Viewing entries tagged
Petroleum Status Report

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42 ticks potential profit in 87 seconds on 21 May 2025, analysis on futures news trading crude oil on DOE Petroleum Status Report data

According to our analysis crude oil moved 42 ticks on DOE Petroleum Status Report data on 21 May 2025.

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U.S. Weekly Petroleum Update: Refinery Activity Rises, Inventories Continue to Build

Published: May 21, 2025

The U.S. Energy Information Administration’s (EIA) latest weekly petroleum data, covering the week ending May 16, 2025, reveals a modest uptick in refinery operations and a continued rise in inventories across several fuel categories, even as product demand shows year-over-year declines.

Refinery Inputs and Production

U.S. crude oil refinery inputs averaged 16.5 million barrels per day, an increase of 89,000 barrels per day compared to the previous week. Refineries operated at 90.7% capacity, maintaining a strong operational pace heading into the summer driving season.

Fuel production also saw gains:

  • Gasoline production rose to an average of 9.6 million barrels per day.

  • Distillate fuel production increased significantly, up 131,000 barrels per day to an average of 4.7 million barrels per day.

Imports on the Rise

Crude oil imports increased notably, averaging 6.1 million barrels per day, up 247,000 barrels per day from the week prior. Despite the weekly increase, the four-week average of 5.9 million barrels per day still lags 13.5% behind the same period last year.

Other key import figures:

  • Motor gasoline imports averaged 747,000 barrels per day.

  • Distillate fuel imports averaged 141,000 barrels per day.

Inventory Levels Continue to Climb

Commercial petroleum inventories grew across the board last week:

  • Crude oil inventories (excluding the Strategic Petroleum Reserve) rose by 1.3 million barrels, totaling 443.2 million barrels. This places current stockpiles about 6% below the five-year seasonal average.

  • Motor gasoline inventories increased by 0.8 million barrels, now standing about 2% below the five-year average.

  • Distillate fuel inventories rose by 0.6 million barrels, though they remain 16% below the seasonal norm.

  • Propane/propylene inventories surged by 2.7 million barrels, but still sit 7% below average levels.

In total, commercial petroleum inventories rose by 4.9 million barrels.

Product Demand Trends

Despite the increases in production and inventory, product demand remains soft:

  • Total products supplied averaged 19.6 million barrels per day over the past four weeks, a 2.8% decrease from the same period last year.

  • Motor gasoline demand dipped by 1%, averaging 8.8 million barrels per day.

  • Distillate fuel demand saw a sharper drop of 4.2%, averaging 3.6 million barrels per day.

  • On a brighter note, jet fuel demand climbed 4% year-over-year.

Takeaway

The latest data points to a petroleum market that is stabilizing in supply but facing persistent demand headwinds. With refinery utilization high and inventories rising, the market may be well-positioned for summer travel season, but muted year-over-year product demand could temper price pressures in the near term.

Stay tuned for more updates and analysis as the season progresses.

Disclaimer: This blog post is for informational purposes only and should not be construed as financial advice. Always conduct thorough research and consider seeking advice from a financial professional before making any investment decisions.

Source: https://ir.eia.gov/wpsr/wpsrsummary.pdf

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19 ticks potential profit in 93 seconds on 23 April 2025, analysis on futures news trading crude oil on DOE Petroleum Status Report data

According to our analysis crude oil moved 19 ticks on DOE Petroleum Status Report data on 23 April 2025.

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U.S. Weekly Petroleum Snapshot – April 18, 2025

The U.S. petroleum landscape for the week ending April 18, 2025, reveals a dynamic balance of supply, demand, and prices amid seasonal transitions and evolving energy trends. Let’s break down the latest Weekly Petroleum Status Report from the U.S. Energy Information Administration (EIA).

Refinery Operations and Output

U.S. crude oil refinery inputs averaged 15.9 million barrels per day, rising by 326,000 barrels per day compared to the previous week. Refineries operated at 88.1% of their operable capacity, reflecting an uptick as refineries ramp up ahead of peak driving season.

