US EIA Distillate Stocks Change (Apr/03) -3.144M vs. Exp. -1.5M (Prev. -2.111M)

The latest EIA report shows a significant drop in US distillate stocks by 3.144 million barrels, exceeding expectations of a 1.5 million decrease.

Newsquawk StaffPublished 8 Apr 2026, 14:50 UTCOn the live feed at 14:30 UTC — 5 more headlines followed before this page went public

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14:34

Oil tankers passing through the Strait of Hormuz have been stopped by the IRGC after Israel's ceasefire breach, Fars News Agency reports

14:31

[MARKET UPDATE] Crude continues to lift off lows on further reporting that Iran would consider withdrawing from the ceasefire if attacks against Lebanon do not stop

14:30

US EIA Distillate Stocks Change (Apr/03) -3.144M vs. Exp. -1.5M (Prev. -2.111M)

14:29

US Consulate in Brazil says bilateral ties are in a "much better place" vs recent months, Valor reports

14:29

EU official says Oil Coordination Group sees no serious risk at the moment to oil situation

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Context

This larger-than-anticipated draw suggests stronger demand dynamics, which could signal upward pressure on prices amid tightening supply conditions. Keep an eye on how this impacts broader energy market sentiment and inflation expectations.

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.

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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.

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ENERGY/1 Sept · 16:17 UTC

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

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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

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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

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ENERGY/8 Sept · 19:59 UTC

IRGC says in light of the evils of the US army in targeting several oil tankers of Iran, we warn all oil tanker crews in the Kuwaiti and Bahraini ports, they will be targeted, Tasnim reports.

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