US Crude Inventories, Including SPR, Fall a Record 17.8 Million Barrels
Energy Information Administration data showed U.S. crude inventories, including the Strategic Petroleum Reserve, fell by a record 17.8 million barrels last week, as commercial crude stocks dropped 7.9 million barrels and the SPR shrank by a record 9.9 million barrels. The combined decline marked an eighth straight weekly drop, the longest streak in three years, leaving total U.S. crude inventories including the SPR at their lowest since June 2025 and the reserve itself at 374 million barrels, the lowest since July 2024.
The drawdown has erased nearly all of this year’s build in U.S. commercial crude inventories in five weeks, with large SPR releases masking the scale of the supply shock. International Energy Agency chief Fatih Birol warned oil markets are entering the “red zone” this summer as inventories fall and Middle Eastern supply remains offline.
From the sources (25 posts)
@macroedgeresThe massive drawdowns continue API Inventory Moves crude -9.1 million (exp. -3.4 million) gasoline -5.8 million distillates -1.0 million Cushing -1.4 million SPR actual -9.9 million #MacroEdge
@macroedgeresLargest weekly drawdown from the SPR… on record!
@hfi_researchAPI undercounted the draws last week, so EIA will report lower draws for the 3 below. Crude is between -7 to -8. Gasoline will be slightly lower.
@gasbuddyguythe DRAIN of U.S. petroleum inventories continues
@oilheadlinenewsAPI Crude -9.1 million (exp. -3.4 million) Gasoline -5.8 million Distillates -1.0 million Cushing -1.4 million SPR actual -9.9 million
@tomklozaSPR drawdown of nearly 10-million barrels of crude will dominate tomorrow's EIA report. API showing a 5.8-million barrel draw in gasoline could spook those RBOB sellers this week. Distillate draw of ~1-million bbl puts us closer to pivotal
@firstsquawkUS CRUDE OIL INVENTORIES ACTUAL: -7863K VS -4306K PREVIOUS; EST -2815.33K
@deitaoneDOE: US CRUDE OIL STOCKS -7.863M BBL IN WK; SEEN -3M BBL
@firstsquawkUS CUSHING CRUDE OIL INVENTORIES ACTUAL: -1604K VS -1702K PREVIOUS
@staunovoUS petroleum inventories (crude, SPR, refined products) fell by 18.941mb to 1,601.408mb last week - EIA #oott
@gasbuddyguyEIA, week ending 5/15 Crude oil: -7.9M Domestic prod: 13.702MMbpd Cushing: -1.6M Gasoline: -1.5M Mogas supplied: 8.767MMbpd Distillates: +0.4M Refiner utilz: 91.6% Ref inputs: 16.642MMbpd Total exports: 13.096MMbpd #oil #eia #gas
@staunovoUS crude oil inventories fell by 17.783mb last week (commercial: -7.863mb, SPR -9.920mb) EIA #oott
@oilheadlinenewsUS petroleum inventories (crude, SPR, refined products) fell by 18.941mb to 1,601.408mb last week - EIA @staunovo
@oilheadlinenewsEIA: Crude: -7.863M Cushing: -1.604M Gasoline: -1.548M Distillates: +0.372M
@gasbuddyguyEIA report: Gulf refiners the *only* region to see nearly full refinery utilization thanks to exports- 97.2% of capacity- other PADDs all below 90%, PADD 4 below 80%
@staunovoImplied US oil demand (product supplied) rose by 558kbpd w/w to 20.449mbpd last week w/w in kbpd gasoline +13 jet fuel +235 distillate +124 residual fuel oil -52 propane/propylene +576 other oils -337 EIA #oott
@deitaoneBRENT CRUDE FUTURES EXTEND LOSSES, DOWN 4.3%, AFTER EIA STORAGE REPORT U.S. CRUDE FUTURES EXTEND LOSSES, DOWN 4.1%, AFTER EIA STORAGE REPORT
@deitaoneU.S. DIESEL FUTURES EXTEND LOSSES, DOWN 3.8%, AFTER EIA STORAGE REPORT U.S. GASOLINE FUTURES LOSSES, DOWN 3.5%, AFTER EIA STORAGE REPORT
@gasbuddyguyU.S. gasoline inventories have fallen to their lowest May level since 2014
@hfi_researchLooks like the largest crude draw in history.
@zerohedgeOil Prices Extend Decline After Huge Inventory Draws, Record SPR Drain
@oilandenergy$100+ oil hasn't led to demand destruction in the U.S. so far - quite the contrary: EIA data: Total products supplied—a proxy for U.S. oil demand—rose to an average of 20.2 million barrels per day over the last four weeks, up 3.1% compared
@javierblasBREAKING: US total crude inventories fell last week ~17.8 million barrels (that's commercial and SPR stocks combined). On that basis, it's the largest weekly fall since data is available starting in 1982.
@macroedgeresTotal crude (spr and commercial crude) -17.9Mb Explains the Pakistani headline #MacroEdge
@zerohedgeThe US SPR drained a record 9.9 million barrels in the past week. 10% of the US strategic reserve has been drained since the war started, mostly via exports to Asia