FxWirePro: Key charts explaining crude oil inventories and production report of EIA

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 10.381 million barrels per day last week compared to 10.369 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 again since December last year. However, according to the latest report, the inventory is at 133.066 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 7.585 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 1.487 million barrels per day.
   
• Chart 5 shows U.S. refinery operating at 90 percent capacity.
   
• Chart 6 shows the level of crude oil inventories, which has declined around 103 million barrels since March 2017. Inventories have risen last week to 430.93 million barrels.

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