Here are some key charts based on data from United States’ Energy Information Agency (EIA) that explains the level of inventories, refinery demand, and production.
- Chart 1 shows crude oil production in the United States which has reached an all-time high. It rose last week to 10.369 million barrels per day last week compared to 10.283 million barrels per day in the week before.
- Chart 2 shows the level of U.S. distillate inventories. After a steady decline since 2015, the inventories have started rising against since December last year. However, according to the latest report, the inventory is at 137.426 million barrels.
- U.S. oil imports have been declining over the past couple of year. However, Chart 3 shows that imports rose last week to 8 million barrels per day.
- Chart 4 shows the level of U.S. crude oil exports, which has fallen from a record high of 2.113 million barrels per day. Last week export was 1.498 million barrels per day.
- Chart 5 shows U.S. refinery operating at 88 percent capacity.
- Chart 6 shows the level of crude oil inventories, which has declined around 108 million barrels since March 2017. Inventories have risen last week to 425.9 million barrels.
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