Saturday, January 11, 2025
U.S. crude oil inventories increase by 0.5 million barrels- oil and gas 360

U.S. crude oil inventories increase by 9.4 million barrels

Weekly Crude Oil Storage as of April 8, 2022   U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 9.4 million barrels from the previous week.  At 421.8 million barrels, U.S. crude oil inventories are about 13% below the five year average for this time of year, according to the EIA crude oil and petroleum

U.S. crude output will rise at slower-than-expected pace, EIA says- oil and gas 360

U.S. crude output will rise at slower-than-expected pace, EIA says

World Oil (Bloomberg) — U.S. crude output will grow at a more diminished pace than previously expected as shale producers grapple with higher production and labor costs amid rampant inflation. Production in 2022 is now expected to average 12.01 million barrels a day compared to the previous forecast of 12.03 million barrels a day, according to the Energy Information Administration.