Eia Cushing Storage Report
The weekly petroleum status report will be released on thursday september 10 2020 at 11 00 a m.
Eia cushing storage report. Storage hub declined by 3. Stocks held at natural gas processing plants are included in other oils and in totals. Pipeline line fill stocks are estimated as the difference between total crude oil stocks and tank farm stocks. Skip to sub navigation u s.
Energy information administration eia independent statistics and analysis. W withheld to avoid disclosure of individual company data. After increasing for 15 consecutive weeks crude oil storage at cushing oklahoma reached 54 4 million barrels on march 13 according to eia s weekly petroleum status report. Stocks include those domestic and customs cleared foreign stocks held at or in transit to refineries and bulk terminals and stocks in pipelines.
Working storage capacity at cushing stands at around 76. Cushing oil storage measurements two days before eia estimates we directly monitor every tank at the cushing storage hub to provide accurate storage data as the delivery point for the nymex light sweet crude wti contract cushing is the focal point of the most actively traded crude oil contract in the world. Eastern time due to the closure of the federal government on monday september 7. Overall oil storage isn t filling up.
The american petroleum institute on tuesday reported a climb of 7 6 million barrels according to sources. Crude oil storage at cushing but not storage capacity utilization rate at record level. This volume is the highest on record but not the highest percent of storage utilization as working storage capacity at cushing has also increased over time. In its separate weekly supply demand report for oil released earlier on wednesday the agency said cushing stockpiles rose by around 5 million barrels last week to reach almost 60 million barrels.
Storage hub declined by 3 million barrels last week to 62 4 million barrels. For statistical purposes eia defines the cushing crude oil storage area as including creek lincoln and payne counties of oklahoma. Na not available. The eia data showed crude stocks at the cushing storage hub fell by about 5 5 million barrels for the week easing concerns over tightening storage space.
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