The USA Energy Information Administration (EIA) announced that commercial crude oil stocks in the country increased by 4 million 300 thousand barrels (1 percent) last week to approximately 430 million 800 thousand barrels. The market expectation was that inventories would increase by 1 million 650 thousand barrels.
Strategic crude oil stocks, which are not included in commercial crude oil stocks, decreased by 1 million 100 thousand barrels (0.2 percent) to 614 million 200 thousand barrels. In the said period, US gasoline stocks decreased by 2 million barrels (0.9 percent) to 215 million. It decreased to 700 thousand barrels.
Oil production increased
The USA's crude oil imports increased by 430 thousand barrels per day on average last week compared to the previous week and reached 6 million 254 thousand barrels, while exports decreased by 273 thousand barrels per day to 2 million 787 thousand barrels. The daily crude oil production of the country was on the week of 16-22 October. According to the EIA's October 2021 Short Term Energy Outlook Report, the average daily crude oil production of the USA is 11 million barrels this year and 11 million 700 thousand barrels next year. expected to be.
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