Weekly Petroleum Status: Week of January 3rd
Commercial oil stocks fell -1.0 million bbls and are now down -4.1% YoY.
- Gasoline stocks jumped 6.3 million bbls but are still down -3.0% YoY.
- Domestic production comes in at 13.56 million b/d, a slight decrease from 13.57 million b/d the week before. The 4-week average production is still 2.5% higher than a year ago.
- Net imports increased as well and that 4-week average is up 15.6% YoY.