  • Gasoline production: Rose to 10.1 million barrels/day

  • Distillate fuel production: Dropped slightly to 4.6 million barrels/day

Imports and Inventories

Crude oil imports fell notably:

  • Crude imports: Dropped to 5.6 million barrels/day, down 412,000 from the previous week

  • Four-week average: 6.1 million barrels/day, 6.8% lower than last year

Meanwhile, inventory trends showed a mixed bag:

  • Crude oil inventories (excluding SPR): Up by 0.2 million barrels to 443.1 million barrels, still 5% below the five-year seasonal average

  • Gasoline inventories: Down 4.5 million barrels, now 3% below average

  • Distillate inventories: Down 2.4 million barrels, a significant 13% below average

  • Propane/propylene: Up 2.3 million barrels, but 7% below average

  • Total commercial petroleum inventories: Declined 0.7 million barrels

Product Demand

Demand remained relatively strong:

  • Total products supplied: Averaged 19.9 million barrels/day, up 0.4% year-over-year

  • Gasoline supplied: 8.7 million barrels/day, slightly down (0.4%) from last year

  • Distillate fuel supplied: 3.9 million barrels/day, up a robust 12.8%

  • Jet fuel supplied: Surged 13.8%, signaling increased air travel demand

Retail Fuel Prices

Prices continued their downward trend:

  • Regular gasoline: Averaged $3.141/gallon, down $0.027 from last week and $0.527 below last year

  • Diesel fuel: Averaged $3.534/gallon, down $0.045 week-over-week and $0.458 below year-ago levels

Looking Ahead

The report suggests a seasonal tightening in gasoline inventories even as production ramps up. Meanwhile, strong distillate and jet fuel demand reflects broader economic activity. Retail fuel prices remain considerably lower than in 2024, which could support continued consumer travel and freight movement into the summer.

Refiners appear to be preparing for peak season with increased utilization and production. However, below-average inventories in key product categories may make markets more sensitive to disruptions or spikes in demand.

Conclusion With gasoline inventories dropping and demand for jet and distillate fuels rising sharply, all eyes are on how refiners and importers respond heading into summer. Continued lower prices at the pump are welcome news for consumers, though tightening supply conditions warrant close monitoring.

Disclaimer: This blog post is for informational purposes only and should not be construed as financial advice. Always conduct thorough research and consider seeking advice from a financial professional before making any investment decisions.

Source: https://www.eia.gov/petroleum/supply/weekly/archive/2025/2025_04_23/pdf/highlights.pdf

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29 ticks potential profit in 29 seconds on 9 April 2025, analysis on futures news trading crude oil on DOE Petroleum Status Report data

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U.S. Petroleum Market Snapshot – Week Ending April 4, 2025

The U.S. Energy Information Administration’s latest Weekly Petroleum Status Report offers a detailed overview of refinery activity, inventory shifts, import levels, and product supply trends. The data highlights a broadly steady refining environment with subtle but important changes in stock levels and product flows.

Refinery Activity

During the week ending April 4, 2025, U.S. crude oil refinery inputs averaged 15.6 million barrels per day. This represents a slight increase of 69,000 barrels per day compared to the previous week. Refineries operated at 86.7% of operable capacity, nearly unchanged from the prior week's 86.6%, but lower than the 88.3% level recorded during the same period last year.

Production of key refined products showed a week-over-week decline. Motor gasoline production averaged 8.9 million barrels per day, while distillate fuel oil production averaged 4.7 million barrels per day—both lower than the previous week’s figures and also below year-ago levels.

Crude Oil and Product Imports

U.S. crude oil imports averaged 6.2 million barrels per day, a decrease of 277,000 barrels per day from the prior week. Over the last four weeks, imports have averaged 6.1 million barrels per day, 6.9% less than during the same period last year.

Motor gasoline imports last week averaged 778,000 barrels per day, while distillate fuel imports came in at 69,000 barrels per day.

Net imports over the past four weeks averaged:

  • Crude oil: 1.96 million barrels per day

  • Petroleum products: -4.95 million barrels per day

  • Total: -2.98 million barrels per day

Inventory Changes

Commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), increased by 2.6 million barrels, reaching a total of 442.3 million barrels. This level is approximately 5% below the five-year average for this time of year.

Motor gasoline inventories decreased by 1.6 million barrels to 236.0 million barrels, which is in line with the five-year average. Within that category, finished gasoline stocks increased, while blending component inventories decreased.

Distillate fuel inventories dropped significantly, falling by 3.5 million barrels to 111.1 million barrels. These inventories are now about 9% below the five-year average. Propane/propylene inventories rose by 1.5 million barrels but remain 5% below the seasonal norm.

Total commercial petroleum inventories increased modestly by 1.2 million barrels over the week.

Product Supplied

The four-week average for total products supplied—a proxy for demand—was 19.6 million barrels per day, down 1.9% compared to the same period last year.

