Record low US commercial crude oil stocks - EIA

The US commercial crude stocks as of 27 September were the lowest recorded by EIA since the published records that began in 1982. They are 10.5% below the level at the same time in 2001 and 10% below the average level over the last 2 years.

The strategic stocks are, however, increasing despite declining imports and relatively flat oil production. The strategic stocks on 27 September were 7.4% above the level at the same time in 2001 and 5.5 % above the average level over the last 2 years. This means that total stocks on 27 September, according to EIA, were 1.0% above the level at the same time in 2001 and at the same average level over the last 2 years.


Gasoline stocks at 27 September 2002 were slightly below the average for the last two years and slightly above the same level in 2001.


Distillate stocks were some 6% above the level at the same time in 2001 and 6% above the average for the last two years.

 

US stock development can be viewed here.