U.S. crude oil stockpiles soared unexpectedly last week as imports climbed and p...
NEW YORK - U.S. crude oil stockpiles soared unexpectedly last week as imports climbed and production edged higher to a new record, the Energy Information Administration said on Wednesday.
Crude inventories rose by 7.2 million barrels in the week to March 29, compared with analysts’ expectations for a decrease of 425,000 barrels. Net U.S. crude imports rose last week by 386,000 bpd while exports dropped by 163,000 bpd to 2.7 million bpd. Last week, restrictions were in place at the busiest U.S. energy port, affecting nearby refineries and slowing efforts to end a shipping bottleneck after a massive petrochemical fire and spill near Houston halted vessel traffic for several days.
Gasoline stocks fell 1.8 million barrels, compared with analysts’ expectations in a Reuters poll for a 1.5 million-barrel drop.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lyft Inc. Cl ALyft Inc. Cl A stock price, stock quotes and financial overviews from MarketWatch.
Read more »
Morgan StanleyMorgan Stanley stock price, stock quotes and financial overviews from MarketWatch.
Read more »
LULU Stock | LULULEMON ATHLETICA Stock Price Today | Markets Insider
Read more »
Alberta crude inventories rise despite production curtailmentsThe amount of oil in storage in Alberta rose in February, monthly data shows, de...
Read more »
OPEC Cuts Propel Oil to Best First Quarter Since 2002U.S. crude prices rose 32% in the first three months of the year, bouncing back from a late 2018 slump, as producers curbed their output.
Read more »
Saudi Arabia may keep May crude prices little changedTop oil exporter Saudi Arabia is expected to keep prices of various grades of cr...
Read more »
Oil dips, then recovers, after unexpected rise in crude inventoriesOil futures were little changed after briefly extending losses Wednesday after government data showed an unexpected rise in U.S. crude inventories. Nymex...
Read more »
China's Sinopec dials back oil-purchase strategy after record fourth-quarter loss: sourcesChina's Sinopec Corp has ended a five-year crude oil purchasing strategy to...
Read more »
Argentina's Economic Stress Won't Derail Its Shale Exploration DriveExploration and production companies shifting focus to Vaca Muerta play on hopes of 'crude' returns.
Read more »
Trafigura ships more Asian gasoline to Americas on new tankerCommodity trader Trafigura is shipping this month a second newly built crude tan...
Read more »