Weekly Petroleum Status: Week of December 20th
Commercial crude oil stockpiles fell -4.2 million bbls last week, a stronger decline than expected, and are down -4.5% YoY.
- Alternatively, gasoline stockpiles increased 1.6 million bbls, above expectations of a decline, but were down -1.1% YoY.
- Domestic production was mostly unchanged at 13.6 million b/d, up from 13.3 million b/d a year ago.
- Net imports jumped 995k b/d to 2.75 million b/d.
- Products supplied increased 1.01 million b/d to 21.8 million b/d. The four-week average at 20.7 million b/d is just -0.1% below the same period a year ago.