According to the EIA’s Weekly Petroleum Status Report (WPSR) for the week ended April 10, U.S. commercial crude inventories posted their first draw in nine weeks, as imports and exports swung sharply in opposite directions. Imports plummeted by 1 MMb/d to just under 5.3 MMb/d, while exports soared by an equal magnitude in the opposite direction, reaching a seven-month high of 5.2 MMb/d.
As discussed in this week's Crude Oil Billboard, the combined effect was a 2.1 MMb/d collapse in net imports to just 66 Mb/d (dashed circle in graph below), a record low that brings the U.S. within striking distance of net-exporter status for the first time in history. For context, 2026 year-to-date net imports average a much more substantial 2.6 MMb/d.
