Weekly Petroleum Status Report: Week of April 11th
US crude oil stocks grew 515k bbls last week, roughly in line with expectations. Total stocks are up 1.8% YoY, an improvement over -3.3% YoY the week before.
- Gas stocks fell -2.0 mil bbls, slightly more than expected, and are up 2.9% YoY (prev 3.3% YoY).
- Domestic production was basically unchanged at 13.46 mil b/d, and the 4-week average is up 3.2% YoY.
- Net imports fell -2.0 mil b/d to just 901k b/d, and the 4-week average is lower by -24.2% YoY.
- Refinery inputs fell -64k b/d to 15.6 mil b/d, and the 4-week average is down -1.6% YoY.
- Total product supplied fell slightly to 19.1 mil b/d, and the 4-week average is down -1.7% YoY (prev -1.9% YoY)