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Supply Balance of Crude Oil


       
6 Months   1 Year   3 Years   Max
Last update: December 6, 2017, 10:35 EST

Description

Supply Balance chart shows the running average monthly balance of crude oil supply in the United States and the change in supply balance vs 5-year average. We use a very simple arithmetic formula: supply balance = production + imports - exports. Declining balance may indicate that oil supply is becoming tighter. Conversely, a rising balance means that the overall supply in the market is increasing. A change vs 5-year average is an important measure of the "severity" of the situation.  

Data is available from January 25, 2013

Updated every Wednesday by 6 PM Eastern time.

Source: U.S. Energy Information Administration, Bluegold Research calculations

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