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UpInArms

(55,539 posts)
7. The EIA reports on our inventory of fossil fuels
Wed Jun 10, 2026, 11:55 AM
12 hrs ago

Crude Oil Production Re-benchmarking Notice: Each month, when we publish the Short-Term Energy Outlook (STEO), we review weekly estimates of domestic crude oil production to spot any differences between recent survey-based production trends reported in the Petroleum Supply Monthly (PSM) and other current data. If we identify a significant discrepancy between these sources, we may re-benchmark the weekly production estimate during the STEO release week. For this week, the domestic crude oil production estimate includes a re-benchmarking adjustment that increased estimated volumes by 88,000 barrels per day, or about 0.64% of this week's estimated production total.

https://www.eia.gov/petroleum/supply/weekly/archive/2026/2026_06_03/pdf/wpsrall.pdf

This week’s report show that last week, we added 3.4 million barrels of gasoline, this week, we added .02 million barrels of gasoline

Last week, our inventory of crude oil dropped by 8 million barrels and dropped an additional 7.2 million this week

Last week, Distillate Inventories were up by 1.5 million barrels, this week, they were down by .2 million barrels





Recommendations

2 members have recommended this reply (displayed in chronological order):

Oil prices have always been rigged. They go up and down when opec leaders need new stuff. Srkdqltr 13 hrs ago #1
They've been rigged (subsidized) to keep prices low for the last 60 years about. eom Exp 6 hrs ago #36
The EIA reported this morning UpInArms 12 hrs ago #2
i have no idea what that means. dem4decades 12 hrs ago #3
The EIA reports on our inventory of fossil fuels UpInArms 12 hrs ago #7
If they have that much control and wanted to help Trump, why don't they lower price to where it was in February? onenote 12 hrs ago #4
It's a happy medium right? gab13by13 12 hrs ago #8
Let's see what happens as the November elections near Raven123 11 hrs ago #19
Another article Takket 12 hrs ago #5
Yes, and the people who set the prices are very much aware of that scenario. gab13by13 12 hrs ago #9
The oil companies fucking suck. Yet we're practically forced to buy their products. Initech 12 hrs ago #6
It's all going to hit a wall at some point this year SamuelTheThird 12 hrs ago #10
You should buy as much oil futures as you can then MichMan 7 hrs ago #35
I think you've missed some other influencing factors Fiendish Thingy 12 hrs ago #11
From my co-pilot search gab13by13 12 hrs ago #13
I think the markets pay more attention to actual production of oil Fiendish Thingy 12 hrs ago #14
I have been following the price of crude for 3 months, gab13by13 12 hrs ago #15
See post #17 Nt Fiendish Thingy 10 hrs ago #22
You Do Realize That ProfessorGAC 10 hrs ago #23
It goes back up when the deal fails to materialize or an attack happens. maxsolomon 9 hrs ago #28
That's Not What The OP Said ProfessorGAC 9 hrs ago #29
This. Track Brent Physical Delivery Melon 11 hrs ago #17
How can you say the price is in line with Brent futures when gab13by13 11 hrs ago #18
Reserves are just that: reserves. They can only put down pressure on prices for months ... marble falls 9 hrs ago #27
Exactly what I said. Current available oil is tracking with futures Melon 8 hrs ago #30
Exactly right. This is all about pricing, not availability. marble falls 8 hrs ago #31
The only way to end this is to remove Krasnov and get out. GoodRaisin 12 hrs ago #12
Shared frustration and crushed optimism relogic 10 hrs ago #24
Seriously: If the US wanted to clear the Straights and the Gulf, the Navy with all the aircraft carrier groups in ... marble falls 8 hrs ago #33
This isn't the entire story. Supply chains have changed. Melon 12 hrs ago #16
Nice post, gab13by13 11 hrs ago #20
I wouldn't be surprised if Drumpf wasn't bribing and/or threating the players to keep the price artificially low ToxMarz 11 hrs ago #21
It's traders and speculators fiddling with the Commodities Market by disaster investing. marble falls 10 hrs ago #25
They control the oil... kentuck 10 hrs ago #26
Did Trump admit to piracy today? LR3 8 hrs ago #32
Didn't TACO actually joke about being a pirate a few weeks ago? marble falls 8 hrs ago #34
He did some rigging in early 2020 when the pandemic started Jbraybarten 6 hrs ago #37
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