3/16/2022, 3:30 PM (Source: TeleTrader)
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EIA: US crude inventories up by 4.3M barrels

Crude oil stockpiles in the United States increased by 4.3 million to 415.9 million barrels in the week ending March 11, the US Energy Information Administration said in its weekly report on Wednesday. Total commercial petroleum inventories were down by 3.6 million barrels.

Crude oil refinery inputs averaged 15.6 million barrels per day during the same week, 224,000 barrels per day more than the previous week’s average. Gasoline production declined last week, averaging 9.4 million barrels per day, while refineries operated at 90.4% of their operable capacity in the same period.

Meanwhile, crude oil imports averaged 6.4 million barrels per day last week, up by 76,000 barrels compared to the previous week.

Baha Breaking News (BBN) / NP