Stocks of crude oil in the United States increased by 1.75million barrels in the week ending March 14 of 2025. This dataset provides the latest reported value for - United States Crude Oil Stocks Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The US crude oil inventory forecast provides valuable information to market participants, including oil traders, investors, policymakers, and analysts. These forecasts help stakeholders anticipate potential changes in oil supply and demand and make informed decisions based on market trends.

API Crude Oil Stock Change in the United States increased to -3.30 BBL/1Million in May 30 from -4.24 BBL/1Million in the previous week. This dataset provides - United States API Crude Oil Stock Change- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Crude Oil rose to 64.67 USD/Bbl on June 9, 2025, up 0.13% from the previous day. Over the past month, Crude Oil's price has risen 4.39%, but it is still 16.82% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on June of 2025.

Oil Inventory Management Market Outlook

The global oil inventory management market size is estimated to reach approximately USD 2.8 billion in 2023 and is projected to grow to USD 4.3 billion by 2032, with a compound annual growth rate (CAGR) of 4.8% over the forecast period. This growth is largely driven by the increasing need for efficient and accurate management of oil inventories due to the fluctuating supply and demand dynamics in the oil and gas industry.

A significant growth factor of the oil inventory management market is the rising complexity of oil logistics. As oil supply chains become more intricate, with multiple touchpoints from extraction to distribution, efficient inventory management systems are vital to minimize discrepancies and ensure operational efficiency. Oil inventory management solutions, which incorporate advanced technologies such as IoT and AI, facilitate real-time monitoring and data analysis, thereby enhancing decision-making processes and reducing the risk of stockouts or overstock situations.

Another driving force is the escalating regulatory pressures and environmental standards imposed by governments globally. Accurate oil inventory management is crucial for compliance with these regulations, which aim to reduce environmental pollution and ensure safe storage and transportation of oil. Failure to meet these standards can result in hefty fines and damage to a company's reputation. Therefore, investing in advanced inventory management systems is becoming increasingly essential for oil and gas companies to maintain compliance and operate sustainably.

The growing emphasis on digital transformation and automation across the oil and gas industry is also a pivotal growth factor. Companies are adopting digital inventory management solutions to replace traditional, manual methods that are prone to errors and inefficiencies. These digital solutions offer enhanced accuracy, transparency, and traceability, which are critical for optimizing supply chains and improving overall operational efficiency. Additionally, the integration of blockchain technology into inventory management systems is emerging as a trend, providing secure and immutable records of oil transactions.

From a regional perspective, North America is expected to hold a significant share of the oil inventory management market during the forecast period, driven by the presence of major oil companies and stringent regulatory frameworks. Asia-Pacific is anticipated to exhibit the highest growth rate due to increasing oil consumption and investments in infrastructure development. Europe, Latin America, and the Middle East & Africa are also poised for steady growth, supported by technological advancements and regulatory compliance needs.

Component Analysis

The oil inventory management market can be segmented by component into software, hardware, and services. The software segment is expected to dominate the market, driven by the increasing adoption of sophisticated inventory management software solutions that offer real-time data analytics, predictive maintenance, and enhanced decision-making capabilities. Software solutions are designed to integrate seamlessly with existing systems, providing a holistic view of inventory levels and facilitating proactive management.

Hardware components, including sensors, RFID tags, and automated storage and retrieval systems, are also critical to the efficient functioning of inventory management systems. These hardware components enable accurate data capture and real-time monitoring of inventory levels, thereby reducing the risk of human error and enhancing operational efficiency. The demand for advanced hardware solutions is likely to grow as companies seek to modernize their inventory management infrastructure.

Services, encompassing installation, maintenance, training, and consultancy, play a pivotal role in the overall adoption and performance of oil inventory management systems. As companies invest in new technologies, the need for professional services to ensure seamless implementation and ongoing support becomes paramount. Service providers offer expertise in system integration, troubleshooting, and optimization, thereby enhancing the value derived from inventory management solutions.

The integration of software, hardware, and services is essential for creating comprehensive and effective oil inventory management solutions. Companies are increasingly seeking end-to-end solutions that combine these components to address their unique inventory management

Analysts forecast a drop in U.S. crude oil inventories, with distillate and gasoline stocks also declining. Rising refinery utilization suggests higher demand expectations.

The global oil inventory management market was valued at approximately USD 6.5 billion in 2022 and is expected to reach USD 11.5 billion by 2033, registering a CAGR of 5.7% during the forecast period (2023-2033). The market's growth is attributed to the increasing demand for real-time inventory visibility and optimization, the need for improved efficiency and cost reduction, and the rising adoption of cloud-based inventory management solutions. The oil inventory management market is segmented based on type (periodic inventory system, perpetual inventory, stock locator database, grid coordinating numbering system), application (asset tracking, product differentiation, service management, inventory optimization), company (Zoho Inventory, Vyapar, Oracle NetSuite ERP, AlignBooks, Horizon ERP, DataCo, Greasebook, Orion ERP), and region (North America, South America, Europe, Middle East & Africa, Asia Pacific). The North American region dominated the market in 2022 and is expected to maintain its dominance throughout the forecast period. The region's growth can be attributed to the increasing adoption of digital technologies, the presence of major oil and gas companies, and the government's initiatives to improve supply chain efficiency. Oil Inventory Management: A Detailed Overview Oil inventory management plays a crucial role in the energy sector, ensuring efficient storage, distribution, and utilization of oil resources. This report provides a comprehensive analysis of the global oil inventory management market, highlighting its concentration, product insights, market segmentation, regional trends, drivers, restraints, emerging trends, growth catalysts, leading players, and significant developments.

