Weekly Oil Stock Summary

Research evidence excerpt

Weekly Oil Stock Summary

Update

June 26, 2026 08:51 AM GMT

Morgan Stanley & Co. International plc+MOil Data Digest | Europe Charlotte Firkins

Commodities Strategist

Weekly Oil Stock Summary Charlotte.Firkins@morganstanley.comMartijn Rats, CFA +44 20 7425-3866

Equity Analyst and Commodities Strategist

Martijn.Rats@morganstanley.com +44 20 7425-6618

Total oil inventories drew by 1.9 mln bbls last week. Crude

stocks drew by 14.5 mln bbls, driven by a large draw in the US. Exhibit 7 : Summary table

Refined product stocks built by 12.6 mln bbls, driven by builds in

the US and Singapore.

The charts below summarise all oil inventory data available on a weekly basis for

the US from the EIA, Antwerp-Rotterdam-Amsterdam (ARA) from Genscape and

PJK, Japan from PAJ, Singapore from IE, and the Fujairah hub (UAE).

Exhibit 1: Total oil stocks (crude + Exhibit 2: Crude stocks drew by 14.5 Note: The products figure includes inventories of gasoline, middle distillates

products) drew by 1.9 mln bbls last mln bbls, driven by a large draw in the andthe USfuelSPR.oil plusSource:naphtha.EIA, PJKNW International,Europe data isIEforSingapore,the ARA PAJ,region.Genscape,Includes

week US FEDCom/Platts.

Exhibit 8 : Week-over-week change compared

to 10y average

Source: EIA, PJK International, IE Singapore, PAJ, Genscape, Source: EIA, PJK International, IE Singapore, PAJ, Genscape,

FEDCom/Platts. Includes US SPR. FEDCom/Platts. Includes US SPR.

Exhibit 3: Refined product stocks Exhibit 4: Gasoline stocks built by 2.1 Note: The products figure includes inventories of gasoline, middle distillates

and fuel oil plus naphtha. NW Europe data is for the ARA region. The US

built by 12.6 mln bbls, driven by builds mln bbls, driven by builds in the US and includes the SPR.