echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > Petrochemical News > U.S. crude oil and gasoline inventories are expected to decline last week

    U.S. crude oil and gasoline inventories are expected to decline last week

    • Last Update: 2021-08-09
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    According to news on July 12, a preliminary survey released on Monday showed that US crude oil inventories are expected to decline for the eighth consecutive week last week, and gasoline inventories may also decline
    .


    The average estimate of the five analysts interviewed is that as of the week of July 9, US crude oil inventories are expected to fall by about 4.
    3 million barrels
    .


    Prior to the week ending July 2, US crude oil inventories fell by 6.
    9 million barrels to 445.
    5 million barrels, the lowest level since February 2020, and far exceeded the 4 million barrel decline estimated by analysts
    .


    The American Petroleum Institute (API) will announce its weekly oil inventory report at 4:30 Beijing time on Wednesday, and the US Energy Information Administration (EIA) will announce its inventory report at 22:30 Beijing time on Wednesday
    .


    Analysts predict that US gasoline inventories are expected to fall by about 1.
    7 million barrels last week
    .


    Distillate stocks, including diesel and heating oil, increased by about 1.
    3 million barrels last week
    .


      Last week's capacity utilization rate is expected to rise slightly by 0.
    4%, from 92.
    2% in the week ended July 2
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.