DOE reports energy inventories tick upward
December 30, 2025
The DOE inventory report released yesterday late in the afternoon. It had crude oil inventories up 410,000 barrels, gasoline inventories up 2.9 million barrels and distillates up 202,000 barrels. The builds across the board helped to pull the market back some, but prices still finished higher. Geopolitical news has dominated the headlines and is supporting prices.
The crude inventories were up 410,000 barrels to a total of 424.822 and last year they were 416.779 and the 3-year average is 424.100.
Gasoline supplies were up 2.86 million barrels, putting total supplies at 228.489 million barrels and last year they were 223.667, and the 3-year average is 224.243.
Distillate supplies were up 202,000 barrels, putting total supplies at 118.72 million barrels and last year they were 117.702, and the 3-year average is 116.461 million barrels.
Propane inventories were down 459,000 barrels, putting total inventories at 99.539 million. Last year they were 85.043 million and the 5-year average is 79.657.
Midwest inventories were down 1.302 million barrels putting total Midwest stocks at 24.494 million barrels and last year they were 25.796 and the 5-year average is 22.699.
Gulf Coast inventories were up 775,000 barrels, putting total stocks at 61.963 million and last year they were 61.188 million and the 5-year average is 44.267.
President Trump said that the US had taken out a loading facility in Venezuela that shipped drugs to the US. He also said the US is prepared to attack Iran again if it resumes its nuclear program.
OPEC is scheduled to meet this weekend, and the expectation is that they will stick to a planned pause in increasing production as they fear an oversupplied market in 2026.