Crude Stockpiles

AAA

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.

INVESTOPEDIA EXPLAINS '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.

RELATED TERMS
  1. Tertiary Recovery

    A technique used to extract the remaining oil from previously ...
  2. Steam-Assisted Gravity Drainage ...

    Steam-assisted gravity drainage (SAGD) is a drilling technique ...
  3. Initial Production

    The measurement of an oil well's production at the outset. Initial ...
  4. Crude Oil

    A naturally occurring, unrefined petroleum product composed of ...
  5. Oil Reserves

    An estimate of the amount of crude oil located in a particular ...
  6. Enhanced Oil Recovery - EOR

    Enhanced oil recovery (EOR) is the process of obtaining stranded ...
RELATED FAQS
  1. If oil producers run out of room to store oil, will the price of gasoline plummet?

    The price of gasoline would plummet if oil producers run out of room to store oil. However, running out of room to store ... Read Full Answer >>
  2. How can traders use contango to take advantage of the storage shortage for crude ...

    Traders with access to physical oil and storage can make substantial profits in a contango market. Other traders may seek ... Read Full Answer >>
  3. What other precious metals are there beyond gold and silver?

    Besides gold and silver, the other precious metals are platinum, palladium, ruthenium, rhodium, osmium, rhenium, germanium, ... Read Full Answer >>
  4. What countries have the largest gold reserves?

    The United States holds the largest stockpile of gold reserves in the world by a considerable margin. In fact, the U.S. government ... Read Full Answer >>
  5. What commodities are not tradable?

    As of February 2015, commodities that are not tradable include diamonds, tomatoes, carbon dioxide, lemons, eggs, potatoes, ... Read Full Answer >>
  6. How does the price of oil affect Venezuela's economy?

    The price of oil is one of the most heavily watched trends in economics, as it has an effect on the economies of every nation ... Read Full Answer >>
Related Articles
  1. Home & Auto

    Getting A Grip On The Cost Of Gas

    Feeling overwhelmed by rising oil prices? We offer some tips that will save you money.
  2. Active Trading

    Oil And Gas Industry Primer

    Before jumping into this hot sector, learn how these companies make their money.
  3. Active Trading

    What Determines Oil Prices?

    Changes in the price of oil aren't arbitrary. Read on to find out what moves them and why.
  4. Stock Analysis

    Occidental Petroleum: No Gas Stations, No Problem

    An in depth look at influential oil and gas company Occidental Petroleum.
  5. Mutual Funds & ETFs

    Are These 3 Alternative Energy ETFs Good Bets?

    Eyeing alternative energy? Consider these three ETFs to gain exposure.
  6. Investing

    How Saudi Arabia Benefits From Cheap Oil

    Since the middle of last summer oil prices have dropped significantly and many have wondered why the traditional "swing producer" Saudi Arabia has not intervened by cutting production.
  7. Investing

    How Oil Will React To A Revolution In Venezuela

    The downward trend of the price of oil over the past year is having devastating consequences for the Venezuelan economy, causing political unrest and increased opposition to the socialist Maduro ...
  8. Chart Advisor

    Commodity Traders Are Using This ETF To Invest In Livestock

    Strategic traders should be paying attention to the livestock markets.
  9. Economics

    Putin Says Russian Economy Healing - Is He Right?

    Putin claims the Russian economy has turned the corner. Is he right or is it just the oil price?
  10. Options & Futures

    How Low Can Oil Prices Go?

    Record low oil prices are a welcome development for consumers, but oil companies are struggling with choosing market share over profitability.

You May Also Like

Hot Definitions
  1. Capital Stock

    The common and preferred stock a company is authorized to issue, according to their corporate charter. Capital stock represents ...
  2. Unearned Revenue

    When an individual or company receives money for a service or product that has yet to be fulfilled. Unearned revenue can ...
  3. Trailing Twelve Months - TTM

    The timeframe of the past 12 months used for reporting financial figures. A company's trailing 12 months is a representation ...
  4. Subordinated Debt

    A loan (or security) that ranks below other loans (or securities) with regard to claims on assets or earnings. Also known ...
  5. International Financial Reporting Standards - IFRS

    A set of international accounting standards stating how particular types of transactions and other events should be reported ...
  6. Geometric Mean

    The average of a set of products, the calculation of which is commonly used to determine the performance results of an investment ...
Trading Center