API Crude Oil Stock Change in the United States increased to 7.10 BBL/1Million in July 4 from 0.68 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.

Stocks of crude oil in the United States increased by 7.07million barrels in the week ending July 4 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.

Learn about crude oil inventory and its impact on oil prices. The U.S. Energy Information Administration (EIA) is responsible for monitoring and reporting crude oil inventory data in the United States. Find out how this data is collected and its significance in understanding supply and demand dynamics in the oil market. Discover how the EIA's weekly and monthly reports influence oil markets and help market participants make informed decisions.

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 rose to 68.75 USD/Bbl on July 11, 2025, up 3.27% from the previous day. Over the past month, Crude Oil's price has risen 1.04%, but it is still 16.37% 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.

U.S. crude oil inventories increased significantly, while gasoline and distillate stocks fell, according to the latest EIA report. Learn about the market impacts.

On July 7, 2025, the Brent crude oil price stood at 69.62 U.S. dollars per barrel, compared to 67.93 U.S. dollars for WTI oil and 69.92 U.S. dollars for the OPEC basket. Prices rose slightly that week, following signs of an increase in demand.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.

United States Petroleum Supply: Crude Oil: Stock Change: SPR data was reported at 0.000 Barrel/Day th in 20 Jul 2018. This stayed constant from the previous number of 0.000 Barrel/Day th for 13 Jul 2018. United States Petroleum Supply: Crude Oil: Stock Change: SPR data is updated weekly, averaging 0.000 Barrel/Day th from Nov 2001 (Median) to 20 Jul 2018, with 872 observations. The data reached an all-time high of 461.000 Barrel/Day th in 22 Aug 2003 and a record low of -845.000 Barrel/Day th in 12 Aug 2011. United States Petroleum Supply: Crude Oil: Stock Change: SPR data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s USA – Table US.RB018: Petroleum Supply: Weekly Report.

This dataset provides values for API CRUDE OIL STOCK CHANGE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Learn about the importance of the US crude inventory report, which provides insights into the stockpile of crude oil and petroleum products in the country. Discover how this data influences the supply and price of oil and helps assess energy market trends and dynamics.

United States Petroleum Supply: Crude Oil: Stock Change: Commercial data was reported at -878.000 Barrel/Day th in 20 Jul 2018. This records a decrease from the previous number of 834.000 Barrel/Day th for 13 Jul 2018. United States Petroleum Supply: Crude Oil: Stock Change: Commercial data is updated weekly, averaging 48.000 Barrel/Day th from Nov 2001 (Median) to 20 Jul 2018, with 872 observations. The data reached an all-time high of 2,060.000 Barrel/Day th in 28 Oct 2016 and a record low of -2,073.000 Barrel/Day th in 02 Sep 2016. United States Petroleum Supply: Crude Oil: Stock Change: Commercial data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s USA – Table US.RB018: Petroleum Supply: Weekly Report.

The global inventory management market within the oil and gas sector is experiencing robust growth, driven by the increasing need for efficient operations, enhanced supply chain visibility, and stringent regulatory compliance. The market, estimated at $15 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 8% from 2025 to 2033, reaching approximately $28 billion by 2033. This expansion is fueled by several key factors: the escalating demand for real-time inventory tracking to minimize losses and optimize resource allocation; the adoption of advanced technologies like IoT sensors and AI-powered analytics for predictive inventory management; and the growing focus on sustainability and reducing environmental impact through precise inventory control. Furthermore, the increasing complexity of oil and gas operations, coupled with the fluctuating prices of crude oil and natural gas, necessitates robust inventory management systems to ensure cost-effectiveness and operational resilience. The market is segmented by application (asset tracking, product differentiation, service management, inventory optimization) and by type of inventory system (periodic, perpetual, stock locator database, grid coordinating numbering system). Leading players include Zoho Inventory, Vyapar, Oracle NetSuite ERP, and others, competing on features, scalability, and integration capabilities. Geographic expansion is also a significant driver, with North America and Europe currently holding the largest market shares. However, the Asia-Pacific region, particularly China and India, is poised for substantial growth due to increasing investments in oil and gas infrastructure and the rising adoption of digital technologies. While the market faces challenges such as high initial investment costs for advanced systems and the need for skilled personnel to manage and maintain these systems, the overall growth trajectory remains positive, propelled by the inherent demand for efficient and transparent inventory management within the oil and gas industry. Further growth is anticipated from increasing government regulations and industry standards concerning environmental protection and safety.

Brent rose to 70.45 USD/Bbl on July 14, 2025, up 0.12% from the previous day. Over the past month, Brent's price has fallen 3.80%, and is down 16.98% compared to the same time last year, 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.

Inventory day of crude oil is a crucial event that provides important data on supply and demand dynamics in the oil market. Learn how these inventory reports impact oil prices, trading activities, and decision-making processes.

Access the American Petroleum Institute's (API) Weekly Statistical Bulletin (WSB), providing essential data for the US and regional petroleum markets.

Graph and download economic data for Quarterly Financial Report: U.S. Corporations: Petroleum and Coal Products: Capital Stock and Other Capital (Less Treasury Stock) (QFRD326324USNO) from Q4 2000 to Q1 2025 about coal, petroleum, stocks, finance, nondurable goods, capital, Treasury, corporate, goods, manufacturing, industry, and USA.

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.

Cushing Crude Oil Stocks in the United States increased to 464 Thousand Barrels in July 4 from -1493 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.

