摩根士丹利：石油数据摘要_每周石油库存摘要

Investment Rating - The report does not explicitly state an investment rating for the industry [2]. Core Insights - Total oil inventories decreased by 5.3 million barrels last week, with crude stocks increasing by 5.5 million barrels primarily due to a significant build in the US [2][3]. - Refined product stocks saw a draw of 10.8 million barrels, driven by a large draw in the US [3][4]. - US crude production rose by 100 thousand barrels per day, reaching a total of 13.4 million barrels per day, marking a return to previous production highs [57][58]. - Refinery runs declined by 100 thousand barrels per day, with utilization falling to 86.7%, the lowest level since early March [58][60]. - Gasoline stocks experienced a significant draw of 6.3 million barrels, while distillate inventories saw a draw of 3.1 million barrels [59][60]. Summary by Sections Oil Inventory Data - Total oil inventories decreased by 5.3 million barrels last week, with crude stocks increasing by 5.5 million barrels [2][3]. - Refined product stocks drew down by 10.8 million barrels, with gasoline stocks specifically decreasing by 6.0 million barrels [3][4]. - Distillate stocks decreased by 4.8 million barrels, while fuel oil stocks saw a minor draw of 0.1 million barrels [3][4]. Regional Inventory Changes - In the US, total oil stocks drew by 5.2 million barrels, while Japan saw a build of 0.9 million barrels [21][25]. - Europe experienced a draw of 1.6 million barrels, and Singapore's product inventories decreased by 0.5 million barrels [25][27]. Production and Refinery Operations - US crude production increased by 100 thousand barrels per day, reaching 13.4 million barrels per day [57][68]. - Refinery runs fell by 100 thousand barrels per day, with utilization at 86.7% [58][60]. - Crude imports decreased by 0.4 million barrels per day, while exports fell by 0.1 million barrels per day [73][75].