US Weekly Oil Data

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

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