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 2 mb/d. However, YTD is still lower than that of last year by about 400,000 b/d. 

• The government added 0.6 mb of sour crude to the SPR last week.

• The “adjustment” remains high, indicating that the EIA fix was only partial.

IN DETAIL