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Weekly EIA Oil Report for 3rd March

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Miguel A. Rodriguez
Miguel A. Rodriguez
03 March 2021
Here are the latest details from the U.S. Energy Information Administration regarding oil and more, for the week ending on February 26th.

U.S. crude oil refinery inputs averaged at 9.9 mbpd, while gasoline production increased last week, to an average of 8.3 million barrels/day.

U.S. crude oil imports averaged at 6.3 mbpd, while commercial crude oil inventories (excluding Strategic Reserves) increased by 21.6 mbpd from the previous week.

Total commercial petroleum inventories decreased by 2.8 mb last week, as the total products supplied over the last month averaged at 19.6 mb/day, down by 4.2% from the same period, last year.

 

Sources: eia.gov

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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.