Group 1 - The report does not provide an industry investment rating Group 2 - The EIA data shows that the inventory pressure in the US energy market continues, and the weekly data is bearish [4] Group 3 EIA Weekly Data Overview - US commercial crude oil inventories increased by 3.602 million barrels in the week ending January 16, 2026 [4] - The refinery utilization rate dropped seasonally from 95.3% to 93.3% but remained at a high level for the same period [4] - Crude oil processing volume decreased by 354,000 barrels per day, which was the main driver of crude oil inventory accumulation [4] - Net crude oil exports increased by 27,000 barrels per day, with both imports and exports declining [4] - The estimated weekly crude oil production was revised down by 21,000 barrels per day [4] Inventory and Demand Data Details | Category | Unit | Current Value | Previous Value | | --- | --- | --- | --- | | US commercial crude oil inventory change | 10,000 barrels | - 360.2 | △ 339.1 | | US Cushing crude oil inventory change | 10,000 barrels | △ 147.8 | - 74.5 | | US strategic petroleum reserve change | 10,000 barrels | ▲ 80.6 | △ 21.4 | | US gasoline inventory change | 10,000 barrels | △ 597.7 | ▲ 897.7 | | US diesel inventory change | 10,000 barrels | ▲ 334.8 | - 2.9 | | US jet fuel inventory change | 10,000 barrels | ▼ - 78.8 | ▼ - 89.2 | | US fuel oil inventory change | 10,000 barrels | ▼ - 58.5 | ▲ 173.5 | | US crude oil and petroleum product inventory change (excluding SPR) | 10,000 barrels | ▲ 753.8 | 4 621 | | US crude oil production | 10,000 barrels per day | 1373.2 | 1375.3 | | US refined oil apparent demand | 10,000 barrels per day | 2017.2 | 2100.9 | | US gasoline apparent demand | 10,000 barrels per day | 783.4 | 830.4 | | US diesel apparent demand | 10,000 barrels per day | 352.4 | 409.6 | | US crude oil imports | 10,000 barrels per day | 644.7 | 709.2 | | US crude oil exports | 10,000 barrels per day | 368.8 | 430.6 | | US refinery crude oil processing volume | 10,000 barrels per day | 1660.4 | 1695.8 | | US refinery utilization rate | % | 93.3 | 95.3 | [5]

Group 1 - As of the week ending September 12, 2025, U.S. commercial crude oil inventories decreased by 9.285 million barrels to 415 million barrels, marking the largest decline since June 13, 2025, against market expectations of a decrease of 0.857 million barrels and a previous value of 3.939 million barrels [1] - U.S. Strategic Petroleum Reserve (SPR) inventories increased by 504,000 barrels to 40.57 million barrels, the highest level since October 7, 2022 [1] - Gasoline inventories decreased by 2.347 million barrels, compared to a previous value of 1.458 million barrels [1] - Distillate inventories increased by 4.046 million barrels, exceeding expectations of 0.975 million barrels and a previous value of 4.715 million barrels [1] Group 2 - U.S. domestic crude oil production decreased by 13,000 barrels to 13.482 million barrels per day as of the week ending September 12, 2025 [1] - The four-week average supply of U.S. crude oil products was 20.671 million barrels per day, an increase of 1.69% compared to the same period last year [1] Group 3 - U.S. commercial crude oil imports, excluding the Strategic Reserve, were 5.692 million barrels per day, a decrease of 579,000 barrels per day, the lowest level since June 13, 2025 [1] - U.S. crude oil exports increased by 2.532 million barrels per day to 5.277 million barrels per day, the highest level since December 29, 2023 [1] Group 4 - As of September 18, 2025, WTI crude oil was reported at $63.41 per barrel, down 0.36%, while Brent crude was reported at $67.13 per barrel, down 0.42% [2]

Group 1 - As of the week ending August 29, 2025, U.S. commercial crude oil inventories increased by 2.415 million barrels to 421 million barrels, contrary to market expectations of a decrease of 2.031 million barrels [1] - The U.S. Strategic Petroleum Reserve (SPR) inventory rose by 509,000 barrels to 40.47 million barrels, the highest level since October 14, 2022 [1] - Gasoline inventories decreased by 3.795 million barrels, marking the largest decline since the week ending April 25, 2025, and have now fallen for seven consecutive weeks [1] Group 2 - U.S. domestic crude oil production decreased by 16,000 barrels to 13.423 million barrels per day as of the week ending August 29, 2025 [1] - The four-week average supply of U.S. crude oil products was 21.282 million barrels per day, an increase of 2.47% compared to the same period last year [1] - U.S. crude oil imports, excluding the Strategic Reserve, increased by 508,000 barrels per day to 6.742 million barrels per day [1] Group 3 - As of September 5, 2025, WTI crude oil was reported at $63.23 per barrel, down 0.17%, while Brent crude was at $66.74 per barrel, down 0.21% [3]