U.S. Crude Oil and Product Stockpiles
According to an extended Reuters poll conducted on Tuesday, U.S. crude oil and product stockpiles are expected to have decreased last week.
Ten analysts surveyed by Reuters estimated an average decline in crude inventories of approximately 1.4 million barrels for the week ending September 20.
This poll came ahead of reports from the American Petroleum Institute (API) at 4:30 p.m. EDT (2030 GMT) on Tuesday and from the Energy Information Administration (EIA) at 10:30 a.m. EDT (1430 GMT) on Wednesday.
The EIA reported that crude inventories had fallen by 1.6 million barrels to 417.5 million barrels in the week ending September 13, surpassing analysts’ expectations of a 500,000-barrel decrease in the prior Reuters poll.
| Organization | Crude | Distillate | Gasoline | Refinery Runs |
|---|---|---|---|---|
| Again Capital | -1.8 | -1.0 | 1.4 | — |
| Commodity Research Group | -1.0 | -0.5 | 1.0 | -1.0 |
| Confluence | -1.5 | 2.0 | 1.0 | -0.8 |
| Excel Futures | -0.8 | -1.2 | -1.4 | -1.5 |
| LSEG | -1.6 | -1.0 | 0.3 | -0.7 |
| Macquarie Group | -8.4 | -2.5 | -1.8 | -0.2 |
| Price Futures Group | -2.0 | -2.0 | -2.0 | 0.0 |
| Ritterbusch Associates | 1.5 | -2.0 | -0.5 | 0.3 |
| Rystad Energy | -1.4 | -3.8 | 0.2 | -1.0 |
| Stratas Advisors | -0.7 | -1.4 | 1.1 | -1.5 |
Summary
- Analysts predict crude oil inventories decreased by 1.4 million barrels. Gasoline stocks are anticipated to have edged down while distillate inventories faced a significant drop of 1.6 million barrels.
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