Energy Outlook Advisors' Newsletter

Energy Outlook Advisors' Newsletter

US Weekly Oil Data

US Inventories, Exports, Imports, and Refinery Utilization (Two Tables and 9 Charts)

Anas Alhajji's avatar
Anas Alhajji
Aug 23, 2023
∙ Paid

MAIN TAKEAWAY

  • According to the weekly data of the Energy Information Administration (EIA), US oil demand remains robust despite the decline of 0.5 mb/d from prior weeks.

  • It also reported a decrease in crude oil inventories. The decrease was more than double the average estimate.

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

  • The adjustment remains relatively low.

IN DETAIL

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