US commercial crude oil inventories, which exclude the Strategic Petroleum Reserve, decreased 1.1 million bbl during the week ended Jan. 19 from the previous week.
The latest estimate is 411.6 million bbl, which puts oil in storage in the middle of the average range for this time of year, the US Energy Information Administration said.
The report also said total motor gasoline inventories increased 3.1 million bbl and are in the middle of the average range. Finished gasoline inventories decreased, while blending components inventories increased last week. Distillate fuel inventories increased by 600,000 bbl last week, but supplies are in the lower half of the average range for this time of year.
Propane-propylene inventories decreased 4 million bbl and are in the lower half of the average range, EIA said.
US refinery inputs averaged 16.5 million b/d for the week ended Jan. 19, down 392,000 b/d from the previous week’s average. Refineries operated at 90.9% of capacity.
Gasoline production decreased, averaging 9.4 million b/d. Distillate fuel production decreased, averaging 4.8 million b/d.
US crude oil imports averaged 8 million b/d, up 91,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 7.9 million b/d, 2.5% less than the same period last year. Total motor gasoline imports averaged 575,000 b/d. Distillate fuel imports averaged 251,000 b/d.
