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U.S. Weekly Oil & Product Storage
Oil Reacting to OPEC Moreso Than EIA Numbers
Jeff Davies
September 05, 2024
Highlights For the Week
Total U.S. commercial oil & products dropped by 8.01 million barrels. U.S. commercial oil stocks dropped by 6.87 million barrels. The U.S. SPR rose by 1.76 million barrels. . On the product side, gasoline stocks rose by 0.85 million barrels. Diesel stocks dropped by 0.37 million barrels.
Total products supplied were 20.5 million barrels, up 12.9% versus last year. Imports were lower by 149,000 barrels. Exports were higher by 763,000 barrels per day.
U.S. oil production was 13.3 million barrels, flat on the week.
