Saturday, August 16, 2025

Weekly Oil Storage: Yet Another Build

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week. Crude oil stocks rose by 3,633 MBBL last week to 450,840 MBBL from 447,207 MBBL. This is 7% above the 422,095 MBBL that was in storage at this point last year, and is 6% above the five-year