EIA: US crude inventories plunge by 11.5 million barrels, largest weekly draw in a year
US commercial crude oil stockpiles dropped sharply in the week ending 13 June 2025, marking the steepest weekly decline in a year,
US commercial crude oil stockpiles dropped sharply in the week ending 13 June 2025, marking the steepest weekly decline in a year, according to the latest data from the Energy Information Administration (EIA).
Crude inventories fell by 11.5 million barrels to 420.9 million barrels—far exceeding analysts’ expectations for a 1.8 million-barrel draw, as polled by Reuters. The sharp drawdown has pulled stock levels nearly 10% below the five-year seasonal average.
The outsized decline was largely attributed to a significant reduction in net crude imports, which fell by nearly 1.8 million barrels per day to just 1.14 million barrels per day during the reporting week.
Despite the substantial drop in crude stocks, gasoline and distillate inventories edged higher. Total motor gasoline inventories rose by 200,000 barrels, although they remained approximately 2% below the five-year average. Distillate fuel stocks also increased, pointing to a modest recovery in refined product supply.
Refinery activity slowed slightly, with inputs averaging 16.9 million barrels per day—down 365,000 barrels per day from the previous week. Nevertheless, US refineries operated at a robust 93.2% of capacity, maintaining strong throughput rates.
Meanwhile, domestic crude production saw a marginal uptick, reaching 13.431 million barrels per day, reflecting continued strength in US upstream output.
-end-