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According to the latest US EIA weekly petroleum status report, US commercial crude inventories increased by 1.6 million bbls last week. This rise maintains a total US commercial crude inventory of 385.4 million bbls, which remains above the upper limit of the fiver year average for this time of year.
Gasoline inventories decreased last week by 3.8 million bbls but are still in the upper half of the five year range. Motor gasoline supplied averaged over 9.1 million bpd over the past week, up 200 000 bpd from the previous weekly average and up 5.4% year on year. Distillate inventories fell last week by 4.9 million bbls to the lower end of the five year range. Distillate product supplied averaged over 3.9 million bpd over the last four weeks. Distillate production reached over 4.9 million bpd last week, flat with the previous week.
Prices, imports and refineries
Adapted from press release by Claira Lloyd
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Today in energy from the US: EIA looks at how river disruptions and strikes have lowered US petroleum product exports to Northwest Europe.
Oil market recap: Week ending 3rd November
PIRA Energy Group’s weekly oil market recap for the week ending 3rd November 2013.
US natural gas supplies and price
The US Energy Information Administration has released its latest US natural gas stocks report.
Palladian Publications publishes five international B2B magazines targeted specifically
at the global energy sector. Each title provides its subscribers with a unique industry
insight via a combination of news, reviews, comments, analysis, regional reports,
case studies, technical articles and more. Magazines include Oilfield Technology,
World Coal, Hydrocarbon Engineering, World Pipelines and LNG Industry.
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