EIA Expectations: Crude -2.1M, Gasoline -2.85M, Distillate -2.83M

The latest EIA inventory report shows significant draws across crude, gasoline, and distillate stocks, suggesting stronger-than-expected demand for energy products.

Newsquawk StaffPublished 13 May 2026, 14:35 UTCOn the live feed at 14:15 UTC — 15 more headlines followed before this page went public

Newsquawk headlinesUTC

14:30

US EIA Crude Oil Stocks Change (May/08) -4.306M vs. Exp. -2.1M (Prev. -2.314M)

14:24

JBS (JBS) Executive says with Brazil reaching its quota for beef exports to China, cattle prices may decrease and favour sales in the domestic market

14:15

EIA Expectations: Crude -2.1M, Gasoline -2.85M, Distillate -2.83M

14:09

More activist investors, including Irenic Capital, have taken stakes in HP (HPE), Semafor reports citing sources; Irenic have discussed its holdings and frustration with execs

14:01

US Pentagon to award two-year procurement contract to Castelion for a minimum of 500 Blackbeard missiles annually, upon testing and validation, a statement says

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free

Free. No signup, no card.

Crude: -2.1M, prev. -2.314M (Private -2.2M)
Distillate: -2.83M, prev. -1.294M (Private -0.3M)
Gasoline: -2.85M, prev. -2.504M (Private +0.5M)
Cushing: prev. -0.648M (Private -1.8M)
Production: prev. 13.573M

Context

The larger-than-anticipated declines may shift sentiment positively, impacting crude prices upward, as the market absorbs these supply-side adjustments against production rates.

Energy · last 90 days

Recent headlines that moved markets

ENERGY/8 Sept · 05:23 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

Brent Nov'26, after we published+1.0%

Steady upside of around 1% was seen across the crude complex following this update.

ENERGY/3 Sept · 08:03 UTC

Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement.

with Brent Nov, after we published−1.3%

ENERGY/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

- Brent (V6), after we published+1.2%

ENERGY/27 Aug · 17:46 UTC

The Trump administration has repeatedly told mediators it has no interest in going back to the terms of the MoU it reached with Iran in June, reports WSJ citing sources

Brent crude, after we published+1.4%

ENERGY/25 Aug · 19:26 UTC

A ceasefire between the US and Iran has been agreed upon, it includes free navigation in the Strait of Hormuz and will be announced in the coming days, reports Ria citing Pakistani and Iranian sources

Brent crude, after we published−2.4%

ENERGY/7 Sept · 10:54 UTC

Saudi Aramco Jizan oil facilities were reportedly hit in new strikes, the FT reports citing sources; hit on Monday, damage is being assessed.

Brent Nov'26, after we published+0.5%

Newsquawk Daily

Get both market opens in your inbox.

This note and the other one — the EU open and the US open, every business day, written by the desk. No account needed.

Related headlines

The whole workspace, free to try.

© 2026 Newsquawk. All rights reserved.