EIA Expectations: Crude -2.8M, Distillate -2.0M, Gasoline -1.7M

The EIA's inventory figures show a notable decrease in crude oil stocks, which is less than the previous reduction, indicating a tightening supply scenario but below private expectations.

Newsquawk StaffPublished 6 May 2026, 14:35 UTCOn the live feed at 14:15 UTC — 15 more headlines followed before this page went public

Newsquawk headlinesUTC

14:28

No agreement has been formed between the US and Iran, Nournews reports citing sources. Narratives are part of a "media creation".

14:24

Iran's Foreign Ministry Spokesman says "The concept of “negotiations” requires, at the very least, a genuine attempt to engage in discussions with a view to resolving the dispute"

14:15

EIA Expectations: Crude -2.8M, Distillate -2.0M, Gasoline -1.7M

14:07

Newsquawk European Market Wrap - 6th May 2026

14:05

US Supreme Court is not pausing the order which held Apple (AAPL) in contempt over App Store fees, in a dispute with Epic Games

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Crude: -2.8M, prev. -6.233M (Private -1.8M)
Distillate: -2.0M, prev. -4.494M (Private -2.6M)
Gasoline: -1.7M, prev. -6.075M (Private -8.5M)
Cushing: prev. -0.796M (Private -0.8M)
Production: prev. 13.586M

Context

This could provide upward pressure on crude prices as markets adjust their supply forecasts. The drops in distillate and gasoline inventories further reinforce the narrative of increased demand or constrained supply within the energy sector, which may have broader inflation implications.

Energy · last 90 days

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ENERGY/25 Aug · 19:26 UTC

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