Ending Stocks of Crude Oil and Petroleum Products Reach All-Time High

On July 17, 2020, according to Energy Information Administration (EIA) data, inventories of crude oil and petroleum products exceeded 2.1 trillion barrels. A significant part of this inventory build was in managing ongoing excess production. Unfortunately, such high inventories will only continue to curb crude and refined product pricing.

For more information on these inventories, please visit our current fuel market pricing page.