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UpInArms

(55,546 posts)
7. The EIA reports on our inventory of fossil fuels
Wed Jun 10, 2026, 11:55 AM
Yesterday

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