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Wednesday, January 15, 2014

EIA Petroleum Inventories

The EIA Weekly Petroleum Status Report was released on schedule this morning.
Inventories
Supply
Demand

Highlights:
  • New record high for domestic oil production, with Lower 48 production rising 20K barrels per day to 7.61 MMBOPD
  • 7.66 MMB drop in commercial crude oil inventories
  • Crude and Products Net Imports at very low levels again, implying an improving trade balance: