FxWirePro: Daily Commodity Tracker - 21st March, 2022 
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 a new record high of 9.658 million barrels per day.
- Chart 2 has been making the refiners around the world cheer and filling OPEC with joy as it shows that distillate inventories have declined significantly and fallen below 5-year average. It is at 125.03 million barrel. Last week, there was a build of 0.27 million barrels.
- U.S. oil imports have been declining over the past couple of year. Chart 3 shows that imports have fallen well below 5-year average thanks to the hurricane season and devastating effects of Harvey, Irma, and Nate. It is showing signs of a rebound. However, last week, imports declined to 7.873 million barrels.
- Chart 4 shows the level of U.S. crude oil exports, which has declined sharply two weeks ago to 0.869 million barrels per day from a record high of 2.113 million barrels per day in the previous week has now recovered to 1.591 million barrels per day.
- Chart 5 shows U.S. refinery demand, which suffered a major blow during Hurricane Harvey and the like of Hurricane Nate is stabilizing. Yesterday’s report shows it at 16.838 million barrels per day.
- Chart 6 shows the level of crude oil inventories, which has declined around 78 million barrels since March to 457.14 million barrels.
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