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U.S. EIA Crude Oil Inventories

Sep 21,2022

1.142M

2.161M

2.442M

The Energy Information Administration (EIA) Crude Oil Inventories tracks the weekly change in the quantity of commercial crude oil owned by US companies. Inventory levels affect the price of petroleum products, which may have an effect on inflation.
If the rise in petroleum stocks is more than anticipated, it indicates a decline in demand, which is negative for crude prices. The same holds true if a drop in inventory is less than anticipated.

Release Date

Time

Actual

Forecast

Previous

Sep 21, 2022

10:30

1.142M

2.161M

2.442M

Sep 14, 2022

10:30

2.442M

0.833M

8.844M

Sep 08, 2022

10:30

8.844M

-0.250M

-3.326M

Aug 31, 2022

10:30

-3.326M

-1.483M

-3.282M

Aug 24, 2022

10:30

-3.282M

-0.933M

-7.056M

Aug 17, 2022

10:30

-7.056M

-0.275M

5.458M

Aug 10, 2022

10:30

5.458M

0.073M

4.467M

Aug 03, 2022

10:30

4.467M

-0.467M

-4.523M

Jul 27, 2022

10:30

-4.523M

-1.037M

-0.446M

Jul 20, 2022

10:30

-0.446M

1.357M

3.254M

Jul 13, 2022

10:30

3.254M

-0.154M

8.235M

Jul 07, 2022

10:30

8.235M

-1.043M

-2.762M

Jun 29, 2022

10:30

-2.762M

-0.569M

-0.386M

Jun 15, 2022

10:30

1.956M

-1.314M

2.025M

Jun 08, 2022

10:30

2.025M

-1.917M

-5.068M

Jun 02, 2022

10:30

-5.068M

-1.350M

-1.019M

May 25, 2022

10:30

-1.019M

-0.737M

-3.394M

May 18, 2022

10:30

-3.394M

-1.383M

8.487M

May 11, 2022

10:30

8.487M

-0.457M

1.302M

May 04, 2022

10:30

1.302M

-0.829M

0.692M

Apr 27, 2022

10:30

0.692M

2.000M

-8.020M

Apr 20, 2022

10:30

-8.020M

2.471M

9.382M

Apr 13, 2022

10:30

9.382M

0.863M

2.421M

Apr 06, 2022

10:30

2.421M

-2.056M

-3.449M

Sep 28, 2022 10:30

weekly

Not all crude oil is the same

Not all crude oil is the same

The physical characteristics of crude oil determine how refineries process it. In simple terms, crude oils are classified by density (API gravity) and sulfur content. Less dense (lighter) crude oils (with higher API gravity) generally have a larger share of light hydrocarbons. Refineries can produce high-value products such as gasoline, diesel fuel, and jet fuel from light crude oil with simple distillation. When refineries use simple distillation on denser (heavier) crude oils (with lower API gravity), they produce low-value products. Heavy crude oils require additional, more expensive processing to produce high-value products. Some crude oils also have a high sulfur content, which is an undesirable characteristic in both processing and product quality.

Source: U.S. Energy Information Administration (public domain)