US Weekly Oil Data
US Inventories, Exports, Imports, and Refinery Utilization (12 Charts).
FEBRUARY 20, 2025
EOA’s Main Takeaway
Although inventories followed historical trends, crude inventories were below the 5-year average and 2024 levels, distillate inventories were below the 5-year range, and Cushing inventories remained below the 5-year range. Oil demand exceeded 2024 levels.
We expect crude inventories to rise and gasoline inventories to fall. We are not seeing any significant increase in activities in imports and exports, indicating that President trump will not impose tariffs on oil imports.