Stocks of crude oil in the United States decreased by 4.30million barrels in the week ending May 30 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.

A crude oil inventory chart displays the amount of crude oil stored in tanks and facilities at a specific point in time. It provides insights into supply and demand dynamics, market sentiment, and potential price movements. This article explores the importance of the inventory chart, its data sources, and its use in conjunction with other indicators for informed decision-making in the oil market.

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.

China Crude Oil: Supply: Changes in Inventory data was reported at -10.355 Ton mn in 2022. This records a decrease from the previous number of 13.906 Ton mn for 2021. China Crude Oil: Supply: Changes in Inventory data is updated yearly, averaging -1.297 Ton mn from Dec 1980 (Median) to 2022, with 37 observations. The data reached an all-time high of 13.906 Ton mn in 2021 and a record low of -35.441 Ton mn in 2020. China Crude Oil: Supply: Changes in Inventory data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s China – Table CN.RBC: Crude Oil Balance Sheet.

India Energy Balance: Primary: Total Crude: Crude Oil: Closing Stocks data was reported at 46,522.320 Barrel th in Dec 2024. This records a decrease from the previous number of 53,129.040 Barrel th for Nov 2024. India Energy Balance: Primary: Total Crude: Crude Oil: Closing Stocks data is updated monthly, averaging 34,666.680 Barrel th from Jan 2002 (Median) to Dec 2024, with 276 observations. The data reached an all-time high of 62,533.200 Barrel th in May 2019 and a record low of 0.000 Barrel th in Feb 2011. India Energy Balance: Primary: Total Crude: Crude Oil: Closing Stocks data remains active status in CEIC and is reported by Joint Organisations Data Initiative. The data is categorized under Global Database’s India – Table IN.JODI.WDB: Energy Balance: Oil. Including lease condensate; Closing stocks: Represents the primary stock level at the end of the month within national territories. This includes stocks held by importers, refiners, stock holding organisations and governments.

The US crude oil stocks chart provides a visual representation of the levels of crude oil inventories in the United States. It is closely monitored by global oil markets as fluctuations in oil stocks can have a significant impact on oil prices. The chart is published by the US Energy Information Administration (EIA) and displays a time series of crude oil inventories. Traders, investors, and analysts use the chart to identify trends and patterns that could influence the oil market. It is an essential tool f

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.

Crude Oil: Factory Inventory: Shandong data was reported at 245.300 Ton tt in 09 May 2025. This records an increase from the previous number of 243.700 Ton tt for 02 May 2025. Crude Oil: Factory Inventory: Shandong data is updated daily, averaging 293.450 Ton tt from Oct 2020 (Median) to 09 May 2025, with 234 observations. The data reached an all-time high of 402.020 Ton tt in 12 Mar 2021 and a record low of 243.700 Ton tt in 02 May 2025. Crude Oil: Factory Inventory: Shandong data remains active status in CEIC and is reported by Shandong Longzhong Information Technology Co., Ltd.. The data is categorized under China Premium Database’s Energy Sector – Table CN.RBP: Crude Oil: Inventory.

Strategic Petroleum Reserve Crude Oil Stocks in the United States increased to 401822 Thousand Barrels in May 30 from 401313 Thousand Barrels in the previous week. This dataset includes a chart with historical data for the United States Strategic Petroleum Reserve Crude Oil Stocks.

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.

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.

Japan Inventory: Crude Oil data was reported at 11,823.094 kl th in Sep 2018. This records a decrease from the previous number of 12,477.954 kl th for Aug 2018. Japan Inventory: Crude Oil data is updated monthly, averaging 16,824.302 kl th from Jan 1995 (Median) to Sep 2018, with 285 observations. The data reached an all-time high of 24,624.000 kl th in Jul 1995 and a record low of 11,823.094 kl th in Sep 2018. Japan Inventory: Crude Oil data remains active status in CEIC and is reported by Ministry of Economy, Trade and Industry. The data is categorized under Global Database’s Japan – Table JP.RB007: Energy Inventory and Shipment.

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.

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

China Crude Oil: Port Inventory: Quanzhou Port data was reported at 110.000 Ton tt in 09 May 2025. This stayed constant from the previous number of 110.000 Ton tt for 02 May 2025. China Crude Oil: Port Inventory: Quanzhou Port data is updated daily, averaging 109.000 Ton tt from Nov 2019 (Median) to 09 May 2025, with 288 observations. The data reached an all-time high of 141.000 Ton tt in 07 Aug 2020 and a record low of 87.000 Ton tt in 22 Nov 2019. China Crude Oil: Port Inventory: Quanzhou Port data remains active status in CEIC and is reported by Shandong Longzhong Information Technology Co., Ltd.. The data is categorized under China Premium Database’s Energy Sector – Table CN.RBP: Crude Oil: Inventory.

Historical dataset of daily Brent (Europe) crude oil prices over the last ten years. Values shown are daily closing prices.

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.

CN: Crude Oil: Port Inventory: Northeast China data was reported at 634.600 Ton tt in 11 Apr 2025. This records an increase from the previous number of 597.800 Ton tt for 04 Apr 2025. CN: Crude Oil: Port Inventory: Northeast China data is updated daily, averaging 713.700 Ton tt from Nov 2019 (Median) to 11 Apr 2025, with 284 observations. The data reached an all-time high of 1,034.000 Ton tt in 02 Oct 2020 and a record low of 597.800 Ton tt in 04 Apr 2025. CN: Crude Oil: Port Inventory: Northeast China data remains active status in CEIC and is reported by Shandong Longzhong Information Technology Co., Ltd.. The data is categorized under China Premium Database’s Energy Sector – Table CN.RBP: Crude Oil: Inventory.

Crude Oil Production in Russia decreased to 9795 BBL/D/1K in February from 9805 BBL/D/1K in January of 2025. This dataset provides the latest reported value for - Russia Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.