US EIA Distillate Stocks Change (Mar/13) -2.527M vs exp. -1.5M (prev. -1.349M)
Newsquawk Staff ·
US EIA Distillate Stocks Change (Mar/13) -2.527M vs exp. -1.5M (prev. -1.349M)
What it means
The significant draw in US distillate stocks, more than double expectations, indicates tightening supply dynamics in the energy market, which could support higher prices for distillates including diesel. This larger-than-expected reduction may heighten concerns about supply constraints as we approach the peak demand season, potentially impacting inflation and related commodities.
- ADNOC reportedly informed some Asian refiners that it may begin delivering Upper Zakum crude via a new pipeline to the Fujairah terminal in early 2027, allowing shipments to bypass the disrupted Strait of Hormuz, according to Bloomberg
- EIA Expectations: Crude +0.35M, Distillate -0.63M, Gasoline -1M
- Russia and Azerbaijan are discussing natural gas swap supplies, reports Interfax
- Ukrainian President Zelensky says negotiations between Ukraine, Russia and the US could take place as early as November 10th
- Russian Deputy PM Novak says they are open to work with US partners on energy, but there are no current discussions around a return to specific projects
Related headlines
- US White House says the oil agreement with Venezuela will deliver a total of 65bln barrels2 hours ago
- Syria and Iraq discuss exporting Iraqi oil via the Baniyas pipeline2 hours ago
- UAE’s Sharjah temporarily closes all its beaches as a precautionary measure after an oil spill, according to a statement2 hours ago
- US EQUITY OPEN: Indices rangebound ahead of FOMC and major earnings37 min ago
- Al-Mayadeen correspondent in Iran says Iranian officials believe that Trump wants to bring the nuclear issue into the negotiations, which Iran rejects1 hour ago
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats1 hour ago
- Israeli election results show Netanyahu's bloc with 53 seats, Eisenkot's bloc with 47 and Arab parties with 19, following the counting of all votes excluding double-envelope ballots, i24 reports2 hours ago
- Atomic Energy Organization of Iran Spokesman says protocol for building small reactors with Russia is being finalized3 hours ago
- Ukrainian President Zelensky says Western powers could eventually discuss Russia's demands for security guarantees, but insists Ukraine's own security needs must be addressed first4 hours ago
- US and Israel have reportedly prepared plans to resume joint attacks on Iran after the US midterm elections to avoid potential economic and electoral consequences, Lebanese newspaper Nidaa al-Watan reports, citing a Western diplomatic source4 hours ago
- [MARKET ANALYSIS] Crude grinds higher, Dutch TTF remains just under EUR 100/MWh, metals subdued 5 hours ago
- [MARKET ANALYSIS] Contained, but a bearish skew, across fixed income into the UK Budget and FOMC5 hours ago
- Phillips 66 (PSX) Q3 2026 (USD): Adj. EPS 14.08 (exp. 11.73)3 hours ago
- Satellite imagery indicates significant damage to the main refining unit at Saudi Arabia's Ras Tanura (550k BPD) refinery following a strike by Yemeni armed forces, leaving the unit inoperable, Fars reports1 hour ago
- Qatar has not presented a new proposal to end hostilities between Iran and the US, Reuters reports, citing a senior Iranian official; Tehran's policy of showing no flexibility over the nuclear issue remains unchanged4 hours ago