Motor gasoline product supplied averaged 8.6 million barrels per day over the past four weeks, down 2.8% from the same period last year. In contrast, distillate fuel oil product supplied rose by 7.3% to 3.8 million barrels per day. Jet fuel product supplied also increased, up 5.2% year-over-year.

This data reflects ongoing structural shifts in supply and demand across key fuel categories and underscores the importance of monitoring both production levels and inventory trends.

Disclaimer: This blog post is for informational purposes only and should not be construed as financial advice. Always conduct thorough research and consider seeking advice from a financial professional before making any investment decisions.

Source: https://www.eia.gov/petroleum/supply/weekly/archive/2025/2025_04_09/pdf/highlights.pdf

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33 ticks potential profit in 29 seconds on 15 May 2024, analysis on futures forex fx low latency news trading crude oil on DOE Petroleum Status Report data

According to our analysis crude oil moved 33 ticks on DOE Petroleum Status Report data on 15 May 2024.

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Analyzing the Latest Trends in U.S. Petroleum Data as of May 2024

The latest Weekly Petroleum Status Report from the U.S. Energy Information Administration provides key insights into the petroleum market for the week ending May 10, 2024. As energy markets fluctuate, this data is crucial for understanding the current state of supply, demand, and pricing within the sector.

Refinery Inputs and Capacity Utilization

U.S. crude oil refinery inputs showed a significant increase, averaging 16.3 million barrels per day, up by 307,000 barrels from the previous week. This indicates a robust demand for refining capacity, which operated at an impressive 90.4% of its total available capacity. This high utilization rate suggests that refineries are ramping up operations possibly in response to anticipated demand or attractive margins on refined products.

Production Increases

Both gasoline and distillate fuel production saw increases last week. Gasoline production rose to an average of 9.7 million barrels per day, while distillate fuel production, which includes diesel and heating oil, also increased to 4.8 million barrels per day. These increases are indicative of refineries adjusting outputs to meet shifting market demands or to replenish inventories.

Import and Inventory Shifts

Interestingly, U.S. crude oil imports averaged 6.7 million barrels per day last week, marking a decrease of 226,000 barrels per day compared to the previous week. Over the last four weeks, however, imports have shown an overall increase of 7.1% compared to the same period last year. This rise could be attributed to various factors including pricing arbitrage opportunities or efforts to bolster reserves.

U.S. commercial crude oil inventories decreased by 2.5 million barrels, underscoring a drawdown that positions current stocks about 4% below the five-year average for this time of year. This reduction in crude inventories could be a sign of stronger demand or a strategic inventory management by market participants.

Fuel Stock and Prices

While total motor gasoline inventories slightly declined, distillate fuel inventories experienced a slight decrease, staying about 7% below the five-year average. This lower inventory level for distillates might signal tightness in the diesel market, possibly leading to higher future prices if the trend continues.

Propane/propylene inventories increased by 2.9 million barrels and are notably 14% above the five-year average. This could be due to lower demand or increased production, leading to higher stocks.

Price Movements

The price for West Texas Intermediate crude settled at $79.81 per barrel, marking a modest increase from the previous week and a significant rise compared to last year. Retail gasoline prices have seen a decline from last week, although they remain slightly higher than the previous year's figures. This could reflect the recent changes in crude prices and refinery outputs.

Conclusion

The data from the week ending May 10, 2024, highlights several important trends in the U.S. petroleum market. Increased refinery output and capacity utilization coupled with fluctuating imports and inventories suggest a dynamic market adjusting to both domestic and international pressures. Prices are reflecting these shifts, with notable implications for consumers and businesses alike. As the market continues to evolve, it will be important to monitor these trends for a deeper understanding of the broader economic landscape influenced by energy commodities.

Source: https://www.eia.gov/petroleum/supply/weekly/pdf/highlights.pdf

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38 ticks potential profit in 3 seconds on 10 April 2024, analysis on futures forex fx low latency news trading crude oil on DOE Petroleum Status Report data

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Analyzing the Latest Trends in the U.S. Petroleum Status for Early April 2024

The U.S. Energy Information Administration's Weekly Petroleum Status Report for the week ending April 5, 2024, provides critical insights into the country's petroleum industry, reflecting changes in refinery operations, stock levels, imports, and pricing that signify broader economic and operational trends. This analysis deciphers the key highlights and their potential implications for the market and consumers.

