{"id":42608,"date":"2022-07-01T14:00:00","date_gmt":"2022-07-01T18:30:00","guid":{"rendered":"https:\/\/inspenet.com\/noticias\/oil-rises-further-as-api-reports-large-crude-oil-extraction\/"},"modified":"2022-07-07T15:31:35","modified_gmt":"2022-07-07T20:01:35","slug":"oil-rises-further-as-api-reports-large-crude-oil-extraction","status":"publish","type":"noticias","link":"https:\/\/inspenet.com\/en\/news\/oil-rises-further-as-api-reports-large-crude-oil-extraction\/","title":{"rendered":"Oil rises further as API reports large crude oil extraction"},"content":{"rendered":"\n<p><strong>By<\/strong>: Franyi Sarmiento, Ph.D., Inspenet, July 1, 2022<\/p>\n\n<p>The American Petroleum Institute (API) reported a large drop this week for crude oil of 3.799 million barrels, while analysts were forecasting a drop of 110,000 barrels.<\/p>\n\n<p>This comes as the Department of Energy released 6.9 million barrels from Strategic Petroleum Reserves in the week ending June 24.<\/p>\n\n<p>U.S. crude inventories have lost about 71 million barrels since the beginning of 2021 and about 15 million barrels since the beginning of 2020, according to API data.<\/p>\n\n<p>In the previous week, the API reported an increase in crude oil inventories of 5.607 million barrels, the largest increase since February, after analysts forecast a draw of 1.433 million barrels.<\/p>\n\n<p>This week, the API reported a build in gasoline inventories of 2.852 million barrels for the week ending June 24, up from a build of 1.216 million barrels the previous week.<\/p>\n\n<p>Distillate stocks recorded an inventory build of 2.613 million barrels for the week, compared to a decrease of 1.656 last week. Cushing saw a decline of 650,000 barrels this week, compounding last week&#8217;s decline.<\/p>\n\n<p>This material from the Pa\u00eds Minero portal was edited for clarity, style and length.<\/p>\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.paisminero.co\/petroleo\/hidrocarburos\/25031-el-petroleo-sube-aun-mas-a-medida-que-api-informa-una-gran-extraccion-de-crudo\" target=\"_blank\" rel=\"noopener\">https:\/\/www.paisminero.co\/petroleo\/hidrocarburos\/25031-el-petroleo-sube-aun-mas-a-medida-que-api-informa-una-gran-extraccion-de-crudo<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By: Franyi Sarmiento, Ph.D., Inspenet, July 1, 2022.<br \/>\nThe American Petroleum Institute (API) reported a large drop this week for crude oil of 3.799 million barrels, while analysts were forecasting a drop of 110,000 barrels.<\/p>\n","protected":false},"author":838,"featured_media":42042,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categoria_noticias":[13026,13036],"etiqueta_noticias":[],"class_list":["post-42608","noticias","type-noticias","status-publish","has-post-thumbnail","hentry","categoria_noticias-energy","categoria_noticias-oil-and-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/42608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias"}],"about":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/types\/noticias"}],"author":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/users\/838"}],"replies":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/comments?post=42608"}],"version-history":[{"count":0,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/42608\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media\/42042"}],"wp:attachment":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media?parent=42608"}],"wp:term":[{"taxonomy":"categoria_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/categoria_noticias?post=42608"},{"taxonomy":"etiqueta_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/etiqueta_noticias?post=42608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}