2023-07-27 09:25:12
The US Energy Information Administration (EIA) announced that commercial crude oil stocks in the country decreased by about 600 thousand barrels last week to 456 million 800 thousand barrels. The market expectation was that inventories would increase by 1 million 319 thousand barrels.
Strategic crude oil stocks, which are not included in commercial crude oil stocks, remained unchanged at 346 million 800 thousand barrels.
On the other hand, the gasoline stocks of the USA decreased by 800 thousand barrels in the said period and decreased to 217 million 600 thousand barrels.
Oil production fell
The crude oil imports of the USA became 6 million 367 thousand barrels with a decrease of 807 thousand barrels per day compared to the previous week. Crude oil exports, on the other hand, increased by an average of 777 thousand barrels per day and rose to 4 million 591 thousand barrels.
The country’s daily crude oil production was recorded as 12 million 607 thousand barrels, with a decrease of 99 thousand barrels in the week of July 15-21.
According to the “July 2023 Short Term Energy Outlook Report” of the EIA, the average daily crude oil production of the USA is expected to be 12 million 560 thousand barrels this year and 12 million 850 thousand barrels next year.
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