Stocks of crude oil in the United States decreased by 3.86million barrels in the week ending July 11 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.

U.S. crude oil inventories saw a slight increase, while gasoline and distillate stocks declined, affecting market dynamics. Learn more about the latest EIA report.

API Crude Oil Stock Change in the United States decreased to -0.58 BBL/1Million in July 18 from 0.84 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.

Explore the surprising increase in U.S. crude oil inventories driven by a significant import surge, affecting gasoline and distillate stocks. Understand the market's response and refinery activity.

Crude Oil rose to 65.49 USD/Bbl on July 23, 2025, up 0.27% from the previous day. Over the past month, Crude Oil's price has risen 1.73%, but it is still 15.60% 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 July of 2025.

US crude oil stocks are projected to fall as gasoline and distillate inventories increase, based on analyst forecasts.

In 2023, the crude oil inventory volume in Japan amounted to approximately 30.2 thousand kiloliters, an increase from about 27.6 thousand kiloliters in the previous year. The crude oil demand in the country is mainly covered by imported products, with Middle Eastern countries being major trading partners.

Brent rose to 68.87 USD/Bbl on July 23, 2025, up 0.41% from the previous day. Over the past month, Brent's price has risen 2.57%, but it is still 15.72% 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 July of 2025.

U.S. crude oil inventories saw a steep decline, surpassing expectations, while product inventories rose, impacting market dynamics and supply chain strategies.

On July 21, 2025, the Brent crude oil price stood at 68.98 U.S. dollars per barrel, compared to 67.2 U.S. dollars for WTI oil and 70.65 U.S. dollars for the OPEC basket. Brent and OPEC prices fell slightly that week, while WTI prices rose.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 (where a contract is agreed upon while 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.

Despite their widespread use as predictors of the spot price of oil, oil futures prices tend to be less accurate in the mean-squared prediction error sense than no-change forecasts. This result is driven by the variability of the futures price about the spot price, as captured by the oil futures spread. This variability can be explained by the marginal convenience yield of oil inventories. Using a two-country, multi-period general equilibrium model of the spot and futures markets for crude oil we show that increased uncertainty about future oil supply shortfalls under plausible assumptions causes the spread to decline. Increased uncertainty also causes precautionary demand for oil to increase, resulting in an immediate increase in the real spot price. Thus the negative of the oil futures spread may be viewed as an indicator of fluctuations in the price of crude oil driven by precautionary demand. An empirical analysis of this indicator provides evidence of how shifts in the uncertainty about future oil supply shortfalls affect the real spot price of crude oil.

Replication data for peer-reviewed article published in Journal of Applied Econometrics. Paper published online February 24, 2010.

Oil prices fell as U.S. crude inventories unexpectedly rose, raising demand concerns despite previous geopolitical and trade-related gains.

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 system market is estimated to be valued at USD XXX million in 2025 and is projected to grow at a CAGR of XX% from 2025 to 2033, reaching USD XXX million by 2033. The market is driven by the increasing demand for efficient inventory management solutions in the oil and gas industry, as well as the need to comply with regulatory requirements. Additionally, the growing adoption of digital technologies and the rising demand for real-time inventory visibility are expected to further drive market growth. The market is segmented by type, application, and region. By type, the market is segmented into periodic inventory system, perpetual inventory, stock locator database, and grid coordinating numbering system. By application, the market is segmented into asset tracking, product differentiation, service management, and inventory optimization. By region, the market is segmented into North America, South America, Europe, Middle East & Africa, and Asia Pacific. North America is the largest market for oil inventory management systems, followed by Europe and Asia Pacific. The growth in the North American market is attributed to the presence of a large number of oil and gas companies in the region. The Asia Pacific market is expected to grow at a significant rate during the forecast period, due to the increasing demand for efficient inventory management solutions in the region.

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.

Oil prices rose as U.S. crude inventories fell significantly, indicating strong demand. The market is watching OPEC+ production levels and geopolitical developments closely.

Oil prices faced volatility with rising US crude inventories and geopolitical tensions affecting the market. WTI and Brent crude saw initial gains reduced, influenced by supply dynamics and geopolitical factors.

1 Stock change assumptions reflect the development of Strategic Petroleum Reserves SPR in some non OECD countries, and the rising need for stocks as refinery capacity expands These rates of rise in stocks will eventually slow, as growth in SPR slows as does refinery expansion The medium term pattern eventually reverts, in the long term, to historical average behavior 2 For Indicators, like Long term real GP growth rates which is given in the date range 2014 2020, 2020 2030, 2030 2040 has been considered as last date of the range For example, 2014 2020 has been considered as 2020

An analysis of recent trends in U.S. crude oil stockpiles and global trade, highlighting significant growth and international market dynamics.