• FxWirePro: key charts explaining Crude Oil inventories and production report of EIA

    Source: FxWire Pro - Commentary / 24 May 2018 11:21:40   America/New_York

    Here are some key charts based on data from United States’ Energy Information Agency’s (EIA) latest report that explains the level of inventories, refinery demand, and production.

    • Chart 1 shows crude oil production in the United States which has reached a new all-time high. It rose last week to 10.725 million barrels per day last week compared to 10.723 million barrels per day in the week before.
       
    • Chart 2 shows the level of U.S. distillate inventories. It has been declining rapidly. According to the latest report, the inventory declined to 114 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 8.16 million barrels per day.
       
    • Chart 4 shows the level of U.S. crude oil exports, which declined last week to 1.75 million barrels per day after reaching a new record high of 2.566 million barrels per day in the previous week.
       
    • Chart 5 shows U.S. refinery operating at 91.8 percent capacity.
       
    • Chart 6 shows the level of crude oil inventories, which has declined around 92 million barrels since March 2017. Inventories have risen last week to 438.1 million barrels.

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