EIA Expectations: Crude 2.0M, Distillate -1.1M, Gasoline -1.9M

The EIA expectations indicate an increase in crude oil inventories by 2.0M barrels, contrasting sharply with the previous high of nearly 7M and the private forecast that suggested a significant spike.

Newsquawk StaffPublished 1 Apr 2026, 14:35 UTCOn the live feed at 14:15 UTC — 14 more headlines followed before this page went public

Newsquawk headlinesUTC

14:30

US EIA Gasoline Production Change (Mar/27) -0.152M (Prev. 0.309M)

14:20

Fed’s Musalem says he has lowered the probability of the baseline scenario and increased the likelihood of alternative scenarios; US economy was already overheated during the 2022 oil price shock and did not overheat now

14:15

EIA Expectations: Crude 2.0M, Distillate -1.1M, Gasoline -1.9M

14:14

Iranian Foreign Ministry spokesman says there is no truth to US President Trump's statements that Iran requested a ceasefire

14:12

Amazon’s (AMZN) cloud computing operation in Bahrain was damaged after an Iranian Strike, FT reports

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Crude: 2.0M, prev. 6.926M (Private +10.3M)
Distillate: -1.1M, prev. 3.032M (Private -10.4M)
Gasoline: -1.9M, prev. -2.593M (Private -3.2M)
Cushing: prev. 3.421M (Private +0.8M)
Refining: 0.5%, prev. 1.5%
Production: prev. 13.657M

Context

In addition, the declines in both distillate and gasoline inventories could signal changes in demand dynamics, particularly if refining activity is faltering. This mixed inventory data suggests potential volatility in crude prices as the market weighs the implications for supply and demand balance going forward.

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