© Reuters. An oil pump in the US state of Texas – Photo from the Reuters archive.
–
by David Gavin
(Reuters) – The Energy Information Administration said Wednesday that crude oil and fuel inventories in the United States have increased over the past week, while refineries (TADAWUL 🙂 have increased processing to rebuild stocks of low products.
Crude oil inventories rose 1.1 million barrels in the week through September 16, to 430.8 million barrels, compared to analysts’ expectations in a Reuters poll for a 2.2 million barrel increase.
This is largely due to another withdrawal of US strategic stocks, which stood at 6.9 million barrels last week.
Refineries also increased their business, which increased flows by 333,000 barrels per day, and refinery operating rates increased 2.1% to 93.6% of total capacity.
Stocks of distillates, which include diesel and fuel oil, increased by 1.2 million barrels to 117.3 million barrels.
And U.S. gasoline inventories rose 1.6 million barrels in the week to 214.6 million barrels.
(Prepared by Marwa Gharib for the Arabic Bulletin – Edited by Ahmed Maher)
–