Refinery Inputs and Operations

U.S. crude oil refinery inputs averaged 15.8 million barrels per day, a slight decline from the previous week, indicating a minor adjustment in refining activity. This corresponds with refineries operating at 88.3% of their operable capacity, a marginal increase from the week before, yet noteworthy for understanding the refining sector's response to market demand.

Production and Stock Levels

The report highlights a decrease in gasoline production, now averaging 9.4 million barrels per day, and an increase in distillate fuel production, averaging 4.6 million barrels per day. This shift suggests a nuanced balancing act by refineries to meet the diverse demands of the market, where gasoline sees a slight pullback, and distillate fuels, crucial for industrial and heating purposes, see an uptick.

U.S. commercial crude oil inventories experienced a notable increase of 5.8 million barrels, suggesting a temporary oversupply or decreased demand. This adjustment brings inventories slightly below the five-year average for this time of year, indicating a relatively stable stock level amidst fluctuating market dynamics.

Imports and Product Supplied

A dip in crude oil imports to an average of 6.4 million barrels per day reflects the global interplay of supply chains affecting U.S. oil stocks. The decrease in total motor gasoline imports and a marginal rise in distillate fuel imports further underscore the shifting landscape of domestic consumption versus import reliance.

The four-week average of products supplied to the market slightly decreased, indicating a minor reduction in overall petroleum product demand compared to the same period last year. This subtle shift could signal changes in consumer behavior or broader economic trends influencing energy consumption.

Pricing Dynamics

Crude oil and petroleum product prices offer a lens into the market's supply and demand balance. West Texas Intermediate crude oil saw a price increase to $87.69 per barrel, reflecting tighter supply or increased demand conditions. Similarly, the rise in the spot prices for gasoline and heating oil in New York Harbor points to regional demand pressures or supply constraints.

The national average retail prices for gasoline and diesel fuel, both showing moderate changes from the previous week, paint a picture of the retail fuel market's response to upstream price movements and demand factors.

Conclusion

The early April 2024 snapshot of the U.S. petroleum status delineates a complex interplay of refinery operations, stock adjustments, imports, and price movements. These indicators not only reflect the current state of the petroleum sector but also offer insights into potential economic, environmental, and consumer trends. As the market continues to adapt to varying demand levels and supply chain challenges, stakeholders across the spectrum will be watching closely to navigate the volatile energy landscape effectively.

Source: https://www.eia.gov/petroleum/supply/weekly/pdf/highlights.pdf

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29 ticks potential profit in 14 seconds on 13 March 2024, analysis on futures forex fx low latency news trading crude oil on DOE Petroleum Status Report data

According to our analysis crude oil moved 29 ticks on DOE Petroleum Status Report data on 13 March 2024.

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Analyzing the Latest Weekly Petroleum Status Report: Trends and Impacts

The Energy Information Administration (EIA) has released its Weekly Petroleum Status Report for the week ending March 8, 2024, providing key insights into the U.S. petroleum market's dynamics. This analysis aims to decode the numbers, examining refinery operations, inventory levels, imports, prices, and what these trends indicate for consumers and the broader energy sector.

U.S. Refinery Inputs and Production Levels

Refinery operations have seen an uptick, with crude oil inputs averaging 15.7 million barrels per day, marking a 390,000 barrels per day increase from the prior week. This surge pushes refinery utilization to 86.8% of their capacity, signaling a robust demand for petroleum products. Gasoline and distillate fuel production also rose, averaging 9.9 million and 4.6 million barrels per day, respectively, pointing towards a strengthening supply side in the market.

Imports and Inventory Levels

A notable shift occurred in crude oil imports, which averaged 5.5 million barrels per day last week, a significant decrease from the previous week. This change suggests a tightening in the global crude supply or shifts in U.S. import strategies. Conversely, the overall inventory levels depict a complex scenario: while crude oil inventories dropped by 1.5 million barrels, signaling a decrease in supply, propane/propylene inventories rose, indicating varied demand across different petroleum products.

Prices: A Mixed Bag for Consumers and Businesses

The price dynamics reveal a mixed impact for consumers and businesses. West Texas Intermediate (WTI) crude oil experienced a slight decrease, standing at $78.96 per barrel. Meanwhile, gasoline and heating oil spot prices saw a decline, potentially translating to modest relief for consumers at the pump. However, the national average retail prices for gasoline and diesel moved in opposite directions, highlighting the intricate balance between supply, demand, and geopolitical factors influencing the energy markets.

