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Us Stockpiles

All articles tagged with #us stockpiles

politics3 hours ago•12 min saved

Hegseth Clashes Over U.S. Stockpiles in CBS Face the Nation Interview

During a Face the Nation interview, Pete Hegseth argued that the United States has strong, growing munitions stockpiles and is accelerating production, while Margaret Brennan pressed him on what she described as a private-sector stockpile crisis; Hegseth defended expansion and international co-production, noting past testimony that rebuilding could take years, and the exchange touched on Ukraine aid and Europe paying for munitions.

via Mediaite|

#face-the-nation #margaret-brennan #munitions

energy2 years ago•2 min saved

"Warning: Winter Heating Costs Set to Soar as US Oil Stockpiles Plummet"

Americans may face higher heating bills this winter due to low stockpiles of distillate fuels in the US. Distillate inventories, including diesel and heating oil, are currently about 15% below the five-year average, leaving little room for error in the system. The tight supplies are a result of OPEC+ crude supply cuts and increased demand from Europe. Refiners have struggled to build stocks due to limited supplies of distillate-rich crude oil grades. Additionally, US exports have depleted stockpiles, and lackluster US demand in the first half of the year has failed to boost inventories. With the potential for a cold winter, analysts warn of significant price shocks.

via Reuters|

#distillate-fuels #energy #heating-oil

business3 years ago•1 min saved

Saudi Threats and Falling Stockpiles Boost Oil Prices

Oil prices rose after Saudi Arabia's energy minister warned short sellers to "watch out" for pain, raising the prospect of further OPEC+ output cuts. U.S. crude oil and fuel inventories fell sharply, with crude inventories falling about 6.8 million barrels and gasoline inventories dropping about 6.4 million. If confirmed by the Energy Information Administration, U.S. gasoline inventories would have declined for the third consecutive week to their lowest pre-Memorial Day levels since 2014, ahead of peak summer travel and higher fuel demand.

via CNBC|

#business #fuel-demand #oil-prices