US commercial crude oil inventories, which exclude the Strategic Petroleum Reserve, increased 6.8 million bbl during the week ended Jan. 26 from the previous week.
The latest estimate is 418.4 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 decreased 2 million bbl and are near the top of the average range. Both blending components and finished gasoline inventories decreased last week. Distillate fuel inventories decreased 1.9 million bbl last week and are in the middle of the average range for this time of year.
Propane-propylene inventories decreased 900,000 bbl, but are in the middle of the average range, EIA said.
US refinery inputs averaged 16 million b/d for the week ended Jan. 26, down 470,000 b/d from the previous week’s average. Refineries operated at 88.1% of capacity.
Gasoline production increased, averaging 9.6 million b/d. Distillate fuel production decreased, averaging 4.6 million b/d.
US crude oil imports averaged 8.4 million b/d, down 380,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 8 million b/d, 4.3% less than the same period last year. Total motor gasoline imports averaged 509,000 b/d. Distillate fuel imports averaged 584,000 b/d.