EIA
Britishabbreviation
Example Sentences
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Commercial crude-oil stocks excluding the Strategic Petroleum Reserve rose by 5.5 million barrels to 461.6 million barrels in the week ended March 27 and were 0.1% above the five-year average for the time of year, the EIA said.
Gasoline inventories decreased by 586,000 barrels to 240.9 million barrels and were 4% above the five-year average, the EIA said.
The effective closure has led to a backup of vessels confined in the Persian Gulf that had already loaded crude oil, reducing the availability of global tanker capacity, the EIA says.
Gulf Coast, have also hit record highs “because of high demand for crude oil and fewer vessels available for shipment,” the EIA adds.
U.S. natural gas futures settled higher as the EIA reports a bigger-than-average withdrawal from storage for last week, which analysts see as possibly the last draw of the winter season.
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