The Strategic Petroleum Reserve inventories have increased for the 6th consecutive week! Is the USA buying Crude Oil Product at Low Stock Price?

An overview of the six major highlights of the EIA data for the week in the USA.

1. EIA report: For the week ending April 11, USA crude oil exports increased by 1.856 million barrels per day to 5.1 million barrels per day.

2. EIA report: For the week ending April 11, USA domestic crude oil production increased by 0.004 million barrels to 13.462 million barrels per day.

3. EIA report: Excluding Strategic Reserves, commercial crude oil inventories increased by 0.515 million barrels to 0.443 billion barrels, an increase of 0.12%, which is not far from market expectations.

4. EIA report: The four-week average supply of USA crude oil products was 19.491 million barrels per day, a decrease of 1.66% compared to the same period last year.

5. EIA report: For the week ending April 11, USA Strategic Petroleum Reserve (SPR) inventories increased by 0.299 million barrels to 0.397 billion barrels, an increase of 0.08%.

6. EIA report: For the week ending April 11, USA commercial crude oil imports, excluding Strategic Reserves, were 6.001 million barrels per day, a decrease of 0.188 million barrels per day compared to the previous week.

Overview of the week's EIA data in the USA.

1. The crude oil export volume from the USA for the week ending April 11 is the highest since the week of April 19, 2024.

2. The EIA strategic oil reserve inventory in the USA for the week ending April 11 is the highest since the week of October 28, 2022.

3. The commercial crude oil inventory in the USA excluding the strategic reserves for the week ending April 11 is the highest since the week of July 5, 2024.

4. The increase in the EIA strategic oil reserve inventory in the USA for the week ending April 11 is the largest since the week of January 10, 2025, marking the sixth consecutive week of increase.