Article Hero

Weekly EIA Oil Report – March 3rd

Miguel A. Rodriguez
Miguel A. Rodriguez
03 March 2022
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 on February 25th

U.S. crude oil refinery inputs averaged 15.4 million barrels per day, which was 153,000 barrels per day more than the previous week’s average, with refineries working at 87.7% of their capacity.

Gasoline production increased last week, averaging 9.3 million barrels/day. Distillate fuel production also increased, averaging 4.7 million barrels per day.

U.S. crude oil imports averaged 5.8 million barrels per day last week, 1.1 million barrels per day lower from the previous week, with imports averaging approx. 6.2 million barrels/day.

U.S. commercial crude oil inventories decreased by 2.6 million barrels from the previous week to 410.4 million barrels. Considering the figures, the inventories are about 12% below the five-year average for this time of year.


This information prepared by is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation, or the particular needs of any recipient.You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation, or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of Financial Services (Pty) Ltd trading as CAPEX.COM/ZA acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via CAPEX.COM/ZA, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15.  Magnasale Trading Ltd is the principal to the CFD purchased by investors.

Share this article

How did you find this article?


Read More

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.