General Discussion
In reply to the discussion: I Told You The Price Of Crude Is Being Rigged [View all]UpInArms
(55,539 posts)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 weeks 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