of fuel a day, less than 1 percent of the 19 million barrels consumed daily in the United States.
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In November, OPEC agreed to reduce production by 1.2 million barrels a day, and 11 other exporters committed to cutting a combined 558,000 barrels a day.
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A Midwest broker said inventories in the Tulsa area had exceeded 10 million barrels, higher than the usual 7 million barrels for this time of year.
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Gasoline stocks climbed by 3.6 million barrels, while inventories of distillate fuels, including diesel and heating oil, fell by 2.9 million barrels, the API data showed.
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OPEC has agreed to cut production by about 2000 million barrels per day, or about 2300 percent of current production, to 2000 million barrels per day.
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OPEC has agreed to cut production by about 1.2 million barrels per day, or about 4.5 percent of current production, to 32.5 million barrels per day.
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Distillate inventories are now just 6 million barrels below the 213-year average compared with a deficit of 25 million barrels as recently as July 20.
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N) for the assets, which have combined production of 25.25,000 barrels of oil equivalent per day (boe/d)and 4.6 billion barrels of oil equivalent resources.
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U.S. oil production would rise by 50,000 to 100,23 barrels per day, which is marginal given America is now pumping over 10 million barrels per day.
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OPEC production is now 0.64-1.14 million barrels per day above the target of 32.5-33.0 million barrels per day it outlined in September (tmsnrt.rs/2gc3wDN).
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Midwest stocks are also up by 216 million barrels, more than double the average increase of 20143 million barrels at this time of year (tmsnrt.rs/22014k21Bxp).
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Portfolio managers sold 14 million barrels of Brent, but for the second week running they bought NYMEX and ICE WTI, boosting holdings by 1123 million barrels.
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Portfolio managers were net sellers of 10 million barrels of U.S. heating oil and 19 million barrels of European gasoil in the week to Nov. 27.
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U.S. crude inventories fell by 4.5 million barrels to 416.9 million barrels in the week to June 29, the American Petroleum Institute (API) said on Tuesday.
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By comparison, the Exxon Valdez was carrying 1.26 million barrels of crude oil when it spilled 260,000 barrels into Prince William Sound off Alaska in 1989.
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Venezuela's crude imports typically average about 100,000 barrels a day, but have fallen to about 40,000 barrels per day in recent months, according to the firm.
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Crude stocks at the Cushing, Oklahoma, delivery hub fell by 1.4 million barrels, the API said, while refinery crude runs rose by 208,000 barrels per day.
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Crude stocks at the Cushing, Oklahoma, delivery hub fell by 1.4 million barrels, the API said, while refinery crude runs rose by 208,000 barrels per day.
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Around 3.3 billion barrels of oil is stored globally onshore, close to the peak of 3.4 billion barrels reached in early 2017, according to Kpler data.
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It imports 175,000 barrels of Venezuelan crude daily — nearly one of every five barrels the country exports worldwide, providing the leftist government with desperately needed dollars.
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He forecasts global demand to reach 1.08 million barrels per day — up from 0.93 million barrels per day this year — primarily driven by non-OECD nations.
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The EIA revised down its outlook for U.S. shale oil production in September by 93,000 barrels a day to just over 6 million barrels a day.
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Gasoline stocks fell 2.1 million barrels, in line with analysts' expectations while distillate stocks inventories fell 5.7 million barrels, the biggest weekly draw since November 2011.
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They now expect the world to be undersupplied by 600,000 barrels a day in the second half of this year, and by 300,000 barrels next year.
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Oil inventories across the world's most industrial nations rose in April by 18.6 million barrels to 3.045 billion barrels, thanks to higher refinery output and imports.
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EIA's forecast for average U.S. oil output was roughly unchanged at 9.35 million barrels a day this year and 9.91 million barrels a day in 2018.
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The U.S. Energy Information Administration said inventories fell by 4.6 million barrels in the most recent week, compared with expectations for an increase of 246,000 barrels.
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The U.S. exported 1.77 million barrels of crude a day last week, and another 4.8 million barrels of refined products including gasoline, diesel and jet fuel.
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U.S. crude inventories rose by 3.1 million barrels last week, the Energy Information Administration said, compared with analyst expectations for an increase of 1.6 million barrels.
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ET. U.S. crude inventories rose 1.8 million barrels last week, Energy Information Administration (EIA) data showed compared with expectations for an increase of 2.8 million barrels.
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OPEC currently produces 29.7 million barrels a day (about 30 percent of global output), which is 2.6 million barrels a day fewer than a year ago.
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But fund managers boosted their net long position in U.S. gasoline by 12 million barrels to 49 million barrels, anticipating an acute shortage of refined fuels.
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U.S. gasoline stocks rose by 21.8650 million barrels and distillate inventories were up 29.7 million barrels, government data showed, both exceeding expectations in a Reuters poll.
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She said the U.S. is a net exporter of 51.443 million barrels of refined products a day, up from 1.7 million barrels a day in 2015.
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Oil prices fell Friday after a report that OPEC's July supply could rise by 225,210.4 barrels over June, driving production above 210 million barrels per day.
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According to Energy Department weekly data, the U.S. produced about 12.4 million barrels a day and exported about 3.3 million barrels a day earlier this month.
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U.S. crude stocks rose by 2.3 million barrels to 534.8 million barrels in the week to March 25, data from the U.S. Energy Information Administration shows.
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OPEC output jumped by 173,000 barrels a day to nearly 20183 million barrels, according to independent sources cited by the group Thursday in a monthly report.
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Flint Hills Resources is closing its nearly 300,000-barrels-a-day facility, while Citgo Petroleum is winding down its 157,000-barrels-a-day plant, Reuters reported.
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In the Tass interview, Al Falih said Saudi Arabia is currently pumping around 10.7 million barrels of oil a day, up about 850,000 barrels since June.
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Commercial U.S. stocks rose 1.6 million barrels in the past week C-STK-T-EIA, while output hit a record 10.43 million barrels per day (bpd).
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Saudi Arabia has said it will extend its voluntary restriction of 400,000 barrels to take the aggregate global production curb to 2.1 million barrels per day.
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Washington and Seoul officials have said the North imports some 4.5 million barrels of refined petroleum products and 603 million barrels of crude oil each year.
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Total U.S. crude and oil product stocks rose 2.62 million barrels to an all-time high of 2.08 billion barrels, as gasoline stocks posted a surprise build of 911,000 barrels, despite expectations that record numbers of Americans took to the road this summer amid cheap pump prices.
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Inventories of oil in OECD countries rose by 12.1 million barrels in September to 2.875 billion barrels, the IEA said, adding that for the third quarter as a whole, stocks rose 58.1 million barrels, or at a rate of 630,000 bpd, the biggest increase since 2015.
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Inventories of oil in OECD countries rose by 12.1 million barrels in September to 2.875 billion barrels, the IEA said, adding that for the third quarter as a whole, stocks rose 58.1 million barrels, or at a rate of 630,000 bpd, the biggest increase since 2015.
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U.S. crude stockpiles last week rose to their highest since September 2017, jumping by 9.9 million barrels to 470.6 barrels, as production set a record high of 12.3 million barrels per day (bpd), while refining activity rates fell, the Energy Information Administration (EIA) said on Wednesday.
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The world's fifth-largest crude importer shipped in 270.4 million barrels of crude oil in the July-September period, or 2.94 million barrels per day (bpd), compared with 260.3 million barrels in the same period in 2015, its energy ministry said on Tuesday in a statement.
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