The EIA’s Weekly Petroleum Status Report released this morning points to a loosening in U.S. motor gasoline balances for the week ending January 2, 2026. As highlighted in our Crude Billboard, implied motor gasoline demand declined by nearly 400 Mb/d last week, reflecting typical holiday-related consumption weakness around the New Year. Against this backdrop, total motor gasoline inventories (red line in the chart below) recorded a 7.7 MMbbl build, with the bulk of the increase concentrated in PADDs 2 and 3.
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- Analyst Insight
Bearish Fundamentals Lift Crude Oil and Motor Gasoline Inventories
According to the EIA’s Weekly Petroleum Status Report (WPSR) released this morning for the week ended February 6, crude balances tilted bearish as rebounding U.S. production, stronger imports, and softer exports combined with lower refinery runs to drive a sizeable commercial inventory build.
- Analyst Insight
Bearish Inventory Signals Emerge as Gasoline and Crude Stocks Build
According to the EIA’s Weekly Petroleum Status Report (WPSR), for the week ended Friday, January 16, a drop in implied motor gasoline (mogas) demand contributed to a nearly 6 MMbbl build in total gasoline inventories, lifting total mogas stocks to 257 MMbbl (yellow dashed oval in chart below), the highest level seen since February 2021.
- Analyst Insight
Crude Awakening: U.S. Net Imports Skyrocket to 14-Month High
According to the EIA’s Weekly Petroleum Status Report (WPSR), U.S. crude net imports surged 1.8 MMb/d in the week ended August 7 to 4.3 MMb/d (red dashed oval in chart below), their highest weekly level since June 2025. Put simply, net imports measure the amount of crude entering the U.S.
