Key points from the video transcript:

- The video discusses the EIA report and focuses on three main topics: the build in oil stocks, the underwhelming demand in the US, and OPEC's December shipments.
- The build in oil stocks was driven by a drop in imports and a spike in exports. Timing delays are expected to impact next week's data.
- Demand in the US continues to be underwhelming, especially with colder weather and inclement conditions.
- OPEC's shipments in December are compared to quotas, and the video discusses how ship-to-ship transfers have become advantageous for Russian cargos in the open market.
- The surplus in total oil and product stocks narrowed, but remains fairly normal for this time of year.
- Floating storage has seen a reduction in surplus, particularly in the West of Suez region, while the East of Suez region is expected to see a flatline and return to 2020 levels.
- Crude stocks in the US had a build, particularly in the Midwest and Cushing, but overall stocks are still within the normal range for this time of year.
- Refinery utilization rates remain low, and there is no significant increase in runs expected.
- Imports dropped, but are expected to bounce back, particularly in Pad 2.
- Implied demand for gasoline saw a small increase, but remains below average.

Main topics: EIA report, oil stocks, US demand, OPEC shipments, floating storage, crude stocks, refinery utilization, imports, implied demand for gasoline.

#EIAreport #oilstocks #USdemand #OPECshipments #floatingstorage #crudestocks #refineryutilization #imports #gasolinedemand