石油数据摘要：每周石油库存摘要-Oil Data Digest_ Weekly Oil Stock Summary

Summary of Key Points from the Oil Data Digest Industry Overview - The report focuses on the oil industry, specifically oil inventory data across various regions including the US, Europe, Japan, Singapore, and Fujairah. Core Insights and Arguments - Total Oil Inventories: Total oil inventories increased by 1.8 million barrels (mln bbls) last week, with crude stocks rising by 3.8 mln bbls primarily due to a build in the US [1][2][35]. - Refined Product Stocks: Refined product stocks decreased by 2.0 mln bbls, driven by draws in the US and Fujairah [3][4][35]. - Regional Breakdown: - US: Crude stocks built by 3.0 mln bbls, with a total crude build of 3.3 mln bbls when including the Strategic Petroleum Reserve (SPR) [78][90]. - Europe: Total oil stocks increased by 0.7 mln bbls [31][35]. - Fujairah: Product inventories decreased by 1.6 mln bbls week-over-week (WoW) [29][35]. - Singapore: Product inventories increased by 0.2 mln bbls [33][35]. - Distillate and Gasoline Stocks: Distillate stocks saw a marginal build, while gasoline stocks experienced a draw of 0.8 mln bbls, consistent with seasonal trends [80][81]. Additional Important Information - Crude Production and Imports: US crude production rose by 40 thousand barrels per day (kbpd) to approximately 13.3 million barrels per day (mbpd). Crude imports increased by 1 mbpd, contributing to the build in crude stocks [78][90]. - Refinery Operations: Refinery runs increased by 60 kbpd, although overall utilization rates fell by 0.5 percentage points (pp) to 96.4% [79][88]. - Historical Context: The current inventory levels are compared to the 10-year average, indicating significant deviations in both crude and refined product stocks [6][35]. Conclusion - The oil market is experiencing a complex interplay of inventory builds and draws across different regions, with significant implications for supply dynamics and pricing. The data suggests a robust supply response in the US, while other regions show varied trends in inventory levels.