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  • EIA: US crude inventories up by 1.4 million barrels
    Commercial crude oil inventories in the United States, not counting those in the Strategic Petroleum Reserve (SPR), saw a weekly rise of 1.4 million barrels to 448.5 million barrels in the seven days ending March 1, the Energy Information Administration (EIA) said in its report published on...
  • EIA: US crude inventories up by 4.2 million barrels
    Commercial crude oil inventories in the United States, not counting those in the Strategic Petroleum Reserve (SPR), saw a weekly rise of 4.2 million barrels to 447.2 million barrels in the seven days ending February 23, the Energy Information Administration (EIA) said in its report published on...
  • Granholm: US seeking to refill SPR
    United States Energy Secretary Jennifer Granholm remarked on Wednesday that the country aims to refill its Strategic Petroleum Reserve (SPR) and bring them to the level it was at before the conflict in Ukraine began. Speaking at the Columbia University Energy Summit, Granholm added that the...
  • EIA: US oil inventories up by 1.1 million barrels
    Commercial crude oil inventories in the United States, which are not taking into account those in the Strategic Petroleum Reserve (SPR), went up by 1.1 million barrels to 481.2 million barrels in the week ending March 17, the US Energy Information Administration (EIA) stated in its report issued on...
  • Energy stocks plummet as oil falls more than 7.5%
    Energy stocks in major US markets sank on Wednesday amid the plummeting of oil prices, with WTI reaching its lowest since 2021, falling more than 7.5%. The sector has received a series of blows linked to a likely decline in demand following the release of the latest economic data from China and...
  • US oil inventories reportedly up by 6.2M barrels
    Crude oil inventories in the United States increased by 6.02 million barrels in the week ending February 24, private data from the American Petroleum Institute (API) reportedly showed on Tuesday. Reserves in Cushing, Oklahoma, were said to have gone up by 483,000 barrels. The stockpiles of...
  • US oil inventories reportedly up by 9.89M barrels
    Crude oil inventories in the United States increased by 9.895 million barrels in the week ending February 17, significantly above expectations, private data from the American Petroleum Institute (API) reportedly showed on Wednesday. Reserves in Cushing, Oklahoma, were said to have gone up by...
  • Oil extends losses, WTI goes down by 3%
    The prices of oil futures continued to garner losses on Wednesday ahead of the release of the minutes from the Federal Market Open Committee (FOMC), expected to indicate the Federal Reserve's next steps regarding interest rates. Also, later in the day, the American Petroleum Institute (API)...
  • EIA: US crude inventories down by 4.5M barrels
    Commercial crude oil inventories in the United States, not counting those in the Strategic Petroleum Reserve (SPR), went down by 4.5 million barrels in the week ending July 22, the Energy Information Administration (EIA) revealed in its report published on Wednesday. Crude oil refinery inputs...
  • US SPR at 497.9M barrels, lowest since 1986
    The United States' Strategic Petroleum Reserve (SPR) has fallen to 497.9 million barrels in the monthly period ending June 24, its lowest level since April 1986, the Department of Energy's (DoE) data showed on Monday. The reserves of sweet crude landed at 234.3 million barrels, while those of sour...
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