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’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 new all-time high. It was last week at 10.9 million barrels per day same as last two weeks.
   
• Chart 2 shows the level of U.S. distillate inventories. It has been declining rapidly. According to the latest report, the inventory rose to 117.4 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 8.36 million barrels per day.
   
• Chart 4 shows the level of U.S. crude oil exports, which rose last week to reach a record high of 3 million barrels per day.
   
• Chart 5 shows U.S. refinery operating at 97.5 percent capacity, the highest level in more than a decade.
   
• Chart 6 shows the level of crude oil inventories, which has declined by 117.3 million barrels since its peak in April 2017. Inventories have declined last week to 416.6 million barrels.