Thu, Jan 23, 2025 · 10:00 AM ET
Next release · Nov 11, 10:30 AM ET
The EIA reported commercial oil stocks down -1.02 million bbls last week, below expectations of a -2.10 million bbls draw. The 52-week average of oil stocks is down -2.6% YoY and -3.4% below the 5-year average. Motor gasoline inventories, on the other hand, increased 2.3 million bbls.
Domestic production was basically unchanged at 13.48 million b/d. The 52-week average of production is up 5.1% YoY. Net imports were up 184k b/d and in the last 4-weeks, imports were higher by 32.8% than a year ago.
Products supplied dropped -1.08 million b/d to 19.60 million b/d. Despite the decline, the 4-week average is basically tracking with a year ago, up just 0.7% YoY.
