Weekly Petroleum Status Report: Week of March 21th
Crude oil stocks fell -3.3 million bbls last week, below the -1.6 million bbl draw. Oil stocks are down -3.3% YoY.
- Gas stocks fell -1.4 million bbls, mostly in line with the forecasted -1.6 million bbls draw. Stocks are up 3.0% YoY.
- Domestic production remains unchanged at 13.6 mil b/d.
- Net imports increased 845k b/d to 1.59 mil b/d, and the 4-week average is down -30.1% YoY.
- Refinery inputs were basically unchanged at 15.75 mil b/d, and the 4-week average is just -0.2% below a year ago.
- Products supplied fell -180k b/d to 19.2 mil b/d, and the 4-week average is up 0.5% YoY.