The Oil Report

The Oil Report

EIA Wednesday

Headline commercial draw-7.864

Tim Duggan's avatar
Tim Duggan
May 20, 2026
∙ Paid

Week ending May 15, 2026

THE PRINT

The US pulled a whopping 9.92 MMbbl from the SPR last week, an all-time weekly record and the second set in as many weeks. Add the 7.86 MMbbl commercial crude draw and the country emptied close to 17.8 MMbbl of its crude buffer in seven days, while still exporting 5.49 MMbpd. This is not organic tightness. It is Washingt…

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