EIA: US crude stocks edged up despite export surge

US commercial crude inventories registered a modest build of 0.5 million barrels for the week ending 11 April 2025, bringing total stockpiles to 442.9 million barrels. The increase—despite a sharp jump in exports—was primarily driven by the Energy Information Administration’s inclusion of previously “unaccounted for” barrels in its reporting.

Outbound flows surged by nearly 1.9 million-barrel-per-day during the reporting week, bringing the average to 5.1 million bpd, which signalled resilient overseas demand. 

Refinery utilisation edged lower, slipping by 4 basis points to 86.3%, while crude inputs averaged 15.6 million barrels per day, down by 64,000 barrels from the previous week.

A drawdown in motor gasoline inventories by 2.0 million barrels- reflecting levels 1% below the five-year average for this period- further underscored the strength of downstream demand.

Domestic crude production was largely flat, posting a marginal increase of 4,000 barrels to reach 13.462 million bpd.

Written by: Derek Yong