Cushing Oil Storage Report

Crude oil stocks at cushing oklahoma rose by 1 785 million barrels in the week ended september 25th 2020 following a 0 004 million increase in the previous period according to the eia petroleum status report.

Cushing oil storage report.

With the publication of the estimates for week ending april 10 2020 propane propylene inventories no longer include propylene inventories held at terminals. Domestic crude oil production includes lease condensate and is estimated using a combination of short term forecasts for the lower 48 states and the latest available production estimates from alaska. Cushing ok crude oil stocks is at a current level of 54 28m down from 54 35m last week and up from 39 33m one year ago. 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.

Using sophisticated aerial cameras and photogrammetric techniques we make measurements of the fluid levels in oil tanks at cushing ok we capture on fridays mornings and delivery you the data at 9 00 am et on monday weather permitting. Traders say that is bunk because whatever is left is spoken for by firms sending oil to the hub right now. Government data shows that storage at the key crude oil hub in cushing oklahoma was just 70 full as of mid april. Government data shows that storage at the key crude oil hub in cushing oklahoma was just 70 full as of mid april.

These volumes have been removed from the data back to the january 2 2015. Cushing crude oil stocks in the united states averaged 51 68 thousand barrels from 2004 until 2020 reaching an all time high of 6417 thousand barrels in april of 2020 and a record. The cushing storage hub was reported to be 77 full as of april 17 according to analysts at goldman sachs with the last two week builds pointing to a stock out by the first week of may. This is a change of 0 14 from last week and 38 01 from one year ago.

Beginning with data for january 2005 total crude oil and petroleum products stocks do not include lease stocks. Storage levels at cushing are important because it serves as the delivery point for the. This is 2 days faster than the eia. Beginning with data for the week ending june 1 2018 weekly crude.

Na not available. W withheld to avoid disclosure of individual company data.