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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 a new all-time high. It rose last week to 10.54 million barrels per day last week compared to 10.525 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 declined to 125.34 million barrels.
     
  • U.S. oil imports have been declining over the past couple of year. However, Chart 3 shows that imports declined sharply last week to 7.93 million barrels per day.
     
  • Chart 4 shows the level of U.S. crude oil exports, which after reaching a new record high of 2.175 million barrels per day earlier this month; it declined to 1.749 million barrels per day.
     
  • Chart 5 shows U.S. refinery operating at 92.4 percent capacity.
     
  • Chart 6 shows the level of crude oil inventories, which has declined around 105 million barrels since March 2017. Inventories have declined last week to 427.57 million barrels.

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