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U.S. Crude Inventories Hit Lowest Since December 2014 as Strategic Reserves Reach 43-Year Low

2026-07-23 06:32:29

According to the U.S. Energy Information Administration, crude inventories in the Midwest fell to the lowest level since December 2014 as of the week ending July 17. Strategic petroleum reserves dropped to the lowest since March 1983, while domestic crude output recorded its steepest weekly decline since late January. In related developments, Qatar's state energy company reportedly extended force majeure for liquefied natural gas through mid-October, and Greece-based shipping company Dynagas was approved under new EU sanctions on Russia to continue transporting Russian LNG. Iran reported three tankers were blocked while transiting the Strait of Hormuz.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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