US commercial crude oil inventories decreased 1% during the week ending April 14, according to data released by the Energy Information Administration (EIA) late Wednesday.
Inventories fell by around 4.6 million barrels to 466 million barrels, against the American Petroleum Institute's expectation of a draw of 2.5 million barrels.
Strategic petroleum reserves, which are excluded from commercial crude stocks, also fell by about 1.6 million barrels to 368 million barrels last week, the data revealed.
Gasoline inventories increased by around 1.3 million barrels to 223.5 million barrels over the same period.
- Crude production decreases
EIA data showed that US crude oil imports increased by 101,000 barrels per day (bpd) to around 6.29 million bpd during the week ending April 14, while crude oil exports rose by 1.84 million bpd to about 4.57 million bpd.
US crude oil production, meanwhile, fell by 16,000 bpd to around 12.72 million bpd over the same period.
In the April Short-Term Energy Outlook (STEO), the EIA forecasted that crude oil output in the US would average 12.54 million bpd in 2023, up from 11.90 million bpd in 2022.
Crude oil output in the country in 2024 is forecast to reach 12.75 million bpd.
By Ebru Sengul Cevrioglu
Anadolu Agency
energy@aa.com.tr