EIA: Crude -6.135, Gasoline +1.5, Dist +0.95Adjustments down.
Exports and imports both down.
US lower 48 production up.
Implied oil demand down.
EIA data, week ending 8/18
Crude oil: -6.1M
Domestic prod: 12.8MMbpd
SPR: +0.6M
Cushing: -3.1M
Gasoline: +1.5M
Impld mogas demand: 8.91Mbpd
Distillates: +0.9M
Refiner utilz: 94.5%
Total exports: 10.54MMbpd 
WTI Oil Down 1.5% at $78.50 as US Crude Output Hits Another 3-Year High EIA (wk ending 18 August) Crude: -6.135M Cushing: -3.133M Gasoline: 1.467M Distillates: 0.945M 
US implied oil demand fell by 498kbpd w/w to 21.165mbpd last week w/w changes i n kbpd gasoline +59 jet fuel +149 distillate +188 residual fuel oil -70 propane/propylene -270 other oils -555 – exports – down 0.34 mm bopd week to week – L48 oil production – up 0.1 mm bopd (that’s up 0.6 mm bopd in 3 weeks due to new math) Gasoline – UP 1.5 mm barrels (vs -0.7 mm exp) – implied demand – up slightly to 8.9 mm bpd (soft for time of year) Distillates – UP 0.9 mm barrels (vs +0.6 mm exp) – implied demand – up almost 0.2 mm bpd week to week, still soft for year down 5% YTD same period to 2022. Nutshell: Positive side of neutral. Oil – DOWN 6.1 mm barrels (vs -2.9 mm exp) – throughput – up slightly to 16.776 mm bopd, new high for 2023 – imports – down 0.225 mm bopd week to week US implied oil demand fell by 498kbpd w/w to 21.165mbpd last week w/w changes i n kbpd gasoline +59 jet fuel +149 distillate +188 residual fuel oil -70 propane/propylene -270 other oils -555 US crude imports by origin in kbpd (incl. w/w changes)
Canada +327 to 3832
Mexico -121 to 780
Saudi Arabia -64 to 221
Colombia +215 to 290
Iraq -21 to 283
Ecuador -171 to 192
Nigeria -218 to 89
Brazil +68 to 198
Libya +2 to 85