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
Keep reading with a 7-day free trial
Subscribe to Energy Outlook Advisors' Newsletter to keep reading this post and get 7 days of free access to the full post archives.