US Weekly Oil Data (With a summary of oil outlook for 2025 and 2026 in light of recent developments)

US Inventories, Exports, Imports, and Refinery Utilization (12 Charts).

April 9, 2025

IN DETAIL

• US crude oil inventories rose by 2.553 mb to 442.3 mb last week, per the EIA (Figure 1).

• Cushing inventories declined by 0.681 mb to 25.759 mb.

• US Strategic Petroleum Reserves grew by 0.276 mb to 396.7 mb.

• Gasoline inventories fell by 1.6 mb to 236 mb. Distillate inventories dropped by 3.544 mb to 111.1 mb.

• US crude imports decreased by 277 mb/d to 6.189 mb/d last week. Crude exports fell by 0.637 mb/d to 3.244 mb/d.

• The EIA estimated US oil demand at 19.481 mb/d, down 0.641 mb/d from the prior week.

• Refinery utilization rose from 86% to 86.7%, with gross crude inputs increasing from 15.689 mb/d to 15.912 mb/d.

EOA’s Main Takeaway