US Weekly Oil Data

US Inventories, Exports, Imports, and Refinery Utilization (Two Tables and 10 Charts)

MAIN TAKEAWAY

• According to the weekly data of the Energy Information Administration (EIA), US oil demand remains robust with 1.36 mb/d above last year for the same period (See Figure (10).

• It also reported a large decrease in crude oil inventories. We are only 24 mb away from a critical point with inventories going below 400 mb.

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

• The adjustment remains low.

IN DETAIL