Summary of Weekly Oil Data Industry Overview - The report focuses on the oil industry, specifically crude oil and refined products in the United States. Key Points Crude Oil Inventory and Production - Crude oil inventories decreased by 1.0 million barrels (Mb), contrasting with the consensus expectation of an increase of 1.2 Mb and the 5-year average increase of 1.6 Mb [1] - API data indicated a larger draw of 3.0 Mb [1] - Crude production remained stable at 13.6 million barrels per day (Mb/d) [1] - Refinery utilization increased by 290 basis points week-over-week (w/w) to 88.6% of operable capacity, against a consensus expectation of a decrease of 40 basis points [1] Product Demand and Consumption - Implied oil products consumption rose by 0.3 Mb/d w/w to 20.0 Mb/d, primarily driven by propane, which increased by 0.4 Mb/d [2] - Total demand over a 4-week average remained flat at 20.5 Mb/d [2] Product Inventories - Total product inventories fell by 3.2 Mb to 862 Mb, led by a decrease in gasoline inventories by 2.1 Mb, which was larger than the consensus decrease of 0.8 Mb [3] - Jet fuel and distillate inventories also decreased by 1.5 Mb each, while gains were seen in "Others" (+1.3 Mb), propane (+0.8 Mb), and fuel oil (+0.5 Mb) [3] Detailed Weekly Petroleum Status Report - Crude oil production was reported at 13,629 kb/d, with a slight decrease of 7 kb/d [4] - Crude oil imports increased by 393 kb/d to 5,918 kb/d [4] - Exports of crude oil decreased by 263 kb/d to 4,203 kb/d [4] - Total crude oil stocks were reported at 422.8 Mb, down by 1.0 Mb [4] - Gasoline production increased by 134 kb/d to 9,612 kb/d, while gasoline stocks decreased by 2.1 Mb to 216.7 Mb [4] - Middle distillate production rose by 40 kb/d to 4,632 kb/d, with stocks down by 1.5 Mb to 115.6 Mb [4] Market Dynamics - The report indicates a bullish sentiment in the crude oil market due to the unexpected draw in inventories and increased refinery utilization [1][4] - The overall demand for oil products remains stable, with fluctuations in specific categories such as propane and distillates [2][3] Additional Insights - The report highlights the importance of monitoring both inventory levels and production rates to gauge market conditions and potential investment opportunities in the oil sector [1][2][3] - The data suggests that while there are fluctuations in specific product demands, the overall market remains resilient, indicating potential stability in oil prices moving forward [2][3] This summary encapsulates the critical data and insights from the weekly oil report, providing a comprehensive overview of the current state of the oil industry in the United States.
周度原油数据：原油及成品油库存均下降Weekly Oil Data_ Both crude and products draw