What This Means Moving Forward

The latest data from the EIA suggests a few key trends and their potential impacts:

  • Refinery Activity Increase: The rise in refinery inputs and capacity utilization points to an optimistic outlook for fuel supply in the domestic market. However, this increase must be sustained to meet growing demand as the economy continues to recover.

  • Inventory and Import Fluctuations: The drop in crude oil imports and certain inventory levels may raise concerns about supply tightness. Stakeholders should monitor these trends closely, as prolonged decreases could pressure prices upward.

  • Price Variability: The mixed signals in price movements underscore the volatile nature of the petroleum market. Consumers and businesses alike should remain prepared for fluctuations in fuel costs, which could impact spending and operational decisions.

Conclusion

The Weekly Petroleum Status Report paints a picture of a recovering but still volatile petroleum market. As the U.S. and global economies navigate post-pandemic landscapes, energy markets will continue to be at the mercy of supply and demand shifts, geopolitical tensions, and policy changes. Stakeholders, from consumers to industry leaders, must stay informed and agile, ready to adapt to the ever-changing energy landscape.

Source: https://www.eia.gov/petroleum/supply/weekly/pdf/highlights.pdf

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44 ticks potential profit in 62 seconds on 18 January 2024, analysis on futures forex fx low latency news trading crude oil on DOE Petroleum Status Report data

According to our analysis crude oil moved 44 ticks on DOE Petroleum Status Report data on 18 January 2024.

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The Weekly Petroleum Data for the week ending January 12, 2024, presents several key insights into the U.S. petroleum industry:

  1. Refinery Inputs and Capacity: U.S. crude oil refinery inputs averaged 16.7 million barrels per day, an increase of 135 thousand barrels per day from the previous week. Refineries operated at 92.6% of their operable capacity.

  2. Production Changes:

    • Gasoline Production: Decreased, averaging 9.4 million barrels per day.

    • Distillate Fuel Production: Also decreased, averaging 4.9 million barrels per day.

  3. Crude Oil Imports: Averaged 7.4 million barrels per day, up by 1.2 million barrels from the previous week. Over the past four weeks, the average was 6.7 million barrels per day, 6.6% higher than the same period last year.

  4. Gasoline and Distillate Fuel Imports:

    • Gasoline imports averaged 549 thousand barrels per day.

    • Distillate fuel imports averaged 115 thousand barrels per day.

  5. Crude Oil Inventories:

    • Decreased by 2.5 million barrels from the previous week.

    • At 429.9 million barrels, they are around 3% below the five-year average for this time of year.

  6. Gasoline and Distillate Inventories:

    • Total motor gasoline inventories increased by 3.1 million barrels, slightly above the five-year average.

    • Distillate fuel inventories increased by 2.4 million barrels, about 3% below the five-year average.

    • Propane/propylene inventories decreased by 2.8 million barrels, 13% above the five-year average.

  7. Total Commercial Petroleum Inventories: Increased by 2.8 million barrels last week.

  8. Total Products Supplied: Over the last four weeks, it averaged 20.0 million barrels per day, a 1.3% increase from the same period last year. Notably:

    • Motor gasoline product supplied averaged 8.4 million barrels per day, up by 3.9%.

    • Distillate fuel product supplied averaged 3.4 million barrels per day, down by 5.6%.

    • Jet fuel product supplied was up 6.2%.

This report indicates a mixed dynamic in the U.S. petroleum market with changes in production, imports, and inventory levels.

Source: https://ir.eia.gov/wpsr/wpsrsummary.pdf

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50 ticks potential profit in 46 seconds on 28 December 2023, analysis on futures forex fx low latency news trading crude oil on DOE Petroleum Status Report data

According to our analysis crude oil moved 50 ticks on DOE Petroleum Status Report data on 28 December 2023.

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The summary of the Weekly Petroleum Data for the week ending December 22, 2023, presents several key points regarding the United States' petroleum industry:

  1. Crude Oil Refinery Inputs and Capacity:

    • U.S. crude oil refinery inputs averaged 16.6 million barrels per day, an increase of 109 thousand barrels per day compared to the previous week.

    • Refineries operated at 93.3% of their operable capacity.

  2. Production of Gasoline and Distillate Fuel:

    • Gasoline production increased, averaging 10.0 million barrels per day.

    • Distillate fuel production also increased, averaging 5.1 million barrels per day.

