baisse inattendue des stocks de pétrole de 3,4 millions de barils

baisse inattendue des stocks de pétrole de 3,4 millions de barils



Commercial crude oil reserves in the United States fell sharply last week, according to figures released on Wednesday by the US Energy Information Agency (EIA), as the market expected a rise. During the week ended May 13, crude inventories fell by 3.4 million net barrels, while analysts expected an increase of 2.0 million, to settle at 420.8 million.

The drop is all the more notable since, at the same time, strategic reserves also contracted, by 5 million barrels. Siphoned off on instructions from the Biden government to relieve crude prices, US strategic reserves are at their lowest level in 21 years.

After rising slightly, oil prices fell sharply after the report was released. “The market was expecting a slight increase and we had a decrease, so it was likely to push prices up.“Reacted Andrew Lebow, partner at Commodity Research Group. “But the stock market is getting washed out, so that probably played a role.» «Demand figures (US for petroleum products) were quite good, but the market is increasingly worried about global growthand a possible slowdown, according to the analyst, which explains why prices went into the red.

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Around 3:30 p.m., the price of a barrel of Brent from the North Sea for delivery in July fell 1.85% to 109.85 dollars, while the American WTI with maturity in June lost 1.84% to 110.33 dollars. The melting of inventories comes even as US oil production increased during the period, from 11.8 to 11.9 million barrels per day. “Despite the use of 5 million barrels of strategic reserves and an increase in production, the increase in refining activity and exports led to a drop in inventories“Commercial, reacted Matt Smith, Kpler analyst. The refining capacity utilization rate thus rose from 90.0% to 91.8% from one week to the next.

Another sign of tension in the United States, the sharp decline in gasoline reserves (-4.8 million barrels), well above expectations (-1.4), partly linked to an acceleration in demand (+2 .2% compared to the average of the previous four weeks). This is the first time in fourteen weeks that gasoline demand has exceeded 9 million barrels per day, said Matt Smith. The demand for kerosene also emerged up, by 6.5% compared to the average of the previous four weeks.

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