US Weekly Oil Data
US Inventories, Exports, Imports, and Refinery Utilization (12 Charts).
January 30, 2025
EOA’s Main Takeaway
Crude, gasoline, and distillate inventories have followed their historical trends. However, the decline in distillate inventories was higher than usual. Even so, we should take these numbers with grains of salt because they are influenced by the freezing weather that shut down some refineries. We will know in the coming weeks if US oil demand is growing. For updated oil market outlook, see:
2025 Oil Market Outlook: An Update
·
After two years of divergent forecasts, the IEA, OPEC, and EIA's 2025 global economic growth predictions are surprisingly close, though differences between OPEC and the IEA remain relatively large. Interestingly, these forecasts align closely with ours.