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Thursday, 28 September 2017 15:00

EIA: US crude production on the rise

EIA: US crude production on the rise

US crude stockpiles declined last week for the first time since Hurricane and Tropical Storm Harvey wreaked havoc on US Gulf Coast midstream and downstream systems, Caspian Energy News ( reports with reference to OGJ.

US crude production gained 37,000 b/d last week to 9.547 million b/d.

Commercial crude inventories, excluding those in the Strategic Petroleum Reserve, fell 1.8 million bbl during the week ended Sept. 22 compared with the previous week’s total, the US Energy Information Administration said in its Weekly Petroleum Status Report.

At 471 million bbl, US crude inventories are in the upper half of the average range for this time of year. Stocks had risen by 15.1 million bbl during the previous 3 weeks.

In separate data, the American Petroleum Institute reported that US crude stockpiles dropped 761,000 bbl, while gasoline inventories gained 1.5 million bbl and distillate fell 4.5 million bbl.

US crude imports averaged 7.4 million b/d, up 59,000 b/d from the previous week. Over the last 4 weeks, crude imports averaged 7.1 million b/d, down 9.3% from the same 4-week period last year.

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Person in charge of the newsline: Fidan Isayeva

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