EIA周度数据：炼厂高开工，汽柴再累库-20251218

1. Report Industry Investment Rating - No information provided 2. Core Viewpoints of the Report - The actual de - stocking amplitude of US commercial crude oil in the week of December 12, 2025 was not much different from the previous data, despite factors like increased crude oil processing volume and net exports that favored accelerated de - stocking. The refinery operating rate continued to rise to 94.8%, a high for the same period. Gasoline and diesel inventories continued to accumulate, and the total inventory of crude oil and petroleum products was at a high level for the same period. Overall, single - week data had limited indication for prices and continuously negatively affected gasoline and diesel crack spreads [4]. 3. Summary According to Relevant Catalog 3.1 Inventory Data Changes - US commercial crude oil inventory decreased by 1.274 million barrels, compared with a decrease of 1.812 million barrels in the previous value [4][6]. - US Cushing crude oil inventory decreased by 0.742 million barrels, while the previous value was an increase of 0.308 million barrels [6]. - US strategic petroleum inventory increased by 0.249 million barrels, compared with an increase of 0.248 million barrels in the previous value [6]. - US gasoline inventory increased by 4.808 million barrels, while the previous value was a decrease of 6.397 million barrels [6]. - US diesel inventory increased by 1.712 million barrels, compared with an increase of 2.502 million barrels in the previous value [6]. - US jet fuel inventory increased by 1.007 million barrels, while the previous value was a decrease of 1.376 million barrels [6]. - US fuel oil inventory increased by 0.45 million barrels, while the previous value was a decrease of 1.204 million barrels [6]. - The inventory of US crude oil and petroleum products (excluding SPR) increased by 2.139 million barrels, while the previous value was a decrease of 3.161 million barrels [6]. 3.2 Production and Demand Data - US crude oil production was 13.843 million barrels per day, compared with 13.853 million barrels per day in the previous value [6]. - US refined oil apparent demand was 20.573 million barrels per day, compared with 21.082 million barrels per day in the previous value [6]. - US gasoline apparent demand was 9.078 million barrels per day, compared with 8.456 million barrels per day in the previous value [6]. - US diesel apparent demand was 3.786 million barrels per day, compared with 4.158 million barrels per day in the previous value [6]. 3.3 Import, Export and Processing Data - US crude oil imports were 6.525 million barrels per day, compared with 6.589 million barrels per day in the previous value [6]. - US crude oil exports were 4.664 million barrels per day, compared with 4.009 million barrels per day in the previous value [6]. - US refinery crude oil processing volume was 16.988 million barrels per day, compared with 16.86 million barrels per day in the previous value [6]. - US refinery operating rate was 94.8%, compared with 94.5% in the previous value [6].