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United States Crude Oil Stocks Change

Price

3.661 M BBL/1
Change +/-
+2.132 M BBL/1
Percentage Change
+82.15 %

The current value of the Crude Oil Stocks Change in United States is 3.661 M BBL/1. The Crude Oil Stocks Change in United States increased to 3.661 M BBL/1 on 6/1/2024, after it was 1.529 M BBL/1 on 5/1/2024. From 8/27/1982 to 6/21/2024, the average GDP in United States was 93,451.33 BBL/1. The all-time high was reached on 2/26/2021 with 21.56 M BBL/1, while the lowest value was recorded on 7/28/2023 with -17.05 M BBL/1.

Source: U.S. Energy Information Administration

Crude Oil Stocks Change

  • 3 years

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Crude Oil Inventory Change

Crude Oil Stocks Change History

DateValue
6/1/20243.661 M BBL/1
5/1/20241.529 M BBL/1
4/1/20245.28 M BBL/1
3/1/20242.581 M BBL/1
2/1/20246.313 M BBL/1
1/1/20241.286 M BBL/1
12/1/20232.909 M BBL/1
11/1/20236.943 M BBL/1
10/1/20234.105 M BBL/1
9/1/20234.245 M BBL/1
1
2
3
4
5
...
47

Similar Macro Indicators to Crude Oil Stocks Change

NameCurrentPreviousFrequency
🇺🇸
API Crude Oil Imports
954,000 BBL/1-1.15 M BBL/1frequency_weekly
🇺🇸
API Crude Oil Stock Change
-4.339 M BBL/11.96 M BBL/1frequency_weekly
🇺🇸
API Crude Oil Throughputs
91,000 BBL/1-12,000 BBL/1frequency_weekly
🇺🇸
API Distillate Stocks
-1.115 M BBL/12.3 M BBL/1frequency_weekly
🇺🇸
API Gasoline Inventories
-3.689 M BBL/13.31 M BBL/1frequency_weekly
🇺🇸
API Heating Oil
-465,000 BBL/1-405,000 BBL/1frequency_weekly
🇺🇸
API Product Imports
384,000 BBL/1-233,000 BBL/1frequency_weekly
🇺🇸
Crude Oil Imports
-57,000 Barrels552,000 Barrelsfrequency_weekly
🇺🇸
Cushing API Number
-26,000 BBL/1-1.4 M BBL/1frequency_weekly
🇺🇸
Cushing Crude Oil Inventories
-226,000 Barrels307,000 Barrelsfrequency_weekly
🇺🇸
Distillate Fuel Production
-158,000 Barrels-153,000 Barrelsfrequency_weekly
🇺🇸
Distillate inventories
-2.227 M Barrels125,000 Barrelsfrequency_weekly
🇺🇸
Gasoline Inventory Change
-1.538 M Barrels69,000 Barrelsfrequency_weekly
🇺🇸
Gasoline production
176,000 Barrels284,000 Barrelsfrequency_weekly
🇺🇸
Heating Oil Stocks
191,000 Barrels-352,000 Barrelsfrequency_weekly
🇺🇸
Natural Gas Inventory Change
21 B cubic feet18 B cubic feetfrequency_weekly
🇺🇸
Oil drilling rigs
479 485 frequency_weekly
🇺🇸
Refinery Crude Throughput
65,000 Barrels252,000 Barrelsfrequency_weekly
🇺🇸
Strategic Petroleum Reserve Crude Oil Inventories
367.811 M Barrels367.218 M Barrelsfrequency_weekly
🇺🇸
Total number of drilling rigs
587 588 frequency_weekly

Crude oil stocks denote the weekly variation in the supply status of crude oil.

What is Crude Oil Stocks Change?