U.S. crude, gasoline, and distillate inventories decreased last week, surpassing expectations, potentially affecting oil market dynamics.

The global inventory management in oil and gas market is projected to reach USD 10.5 billion by 2033, exhibiting a CAGR of 6.2% during the forecast period. The increasing demand for oil and gas, coupled with the need for efficient management of inventory, is driving the growth of the market. The adoption of advanced technologies, such as IoT, AI, and cloud computing, is further expected to fuel the market growth. The North American region is estimated to hold the largest market share, owing to the presence of several major oil and gas companies in the region. The growing demand for effective inventory management solutions to optimize operations and minimize costs is fueling the market growth. Key players in the market include Zoho Inventory, Vyapar, Oracle NetSuite ERP, AlignBooks, Horizon ERP, DataCo, Greasebook, Orion ERP, and others. The adoption of advanced technologies, such as IoT, AI, and cloud computing, is transforming the inventory management process, enabling real-time tracking, predictive analytics, and automated decision-making. The increasing adoption of cloud-based solutions is also expected to drive market growth due to their scalability, flexibility, and cost-effectiveness. Inventory management plays a pivotal role in the oil and gas industry, supporting various operations and ensuring uninterrupted supply chains. This report provides an in-depth analysis of the inventory management landscape, covering market trends, industry developments, and key players.

U.S. crude oil inventories increased significantly last week, exceeding analysts' expectations, while gasoline stocks declined. Distillate inventories also rose, reflecting broader global oil market trends.

The Energy Information Administration (EIA) provides regular forecasts for crude oil prices, considering factors such as geopolitical events, production levels, inventories, and global economic conditions. This article discusses how these forecasts are crucial for stakeholders in the oil and gas industry, and highlights the key factors the EIA considers in its price forecast.

Brent rose to 67.12 USD/Bbl on June 9, 2025, up 0.98% from the previous day. Over the past month, Brent's price has risen 3.33%, but it is still 17.77% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Brent crude oil - values, historical data, forecasts and news - updated on June of 2025.

Inventory Management in Oil and Gas comes with extensive industry analysis of development components, patterns, flows, and sizes. The report calculates present and past market values to forecast potential market management during the forecast period between 2025 - 2033.

On June 2, 2025, the Brent crude oil price stood at 64.5 U.S. dollars per barrel, compared to 62.52 U.S. dollars for WTI oil and 65.13 U.S. dollars for the OPEC basket. Crude oil prices were some of the lowest they had been since February 2021.Europe's Brent crude oil, the U.S. WTI crude oil, and OPEC's basket are three of the most important benchmarks used by traders as reference for oil and gasoline prices. Lowest ever oil prices during coronavirus pandemic In 2020, the coronavirus pandemic resulted in crude oil prices hitting a major slump as oil demand drastically declined following lockdowns and travel restrictions. Initial outlooks and uncertainty surrounding the course of the pandemic brought about a disagreement between two of the largest oil producers, Russia and Saudi Arabia, in early March. Bilateral talks between global oil producers ended in agreement on April 13th, with promises to cut petroleum output and hopes rising that these might help stabilize the oil price in the coming weeks. However, with storage facilities and oil tankers quickly filling up, fears grew over where to store excess oil, leading to benchmark prices seeing record negative prices between April 20 and April 22, 2020. How crude oil prices are determined As with most commodities, crude oil prices are impacted by supply and demand, as well as inventories and market sentiment. However, as oil is most often traded in future contracts (whereby a contract is agreed upon, while the product delivery will follow in the next two to three months), market speculation is one of the principal determinants for oil prices. Traders make conclusions on how production output and consumer demand will likely develop over the coming months, leaving room for uncertainty. Spot prices differ from futures in so far as they reflect the current market price of a commodity.

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Learn about the various factors that influence the forecast for WTI (West Texas Intermediate) crude oil, including geopolitical tensions, OPEC & non-OPEC production, economic outlook, supply and demand dynamics, crude oil inventories, environmental and renewable energy policies, and speculative trading. Understand the challenges of accurate forecasting and the importance of consulting a professional before making investment decisions.

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The size and share of this market is categorized based on Application (Maintenance Management, Inventory Management, Risk Management, Compliance Management) and Product (Asset Tracking, Performance Monitoring, Regulatory Compliance, Inventory Optimization, Maintenance Scheduling) and geographical regions (North America, Europe, Asia-Pacific, South America, Middle-East and Africa).