Data from the US Energy Information Administration showed, on Wednesday, that total exports of petroleum products rose by 1.3 million barrels per day on a weekly basis, which is the largest increase since the week ending June 7.
The previous record for total petroleum exports was also in the week ending June 7, at 7.5 million barrels per day.
On the other hand, the US Energy Information Administration said that crude oil stocks, gasoline stocks, and distillate products rose in the week ending the first of November.
She added that crude stocks rose by 2.1 million barrels to 427.7 million barrels in the aforementioned week, compared to analysts’ expectations in a Reuters poll of an increase of 1.1 million barrels.
Management reported that inventories Oil Crude at the delivery center in Cushing, Oklahoma, rose 522 thousand barrels.
Crude consumption in refineries increased by 281 thousand barrels per day.
Refinery operating rates increased by 1.4 percent.
The administration said that gasoline stocks are at US It rose by 412 thousand barrels to 211.3 million, compared to the expectations of analysts polled by Reuters for a decrease of 878 thousand barrels.
Administration data showed that distillate stocks, which include diesel and heating oil, increased by 2.9 million barrels to 115.8 million barrels, compared to expectations of a decrease of 1.1 million.
The administration said that US net imports of crude rose by 1.7 million barrels per day during the same week.