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Oil And Gas Storage Service Market Size 2025-2029

The oil and gas storage service market size is forecast to increase by USD 4.62 billion, at a CAGR of 5.6% between 2024 and 2029.

The market is driven by the increasing global demand for oil and gas, necessitating the expansion of storage capacity to accommodate growing inventories. A notable trend in the market is the adoption of solidification technology for natural gas storage, enabling the efficient and safe storage of large volumes of natural gas. However, the market faces challenges due to the volatility in oil and gas prices, which can impact the profitability of storage projects. Natural gas and crude oil storage systems enable power plants to maintain a steady supply of fuel during peak load periods and unexpected outages. Companies specializing in oil and gas tank storage, LNG storage and regasification, and CNG storage are actively seeking innovative solutions to optimize their operations and mitigate the risks associated with price fluctuations.
Additionally, the development of floating storage and regasification units (FSRUs) offers opportunities for expansion into new markets and the provision of flexible storage solutions to meet the evolving energy demands of industries and consumers. In the power sector, oil and gas storage solutions are indispensable for peaking and backup power generation.

What will be the Size of the Oil And Gas Storage Service Market during the forecast period?

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The market encompasses various solutions, including asset management, underground and above-ground storage options, and cryogenic storage. Technology adoption in this sector is on the rise, with digital twins and advanced safety systems, such as pressure relief valves, explosion protection, and flame arrestors, becoming increasingly common. Compliance auditing and environmental permitting are crucial aspects of the market, ensuring adherence to safety performance metrics and environmental performance metrics. Storage capacity planning is essential for operational efficiency, with demand forecasting and vapor pressure control playing significant roles. Cost optimization is a key trend, driving the use of inventory turnover, safety training, and emergency drills.
Hazard analysis and gas detection are integral components of safety performance, while rupture disks and salt cavern storage offer enhanced safety and cost benefits. Market players focus on optimization and efficiency, with technology advancements in storage utilization rates and operational efficiency. Regulatory compliance and safety remain top priorities, with ongoing efforts to improve safety performance metrics and environmental performance metrics. 

How is this Oil And Gas Storage Service Industry segmented?

The oil and gas storage service industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Power plants
  Oil refineries
  Chemical plants
  LNG storage facilities


Service

  Storage services
  Ancillary services


Type

  Underground storage
  Aboveground storage


Geography

  North America

    US
    Canada


  Europe

    Russia


  Middle East and Africa

    Iran
    Qatar
    UAE


  APAC

    China
    India
    Singapore


  Rest of World (ROW)

By Application Insights

The power plants segment is estimated to witness significant growth during the forecast period. The market encompasses a range of essential solutions for pipeline infrastructure, terminal operations, and power plants. Pipeline infrastructure necessitates tank coatings, temperature monitoring, and leak detection systems to ensure the safe and efficient transportation of oil and natural gas. Terminal operations rely on railcar loading, level monitoring, and inventory management to facilitate the transfer of petroleum products between various modes of transportation. Data security is a growing concern, as digitalization increases the need for robust cybersecurity measures.

These facilities incorporate advanced technologies such as artificial intelligence (AI), big data analytics, and remote monitoring to optimize capacity utilization and improve energy efficiency. Environmental protection is a critical concern in the oil and gas storage industry, with fire suppression systems, vapor recovery systems, and corrosion control measures ensuring safety and minimizing the carbon footprint. Logistics and transportation, including marine loading and third-party logistics, streamline the movement of petroleum products and facilitate just-in-time delivery. Storage tank maintenance, tank cleaning, and risk management practices ensure the longevity and safety of storage facilities. Digital transformation and SCADA syst

The global oil storage base market is experiencing robust growth, driven by increasing global energy demand and the need for strategic petroleum reserves. While precise market size figures for 2019-2024 aren't provided, we can infer significant expansion based on the projected Compound Annual Growth Rate (CAGR) and the considerable number of operational bases listed, predominantly in China. The market is segmented by application (civilian and military) and type (strategic and commercial reserves), with civilian applications likely dominating due to the expanding global energy consumption and the need for efficient supply chain management. Key growth drivers include rising crude oil prices, geopolitical instability fostering a need for secure energy supplies, and ongoing investment in infrastructure development, particularly in emerging economies. Furthermore, the increasing adoption of advanced technologies for efficient storage and inventory management will contribute to market growth in the forecast period (2025-2033). The report highlights a strong presence of significant players in China, indicating a geographically concentrated market share currently, although the inclusion of regional data suggests future expansion across North America, Europe, the Middle East & Africa, and the Asia-Pacific region. Competitive dynamics within the industry are likely influenced by factors like geographic location, storage capacity, and technological advancements, necessitating a continuous adaptation by existing and new market entrants. Growth within the oil storage base sector is anticipated to be spurred by several factors over the coming decade. Governments worldwide are increasingly investing in strategic petroleum reserves to mitigate the risks associated with supply disruptions. Commercial reserves are also expanding to meet the needs of refining and distribution companies aiming for improved logistical efficiency and inventory management. Growth will likely be uneven geographically, with developing nations experiencing potentially higher growth rates as they invest in infrastructure. However, mature markets will continue to see expansion based on modernization efforts and increasing storage capacity. Regulatory changes pertaining to safety and environmental protection will influence market dynamics, potentially driving investments in more secure and sustainable storage solutions. This necessitates a comprehensive understanding of the regulatory landscape in each target region. The market is expected to consolidate somewhat over the next decade, with larger players acquiring smaller entities or forming strategic partnerships to enhance their market positions and geographical reach.