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Crude Oil July 16, 2025 07:28:38 AM

Macquarie Forecasts Rise in U.S. Crude Inventories

Anil
Mathews
OilMonster Author
The refinery crude runs are expected to see a modest decline of 0.1 million barrels per day.
Macquarie Forecasts Rise in U.S. Crude Inventories

SEATTLE (Oil Monster): The Macquarie strategists predict that for the week ending July 11, 2025, U.S. oil inventories will increase by around 1.2 million barrels per week. This comes after 7.1 million barrels of crude oil were added the week before.

There will likely be a slight decrease of 0.1 million barrels per day in refinery crude runs. With a little decrease in net imports, exports and imports will increase by 0.7 and 0.4 million barrels per day, respectively.

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The indicated domestic supply is expected to decline by 0.7 million barrels per day on a nominal basis. The analysts predict 0.6 million barrels of jet build and 0.8 million barrels of fuel draw. It is probable that the distillate stocks will continue to decline slightly. For the week ending July 11, the demand for these three goods is probably going to stay at about 14.5 million barrels per day.

In its most recent weekly petroleum status report, the U.S. Energy Information & Administration (EIA) reported that, excluding those in the SPR, U.S. commercial crude oil stocks rose by 7.1 million barrels between the week ending June 27 and the week ending July 4. On July 4, the total amount of crude oil stocks, excluding SPR, was 426.0 million barrels. On July 4, crude oil in the SPR was valued at 403.0 million barrels.

According to the Macquarie team's most recent oil and gas assessment, U.S. crude stocks would increase by 2.7 million barrels for the week ending July 4.


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