Stocks of crude oil in the United States increased by 3.85million barrels in the week ending June 27 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.

API Crude Oil Stock Change in the United States increased to 0.68 BBL/1Million in June 27 from -4.28 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.

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.

Learn about the importance of oil inventory data and how the Energy Information Administration (EIA) collects and reports on it. Discover how this data influences oil prices, supply and demand dynamics, and helps traders and investors make informed decisions.

Crude oil and petroleum products opening and closing inventories, by mode of transport including pipelines, marine vessels and associated terminals, by product type, monthly, not seasonally adjusted.

The US Oil Inventory Report, also known as the Weekly Petroleum Status Report, provides crucial information on the current level of crude oil and petroleum product inventories in the United States. Traders, investors, and analysts closely monitor this report to gain insights into supply and demand trends in the oil market.

Crude Oil fell to 66.46 USD/Bbl on July 4, 2025, down 0.56% from the previous day. Over the past month, Crude Oil's price has risen 4.87%, but it is still 20.09% 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.

Cushing Crude Oil Stocks in the United States decreased to -1493 Thousand Barrels in June 27 from -464 Thousand Barrels in the previous week. This dataset provides - United States Cushing Crude Oil Stocks- actual values, historical data, forecast, chart, statistics, economic calendar and news.

On June 30, 2025, the Brent crude oil price stood at 66.64 U.S. dollars per barrel, compared to 65.11 U.S. dollars for WTI oil and 68.35 U.S. dollars for the OPEC basket. OPEC prices fell that week as concerns over supply constraints related to the Israel-Iran conflict eased.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.

WS: PADD 5: Total Stocks data was reported at 46,835.000 Barrel th in 16 Feb 2024. This records a decrease from the previous number of 46,865.000 Barrel th for 09 Feb 2024. WS: PADD 5: Total Stocks data is updated weekly, averaging 48,672.000 Barrel th from Jan 2020 (Median) to 16 Feb 2024, with 214 observations. The data reached an all-time high of 58,228.000 Barrel th in 08 May 2020 and a record low of 44,258.000 Barrel th in 13 Oct 2023. WS: PADD 5: Total Stocks data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.RB052: Petroleum Supply: Weekly Crude Oil Storage Capacity (Discontinued). Released once a week (every Wednesday) with data for the previous week (Monday to Friday). If Wednesday falls on a holiday, the data will be released on the next business day.

API Gasoline Stocks in the United States decreased to 0.58 BBL/1Million in January 26 from 7.18 BBL/1Million in the previous week. This dataset provides - United States Api Gasoline Stocks- actual values, historical data, forecast, chart, statistics, economic calendar and news.

This dataset contains India Oil Database for 2002-2021. Data from Joint Organisations Data Initiative. Follow datasource.kapsarc.org for timely data to advance energy economics research.

WS: PADD 3: Total Stocks data was reported at 250,264.000 Barrel th in 16 Feb 2024. This records an increase from the previous number of 248,349.000 Barrel th for 09 Feb 2024. WS: PADD 3: Total Stocks data is updated weekly, averaging 247,134.000 Barrel th from Jan 2020 (Median) to 16 Feb 2024, with 214 observations. The data reached an all-time high of 309,016.000 Barrel th in 03 Jul 2020 and a record low of 219,249.000 Barrel th in 17 Jan 2020. WS: PADD 3: Total Stocks data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.RB052: Petroleum Supply: Weekly Crude Oil Storage Capacity (Discontinued). Released once a week (every Wednesday) with data for the previous week (Monday to Friday). If Wednesday falls on a holiday, the data will be released on the next business day.

Brent fell to 68.29 USD/Bbl on July 4, 2025, down 0.52% from the previous day. Over the past month, Brent's price has risen 4.51%, but it is still 21.09% 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.

Crude Oil Storage Market Outlook

The global crude oil storage market size was valued at approximately USD 15.3 billion in 2023 and is projected to reach around USD 26.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period. This growth can be attributed to several factors, including increasing global oil production, strategic petroleum reserves by governments, and rising demand for energy security.

