U.S. Crude Oil Inventories Drop!
In the week ending Sept. 13, crude oil stockpiles fell by 1.6 million barrels as production and imports dipped. Learn more about how these changes impact the energy market and what to expect moving forward.
Check out our quick one-minute update for all the key details!
Read the full article here: https://supplychainreport.org/r2qu
Visit https://supplychainreport.org for more insights.
Explore https://ADAMftd.com for free tools on international trade!
#EnergyNews #OilMarket #CrudeOil #oilproduction #gasolinedemand #supplychain #TheSupplyChainReport #tradetools
In the week ending Sept. 13, crude oil stockpiles fell by 1.6 million barrels as production and imports dipped. Learn more about how these changes impact the energy market and what to expect moving forward.
Check out our quick one-minute update for all the key details!
Read the full article here: https://supplychainreport.org/r2qu
Visit https://supplychainreport.org for more insights.
Explore https://ADAMftd.com for free tools on international trade!
#EnergyNews #OilMarket #CrudeOil #oilproduction #gasolinedemand #supplychain #TheSupplyChainReport #tradetools
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NewsTranscript
00:00Commercial crude oil inventories have fallen by 1.6 million barrels in the week ending September 13th.
00:07Current stockpiles stand at 417.5 million barrels, which is about 4% below the 5-year average.
00:15Crude oil storage at Cushing, Oklahoma saw a drop of 2 million barrels, a key location for oil delivery.
00:22At the same time, oil production decreased by 100,000 barrels per day,
00:27with some Gulf of Mexico operations affected by Hurricane Francine.
00:31Imports fell by 545,000 barrels per day, while exports surged by 1.3 million barrels per day,
00:39signaling a shift in the oil market dynamics.
00:42Gasoline inventories saw a slight increase of 69,000 barrels, with demand rising to 8.8 million barrels per day.
00:51Meanwhile, distillate fuel stocks remain below the 5-year average, despite a small rise.
00:57As we keep an eye on these shifting trends, oil markets remain sensitive to both production changes and global events.
01:04Stay tuned for more energy updates and analysis on trends.
01:08Visit thesupplychainreport.org for the latest in energy and oil market news,
01:13and check out adamftd.com for free tools related to international trade.