Crude Stockpiles

DEFINITION of 'Crude Stockpiles'

Reserves of unrefined petroleum, measured in numbers of barrels. Oil producers use crude stockpiles to smooth out the impact of changes in supply and demand. Inventory levels are affected by OPEC's production decisions, political events, tax policy changes and other factors. Inventory levels affect the price of oil, with higher inventories leading to lower prices.

BREAKING DOWN 'Crude Stockpiles'

A major storage center for crude stockpiles in the United States is located in Cushing Oklahoma. The global strategic petroleum reserves have stockpiles around the world, including several locations in the U.S., for use during an energy crisis.

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RELATED FAQS
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    Leading indicators for oil and gas investments are centered around the levels of production, consumer demand and inventory ... Read Answer >>
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    As with most matters related to generally accepted accounting principles (GAAP), accountants assigned with the task of applying ... Read Answer >>
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    Learn about days sales of inventory and what it measures; understand why an investor would want to know a company's days ... Read Answer >>
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    Learn how to analyze inventory using financial statements and footnotes by doing ratio analysis and performing qualitative ... Read Answer >>
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    For a couple of key reasons, average inventory can be a better and more accurate measure when calculating the inventory turnover ... Read Answer >>
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