US oil stocks at their lowest since 2015

The weekly report from the US Department of Energy confirmed the current tightness in the oil market. US Crude oil inventories fell by 4.8mb last week and gasoline and distillate inventories also fell, so that overall crude oil and product inventories are at their lowest level since 2015. Demand also appeared very strong. More details in yesterday’s News.

Energyscan oil news

Oil prices rebounded to over $90/b for Brent and above $90/b for WTI, but are struggling to hold on to their gains as talk of a possible Iran nuclear deal continues. OPEC’s monthly report will be released today and we will have the stocks in Europe this time

Share this news :

You might also read :

October 6, 2021

Prices jumped to new highs

European gas prices increased again strongly yesterday, supported by ongoing concerns on supply scarcity, to which has been added the downward revision of temperatures forecasts…
March 30, 2022

Extreme price volatility

In less than 2 hours yesterday, the price of Brent 1st-nearby first approached $115/b before plunging towards $104/b. It has since recovered to around $113/b.  Fears of…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Don’t have an account yet?