News

The decline in domestic crude oil production in the United States in the week to July 17 was the largest since the week of January 30, 2026. The U.S. EIA Strategic Petroleum Reserve inventory for the week to July 17 was the lowest since the week of March 25, 1983.

EIA distillate fuel production extended demand data in the United States for the week to July 17 was 5.3227 million barrels per day, compared with the previous value of 4.7011 million barrels per day.

EIA total automotive gasoline production extended demand data for the week to July 17 in the United States was 9.7539 million barrels per day, compared with the previous value of 9.8097 million barrels per day.

The EIA crude oil production extended demand data for the week to July 17 in the United States was 19.317 million barrels per day, compared with the previous value of 19.792 million barrels per day.

The EIA Strategic Petroleum Reserve inventory in the United States for the week to July 17 was -5.057 million barrels, compared with the previous value of -2.985 million barrels.

The U.S. EIA refinery utilization rate for the week ending July 17 was 96.1%, compared to an expected 95.9% and a previous reading of 96.2%.

EIA gasoline production in the United States for the week to July 17 was 60,000 barrels per day, compared with the previous value of -96,000 barrels per day.

The United States imported 485,000 barrels of EIA crude oil in the week to July 17, compared with the previous value of -399,000 barrels.

The United States imported 280,000 barrels/day of EIA refined oil products in the week to July 17, compared with the previous value of 13,000 barrels/day.

EIA refined oil production in the United States in the week to July 17 was 90,000 barrels per day, compared with the previous value of 72,000 barrels per day.

EIA crude oil production in the United States in the week to July 17 was -58,000 barrels per day, compared with the previous value of 99,000 barrels per day.

EIA reformulated gasoline inventories in the United States for the week to July 17 were 00,000 barrels, compared with the previous value of 3,000 barrels.

EIA heating oil inventories in the United States for the week to July 17 were 231,000 barrels, compared with the previous value of 30,000 barrels.

EIA refined oil inventories in the United States for the week to July 17 were 1.395 million barrels, compared with expectations of 738,000 barrels and the previous value of 4.556 million barrels.

U.S. Trade Representative Greer: We are advancing negotiations on the U.S.-Mexico-Canada Agreement at the speed we deserve.

U.S. Trade Representative Greer: The United States is moving towards achieving an agricultural trade surplus again.

The U.S. EIA crude oil inventories, Cushing crude oil inventories, and strategic petroleum reserve inventories for the week ending July 17 will be released in ten minutes.

According to the Wall Street Journal: New York City landlords are suing the city over the rent freeze policy supported by New York City Mayor Mamdani. New York's small landlords demand Mamdani's rent freeze be overturned.

According to CBS News, the agreement between the United States and Saudi Arabia is expected to be signed around 1:30 p.m. local time (1:30 a.m. the following day Beijing time).

US cloud computing service provider stocks continued to rise, with Cerebras Systems up more than 15%, Coreweave (CRWV.O) up more than 5%, Hewlett Packard Enterprise, IREN, and Nebius up more than 3%, and Hut 8 up more than 2%.