U.S. Crude Oil Stockpiles Fall More Than Expected
U.S. commercial crude inventories fell for a third consecutive week as production and imports declined, according to EIA data.
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U.S. commercial crude inventories fell for a third consecutive week as production and imports declined, according to EIA data.
EIA data showed U.S. crude inventories fell by 3.1 million barrels, following an 8.6 million-barrel decline in the previous week.
Oil rose 2.8% to $97.77. U.S. stocks were mixed midway through trading, with the Dow up 0.93%, the Nasdaq down 0.24% and the S&P 500 up 0.16%.
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(Repeats POLL originally publsihed on October 14, no changes) Oct 14 (Reuters) — US crude oil stockpiles were expected to have fallen last week alongside product inventories, an extended Reuters poll showed on Wednesday. Nine analysts polled by Reuters estimated, on average, that crude inventories fell by about 300,000
EOG Resources reported record second-quarter 2026 financial performance, including adjusted EPS of $5.07 and free cash flow of $2.8 billion. The company returned $1.8 billion to shareholders and reported oil production growth of 5% and total production growth of 14%.
(Adds details from API data in paragraphs 6-8) Oct 14 (Reuters) — US crude oil stockpiles were expected to have fallen last week alongside product inventories, an extended Reuters poll showed on Wednesday. Nine analysts polled by Reuters estimated, on average, that crude inventories fell by about 300,000 barrels in the
(.) Oct 14 (Reuters) — US crude oil stockpiles were expected to have fallen last week alongside product inventories, an extended Reuters poll showed on Wednesday. Nine analysts polled by Reuters estimated, on average, that crude inventories fell by about 300,000 barrels in the week ended October 9. The poll was conduct
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Crude imports drop to 9.03 million bpd in September, sapping China's oil stockpile September oil inventory draw is biggest on record, Kpler and Vortexa data show Iranian supply loss may be hard to fully replace, analyst says (Rewrites with details) By Sam Li and Lewis Jackson BEIJING, Oct 14 (Reuters) — China's Septemb
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Oct 12 (Reuters) — US crude oil stockpiles were expected to have risen last week while product inventories are likely to have fallen, a preliminary Reuters poll showed on Monday. Three analysts polled by Reuters estimated, on average, that crude inventories rose by about 1.9 million barrels in the week ended October 9.
South Bow (TSX: SOBO ) released second-quarter financial results and hosted an earnings call on Thursday. Read the complete transcript below. This transcript is brought to you APIs. For real-time access to our entire catalog, please visit for a consultation. Access the full call at Summary South Bow reported strong fin
On Thursday, South Bow (NYSE: SOBO ) discussed second-quarter financial results during its earnings call. The full transcript is provided below. APIs provide real-time access to earnings call transcripts and financial data. Visit to learn more. View the webcast at Summary South Bow reported strong financial performance
Oil futures were volatile as concerns over renewed strikes on Iran and a hurricane threat to Gulf production helped drive early gains, while later trade reversed lower. The EIA also reported a 3.2 million-barrel draw in U.S. crude stocks.
U.S. benchmark crude edged lower after the EIA reported a 3.2 million-barrel withdrawal in commercial crude oil stocks last week. Gasoline inventories rose 382,000 barrels and distillate stocks fell 42,000 barrels.
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling over 100 points on Wednesday. The Dow traded down 0.92% to 51,045.57 while the NASDAQ declined 0.41% to 27,485.79. The S&P 500 also fell, dropping, 0.38% to 7,788.95. Leading and Lagging Sectors Health care shares jumped by 1.2% on Wedne
US gasoline futures rose above $3.30 per gallon, gaining for the second straight session, as a storm in the Gulf of Mexico threatened to disrupt refinery operations. Refineries in US Gulf states account for about half of US refining capacity, which stands at 18.2 million barrels per day. Meanwhile, continued attacks in
Global oil stockpiles have become "scarily thin," Saudi Aramco Chief Executive Officer Amin Nasser said Monday at the Energy Intelligence Forum in London. When the U.S.-Iran war began, the world held about 10 billion barrels of oil stocks, he said. That has fallen to less than 6 billion, and only about 10% of it is pra
U.S. stocks traded mixed toward the end of trading, with the Dow Jones index falling over 200 points on Wednesday. The Dow traded down 0.42% to 51,135.81 while the NASDAQ rose 0.86% to 27,028.35. The S&P 500 also rose, gaining, 0.32% to 7,695.23. Leading and Lagging Sectors Information technology shares jumped by 1.2%
In the week ended Sept 25, US crude inventories rose by 922,000 barrels to 427.3 million; gasoline stocks fell to 204.4 million and distillates to 105.2 million, EIA said.
Singapore 380-cst HSFO traded at a softer cash premium of $37 a metric ton into late October. Middle East supply arrivals in East Asia recovered to a seven-month high this month, according to LSEG ship-tracking data.
Brent was down 0.2% at $102.43 a barrel and headed for a monthly gain of around 13%, its biggest since July. Goldman Sachs estimated Gulf oil exports recovered to 23.3 million barrels per day over the last week.
Brent and WTI rose after Trump denied he was willing to ease sanctions on Iran, while Qatar said it hopes shuttle diplomacy can lead to a breakthrough. Brent was on track for a 14% monthly gain and oil shipments through Hormuz were the highest since February.
A Reuters poll of seven analysts estimated average crude inventories fell by about 264,000 barrels in the week ended September 25. Gasoline and distillate inventories were also expected to decline ahead of API and EIA releases.
Reuters poll of five analysts sees crude stocks down 1.1 million barrels and gasoline down 500,000 barrels in the week to Sept. 25.
NEW DELHI, Sept 24 (Reuters) — Asia's naphtha prices rose on Thursday, in line with crude oil benchmarks, as supplies from the Middle East remained scarce, traders said. The price for first-half November cargo rose by $11.50 to about $927 per metric ton. The crack for naphtha declined to about $131 per ton over Brent c
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 1% on Wednesday. The Dow traded down 0.52% to 51,588.15 while the NASDAQ dipped 1.10% to 26,943.90. The S&P 500 also fell, dropping, 0.66% to 7,713.83. Leading and Lagging Sectors Energy shares jumped by 0.9% on Wednesday. In t