12/6/2023, 4:30 PM (Source: TeleTrader)
more TeleTrader news

EIA: US crude inventories down by 4.6 million barrels

Commercial crude oil inventories in the United States, not considering those in the Strategic Petroleum Reserve (SPR), decreased by 4.6 million barrels to 445 million barrels in the week ending December 1st, the Energy Information Administration (EIA) stated in its report published on Wednesday.

Oil refinery inputs averaged 16.2 million barrels per day (bpd) during the week ending December 1st, rising by 179,000 bpd compared to the previous week's average. Refineries operated at 90.5% of their operable capacity. Meanwhile, gasoline production increased and averaged 9.5 million bpd.

Crude oil imports increased by 1.7 million bpd week-on-week to average 7.5 million bpd. Total commercial petroleum inventories decreased by 1.7 million barrels last week.

Baha Breaking News (BBN) / RR