One of the primary growth factors for the crude oil storage market is the rising global production of crude oil, driven by technological advancements in extraction techniques. Hydraulic fracturing and horizontal drilling have significantly increased the production of unconventional oil and gas resources, particularly in North America. This has, in turn, necessitated the expansion of storage facilities to manage and store the excess production. Additionally, investments in oil exploration and production activities in emerging markets are further propelling the demand for crude oil storage solutions.

Another key driver for the market is the strategic petroleum reserves maintained by various governments worldwide. These reserves are essential for national security and energy independence, providing a buffer against potential supply disruptions. Countries such as the United States, China, and India have been actively expanding their strategic reserves, thereby stimulating the need for additional storage infrastructure. Furthermore, geopolitical tensions and economic uncertainties amplify the importance of maintaining substantial oil reserves, thus contributing to market growth.

In addition to the aforementioned factors, the rising demand for energy security is a significant growth driver for the crude oil storage market. With the global economy heavily reliant on oil, ensuring a stable supply chain is crucial. This has led to an increase in the construction of both commercial and strategic storage facilities to safeguard against supply interruptions and price volatility. The growing emphasis on energy security is particularly evident in regions prone to geopolitical instability or natural disasters.

From a regional perspective, the Asia Pacific region is anticipated to experience substantial growth in the crude oil storage market. This growth is driven by rapid industrialization, urbanization, and increasing energy consumption in countries such as China and India. Additionally, the Middle East & Africa region, being a major oil-producing hub, is also expected to witness significant investments in storage infrastructure to manage their substantial crude oil output and maintain market stability.

Type Analysis

The crude oil storage market is segmented by type into floating roof tanks, fixed roof tanks, bullet tanks, spherical tanks, and others. Floating roof tanks are widely used for the storage of large quantities of crude oil. These tanks are designed to minimize vapor loss and reduce the risk of fires, making them particularly suitable for storing volatile petroleum products. The adoption of floating roof tanks is driven by their relatively low cost and operational efficiency, which makes them a preferred choice in many storage facilities globally.

Fixed roof tanks, on the other hand, are commonly used for storing less volatile substances and are particularly suitable for smaller storage needs. These tanks offer the advantage of simplicity in design and operation, which makes them a cost-effective solution for many storage applications. However, issues such as vapor losses can be a significant drawback, which can impact their adoption in certain scenarios. Despite these limitations, fixed roof tanks remain a popular choice for various industrial and commercial applications.

Bullet tanks and spherical tanks are specialized types of storage facilities typically used for the storage of gases and other pressurized liquids. Bullet tanks are elongated, cylindrical storage tanks that are particularly useful for storing low vapor pressure liquids. Spherical tanks, also known as Horton spheres, are spherical in shape and designed to store liquids and gases at high pressures. These tanks are usually constructed from robust materials to withstand high pressures and are often used in petrochemical and refining industries.

Other types of crude oil storage solutions include underground storage facilities and strategic reserves, which are designed for long-term storage. Underground storage offers the advantage of reduced environmental impact and enhanced sa

United States Petroleum Stocks: Crude Oil: Commercial data was reported at 446,908.000 Barrel th in 16 Nov 2018. This records an increase from the previous number of 442,057.000 Barrel th for 09 Nov 2018. United States Petroleum Stocks: Crude Oil: Commercial data is updated weekly, averaging 317,911.500 Barrel th from Aug 1982 (Median) to 16 Nov 2018, with 1886 observations. The data reached an all-time high of 535,543.000 Barrel th in 31 Mar 2017 and a record low of 247,323.000 Barrel th in 23 Jan 2004. United States Petroleum Stocks: Crude Oil: Commercial data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.RB029: Petroleum Stocks: Weekly Report.

