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.

IN DETAIL