Crude oil stocks change is a critical macroeconomic indicator that offers deep insights into the global economy and energy markets. As a leading provider of macroeconomic data, Eulerpool strives to meticulously analyze and present this crucial data category to our users, allowing them to make informed decisions based on comprehensive and accurate information. Crude oil stocks, also known as crude oil inventories, refer to the quantities of unrefined petroleum held in storage facilities by governments, corporations, and private entities. These inventories play a pivotal role in the global oil market as they can influence oil prices, supply stability, and economic strategies. The term "crude oil stocks change" denotes the fluctuation in these inventories over a specified period, typically reported on a weekly or monthly basis by various institutions, including the U.S. Energy Information Administration (EIA) and the International Energy Agency (IEA). Understanding the change in crude oil stocks is vital for multiple stakeholders, including policymakers, investors, energy companies, and economists. For policymakers, this indicator aids in formulating energy policies and strategies to ensure a stable supply of oil, which is a cornerstone of modern economies. The strategic petroleum reserve, managed by several countries, exemplifies how governments use stockpiles to buffer against market volatility and supply disruptions. Investors closely monitor crude oil stocks change as it directly impacts oil prices, which, in turn, influence stock markets, foreign exchange rates, and commodity prices. A significant increase in crude oil inventories typically signals an oversupply, leading to a potential drop in oil prices. Conversely, a significant decrease suggests tightening supply, potentially driving prices upwards. Thus, real-time and historical data on crude oil stocks change are indispensable for investors aiming to predict market trends and adjust their portfolios accordingly. For energy companies, maintaining optimal inventory levels is crucial for operational efficiency and cost management. These companies rely on crude oil stocks data to plan their drilling, refining, and distribution activities. Overestimating or underestimating the required inventories can lead to operational bottlenecks, increased costs, or lost revenue opportunities. By analyzing crude oil stocks change data, energy companies can optimize their supply chain and production processes. Economists study crude oil stocks change to gauge the health of the global economy. Since oil is a fundamental input for various industries, fluctuations in its supply can have far-reaching economic consequences. For instance, a persistent rise in crude oil stocks might indicate weaker demand, possibly reflecting a slowdown in industrial activity or economic growth. Conversely, a consistent drawdown from inventories might suggest robust economic activity and higher energy consumption. At Eulerpool, we meticulously compile and present data on crude oil stocks change to ensure our users have access to the most reliable and up-to-date information. Our platform aggregates data from trusted sources, enabling users to perform detailed analyses and derive meaningful insights. We understand that data quality and accuracy are paramount, which is why we employ rigorous validation processes and continuously update our databases. Furthermore, our user-friendly interface allows for seamless navigation and comparison of crude oil stocks change data across different time frames and geographical regions. This functionality is particularly beneficial for users looking to identify trends and correlations within the data. By providing customizable visualization tools, Eulerpool empowers users to create tailored reports and graphs that cater to their specific analytical needs. In addition to raw data, we offer expert commentary and analysis on crude oil stocks change. Our team of experienced analysts provides in-depth reports that contextualize the data within broader economic and market developments. Whether it's geopolitical events, technological advancements, or regulatory changes, we ensure our users are well-informed about the factors influencing crude oil inventories and prices. The importance of crude oil stocks change extends beyond the immediate stakeholders. It also affects related industries such as transportation, manufacturing, and agriculture, which rely heavily on oil and its derivatives. Changes in oil prices can influence production costs, consumer prices, and overall economic stability. Therefore, businesses across these sectors closely track crude oil stocks change to anticipate cost fluctuations and strategize accordingly. Environmental considerations also intersect with crude oil stocks data. The growing emphasis on sustainable energy and the transition to low-carbon economies adds another layer of complexity to the analysis of crude oil inventories. As countries adopt policies to reduce carbon emissions and invest in renewable energy sources, the dynamics of crude oil supply and demand are poised to undergo significant transformations. At Eulerpool, we recognize this evolving landscape and incorporate these factors into our analytical frameworks to provide a holistic understanding of the future trajectory of crude oil markets. In summary, crude oil stocks change is a multifaceted macroeconomic indicator that holds substantial significance for a wide array of stakeholders. From governments and investors to energy companies and economists, understanding the fluctuations in crude oil inventories is indispensable for informed decision-making. Eulerpool is committed to delivering high-quality, accurate, and comprehensive data on crude oil stocks change, supported by expert analysis and user-friendly tools. Our platform is designed to cater to the diverse needs of our users, ensuring they have the information and insights necessary to navigate the complex and dynamic world of crude oil and its impact on the global economy.