Core Insights - The report provides a comprehensive overview of the U.S. crude oil and refined products market, highlighting changes in prices, inventory levels, production, and import/export activities. U.S. Crude Oil - The average weekly prices for Brent and WTI crude oil futures were $67.4 and $64.9 per barrel, down $4.2 and $3.6 from the previous week [2] - Total U.S. crude oil inventory was 830 million barrels, with commercial inventory at 420 million barrels, strategic inventory at 400 million barrels, and Cushing inventory at 20 million barrels, showing changes of -2.79 million, -3.03 million, +0.23 million, and +0.45 million barrels respectively [2] - U.S. crude oil production was 13.28 million barrels per day, a decrease of 30,000 barrels per day from the previous week [2] - U.S. refinery crude oil processing volume was 17.12 million barrels per day, an increase of 210,000 barrels per day, with a refinery utilization rate of 96.9%, up 1.5 percentage points [2] - U.S. crude oil imports, exports, and net imports were 5.96 million, 3.32 million, and 2.64 million barrels per day, reflecting changes of -170,000, +620,000, and -790,000 barrels per day respectively [2] U.S. Refined Products - Average weekly prices for gasoline, diesel, and jet fuel were $88, $96, and $89 per barrel, down $3.9, $5.2, and $5.1 respectively, with price differentials to crude oil at $20, $28, and $21 per barrel [3] - Gasoline, diesel, and jet fuel inventories were 230 million, 110 million, and 40 million barrels, with changes of -1.32 million, -570,000, and +970,000 barrels respectively [3] - Production of gasoline, diesel, and jet fuel was 9.80 million, 5.11 million, and 1.98 million barrels per day, showing decreases of 240,000, 100,000, and increases of 110,000 barrels per day respectively [3] - Consumption of gasoline, diesel, and jet fuel was 9.04 million, 3.72 million, and 1.71 million barrels per day, reflecting changes of -110,000, +120,000, and -390,000 barrels per day respectively [3] Refined Products Import/Export - U.S. gasoline imports, exports, and net exports were 120,000, 950,000, and 820,000 barrels per day, with changes of +10,000, +60,000, and +50,000 barrels per day respectively [4] - U.S. diesel imports, exports, and net exports were 80,000, 1.55 million, and 1.47 million barrels per day, with changes of -150,000, +230,000, and +380,000 barrels per day respectively [4] - U.S. jet fuel imports, exports, and net exports were 0, 140,000, and 140,000 barrels per day, with changes of -60,000, 0, and +60,000 barrels per day respectively [4] Related Companies - Recommended companies include China National Offshore Oil Corporation (CNOOC), China Petroleum & Chemical Corporation (Sinopec), and China National Petroleum Corporation (PetroChina) [4] - Companies to watch include Sinopec Oilfield Service Corporation and China Oilfield Services Limited [4]