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

Crude oil stocks in the U.S. Strategic Petroleum Reserve (SPR) increased to nearly 400 million barrels in the first week of 2025. SPR ending stocks depleted to lows not seen since the 1980s as the U.S. government tried to combat reduced supplies from Russia throughout 2022 and 2023. Since then, sluggish world demand has again allowed for greater storing of crude oil.

Crude Oil Storage Tank Market Outlook

The crude oil storage tank market size is projected to grow from $4.5 billion in 2023 to an estimated $7.2 billion by 2032, driven by a compound annual growth rate (CAGR) of 5.5%. The growth of the market is primarily fueled by the rising demand for crude oil and petroleum products globally, alongside increasing investments in oil exploration activities and strategic reserves. The expansion and upgrading of refinery capacities in emerging markets further accentuate the need for efficient and technologically advanced storage solutions, contributing significantly to market growth.

The burgeoning global population and rapid industrialization in developing countries are key growth factors for the crude oil storage tank market. As nations strive to meet their energy requirements, the demand for crude oil and its derivatives continues to soar. This necessitates the expansion of storage capacities to ensure a steady supply of crude oil, thereby propelling the market forward. Moreover, geopolitical factors and the strategic importance of maintaining substantial oil reserves to cushion against supply disruptions are compelling governments to invest heavily in the construction and maintenance of crude oil storage tanks.

Technological advancements in storage tank design and materials are also bolstering market growth. Innovations such as the development of advanced corrosion-resistant materials and enhanced safety features are making storage tanks more reliable and efficient. These advancements reduce maintenance costs and enhance the longevity of the storage facilities, thereby attracting investments from oil companies and strategic reserve managers. Furthermore, the integration of digital technologies like IoT and AI for real-time monitoring and management of storage tanks is revolutionizing the industry, ensuring operational efficiency and safety.

Environmental regulations and the increasing focus on sustainability are another pivotal growth driver for the crude oil storage tank market. Governments worldwide are imposing stringent regulations on the oil and gas industry to minimize environmental impact and ensure safe storage practices. Compliance with these regulations requires the adoption of advanced storage solutions that mitigate risks of leaks and spills. Additionally, initiatives to upgrade existing storage infrastructure to more environmentally friendly and safer alternatives are further stimulating market growth.

Petroleum Storage Terminals play a crucial role in the logistics and supply chain of crude oil and petroleum products. These terminals serve as key nodes for the storage, blending, and distribution of oil, ensuring that the supply meets the fluctuating demands of the market. As the global demand for energy continues to rise, the strategic placement and capacity of Petroleum Storage Terminals become increasingly important. They not only facilitate the efficient movement of oil but also provide a buffer against market volatility and supply disruptions. The development of new terminals and the expansion of existing ones are driven by the need for enhanced storage capabilities, technological advancements, and compliance with environmental regulations. This growth is particularly evident in regions with burgeoning industrial activities and strategic reserves, where the demand for robust and reliable storage infrastructure is paramount.

Regionally, the Asia Pacific is poised to be a significant contributor to the market's growth. The region's rapid industrialization, urbanization, and growing automotive sector are driving the demand for crude oil and its storage solutions. Countries like China and India are making substantial investments in expanding their crude oil storage capacities to secure energy supplies and manage strategic reserves efficiently. North America and the Middle East & Africa also continue to play crucial roles, thanks to their established oil industries and ongoing exploration activities.

Type Analysis

Fixed roof tanks represent a significant segment of the crude oil storage tank market. These tanks are commonly used for storing large quantities of crude oil and other petroleum products. Their robust construction and cost-effectiveness make them a preferred choice for many storage facilities. Fixed roof tanks are particularly advantageous in regions with stable climatic conditions, where the risks of temperature fluctuations affecting the stored product are

The dataset includes monthly WTI crude oil spot and futures prices with the shortest maturity contracts (one-month, two-month, and three-month futures contracts), the US Ending Stocks of Crude Oil and Petroleum Products in thousands of barrels. All the datasets were sourced from US EIA, except for the three-month US treasury bill dataset sourced from the Federal Reserve Economic Data of St. Louis Federal Bank.