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Weekly EIA Oil Report – January 6th

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Miguel A. Rodriguez
Miguel A. Rodriguez
06 January 2023

Here are the latest details from the U.S. Energy Information Administration regarding diesel fuel, heating oil, gasoline and many more, for the week ending December 30th

The EIA crude oil inventory report is now available, albeit a day late due to New Year's holiday celebrations. The U.S. crude oil refinery inputs averaged 13.8 million barrels per day, which was 2.3 million barrels per day less than the previous week’s average, with refineries working at 79.6% of their capacity. Gasoline production decreased last week, averaging 8.5 million 

barrels/day. Distillate fuel production slightly decreased, averaging 4.0 million barrels per day. 


U.S. crude oil imports averaged 5.7 million barrels per day last week, 540,000 barrels per day lower than the previous week, with imports averaging approx. 6.2 million barrels/day. 


U.S. commercial crude oil inventories increased by 1.7 million barrels from the previous week to 420.6 million barrels. Considering the figures, the inventories are about 6% below the five-year average for this time of year.  


Oil prices rose from $72.50 to $73.45, extending gains from the previous trading session and in line with expectations of increased Chinese demand and data showing reduced fuel stocks in the U,S. following the end-of-year winter storm. 



This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.