Sentences with phrase «fuel oil inventories»

Gulf Coast distillate fuel oil inventories have fallen for four consecutive weeks, according to EIA data.

Not exact matches

LONDON, April 25 (Reuters)- Oil eased on Wednesday, but held in sight of three - year highs reached the previous day, as rising U.S. fuel inventories and production weighed on an otherwise bullish market.

LONDON, April 25 (Reuters)- Oil edged higher on Wednesday, nearing three - year highs reached the previous day, as rising U.S. fuel inventories and production weighed on an otherwise bullish market.

As WTI enjoys the first meaningful price rise since this spring, and a day after the API injected further optimism in markets by reporting a 761,000 - barrel draw in U.S. crude oil inventories, the EIA added fuel to the celebratory mood.

Healthy demand growth for fuel not only in emerging economies led by China and India, but also in Europe, is helping global inventories to draw down faster now, keeping the oil market on the right track towards rebalancing, according to industry executives who spoke at a conference on Tuesday.

The API released its data late Tuesday afternoon showing a draw in both total crude oil stocks and gasoline and a small build in distillate fuel inventories.

As was the case last week, fueling the sell - off was another dose of disappointing inventory data, which is confirming the market's worst fear that the oil glut isn't going away as quickly as hoped.

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Although it is encouraging to see DOE recognize some of the limitations of the current US Strategic Petroleum Reserve (SPR), I am disappointed that the new stockpile appears merely to copy the Clinton - era Northeast Heating Oil Reserve, in both quantity and approximate location, rather than reflecting a thorough rethinking of the entire concept of strategic fuel inventories, involving all stakeholders.

Other duties of an aircraft mechanic include installing and realigning replacement parts; diagnosing malfunctions of engines; listening to operating engines to look for malfunctions; obtaining oil and fuel samples; maintaining repair logs and other documents; creating inventories of supplies, materials, equipments or supplies; and reading and interpreting maintenance manuals and other technical documents.