US Weekly Oil Data
US Inventories, Exports, Imports, and Refinery Utilization (Two Tables and 10 Charts)
MAIN TAKEAWAY
According to weekly data from the Energy Information Administration (EIA), US oil demand remains robust near 21 mb/d, which is higher than demand in the same period a year ago by about 1.7 mb/d.
The EIA reported a large increase in crude, gasoline, and distillate inventories. This is normal after hurricanes.
The government added 0.3 mb of sour crude to the SPR last week.
The “adjustment” declined drastically. Again, the issue is not just the high numbers, it is also the large swings.