  3. Crude Oil and Petroleum Product Imports:

    • U.S. crude oil imports averaged 6.3 million barrels per day, a decrease of 415 thousand barrels per day from the previous week.

    • Over the past four weeks, crude oil imports averaged about 6.7 million barrels per day, 8.2% higher than the same period last year.

    • Motor gasoline imports averaged 521 thousand barrels per day, and distillate fuel imports averaged 238 thousand barrels per day.

  4. Inventory Levels:

    • U.S. commercial crude oil inventories (excluding Strategic Petroleum Reserve) decreased by 6.9 million barrels from the previous week.

    • At 436.6 million barrels, inventories are approximately 1% below the five-year average for this time of year.

    • Motor gasoline inventories decreased by 0.6 million barrels and are around 2% below the five-year average.

    • Distillate fuel inventories increased by 0.8 million barrels but are about 9% below the five-year average.

    • Propane/propylene inventories decreased by 3.7 million barrels, yet they are 13% above the five-year average.

    • Total commercial petroleum inventories decreased by 17.3 million barrels.

  5. Product Supply and Demand:

    • Total products supplied over the last four weeks averaged 20.7 million barrels a day, down by 0.5% from the same period last year.

    • Motor gasoline product supplied averaged 8.8 million barrels a day, up by 1.6% from the same period last year.

    • Distillate fuel product supplied averaged 3.8 million barrels a day, up by 0.8% from last year.

    • Jet fuel product supplied increased

Source: https://ir.eia.gov/wpsr/wpsrsummary.pdf

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49 ticks potential profit in 55 seconds on 18 October 2023, analysis on futures forex fx low latency news trading crude oil on DOE Petroleum Status Report data

According to our analysis crude oil moved 49 ticks on DOE Petroleum Status Report data on 18 October 2023.

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In recent trading sessions, two significant crude oil benchmarks, West Texas Intermediate (WTI) and Brent crude oil, have experienced notable price movements. WTI has moved up 22 ticks, and Brent has increased by 27 ticks. These price shifts reflect the complex interplay of factors such as global demand, geopolitical tensions, supply concerns, economic recovery, and environmental policies.

One crucial aspect influencing these oil price movements is the weekly Petroleum Status Report for the United States, which provides insights into the nation's crude oil and petroleum product inventories, production rates, and consumption trends.

According to the most recent report for the week ending October 13, 2023:

  1. Crude Oil Refinery Inputs: U.S. crude oil refinery inputs averaged 15.4 million barrels per day during the week, showing an increase of 192 thousand barrels per day from the previous week. Refineries operated at 86.1% of their operable capacity during this period.

  2. Gasoline Production: Gasoline production increased last week, averaging 9.8 million barrels per day.

  3. Distillate Fuel Production: Distillate fuel production decreased last week, averaging 4.7 million barrels per day.

  4. Crude Oil Imports: U.S. crude oil imports averaged 5.9 million barrels per day last week, a decrease of 387 thousand barrels per day from the previous week.

  5. Crude Oil Inventories: U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.5 million barrels from the previous week. At 419.7 million barrels, U.S. crude oil inventories are about 5% below the five-year average for this time of year.

  6. Gasoline and Distillate Inventories: Total motor gasoline inventories decreased by 2.4 million barrels from last week and are slightly above the five-year average for this time of year. Distillate fuel inventories decreased by 3.2 million barrels last week and are about 12% below the five-year average for this time of year.

  7. Total Commercial Petroleum Inventories: Total commercial petroleum inventories decreased by 11.9 million barrels last week.

  8. Products Supplied: Total products supplied over the last four-week period averaged 20.2 million barrels a day, down by 0.9% from the same period last year. Motor gasoline product supplied averaged 8.5 million barrels a day, down by 3.1% from the same period last year. Distillate fuel product supplied averaged 4.0 million barrels a day over the past four weeks, down by 5.1% from the same period last year.

These reports not only reflect the current state of the U.S. petroleum industry but also have a significant impact on global oil markets. The dynamics of supply, production, and consumption outlined in the report play a crucial role in determining the direction of oil prices. This data helps traders, investors, and policymakers make informed decisions in an ever-evolving energy landscape.

Source: https://ir.eia.gov/wpsr/wpsrsummary.pdf

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60 ticks potential profit in 42 seconds on 23 August 2023, analysis on futures forex fx low latency news trading crude oil on DOE Petroleum Status Report data

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For more information: www.oilx.co | LinkedIn: http://www.linkedin.com/company/oilx | Twitter: @OilXs

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