US crude oil inventories, excluding the Strategic Petroleum Reserve, increased 2.2 million bbl for the week ended Apr. 20, according to US Energy Information Administration data.
The latest estimate is 429.7 million bbl, putting oil in storage in the lower half of the average range for this time of year, the Weekly Petroleum Status Report indicated.
The report said total motor gasoline inventories increased 800,000 bbl and are in the upper half of the average range. Both finished gasoline inventories and blending components inventories increased last week. Distillate fuel inventories decreased 2.6 million bbl last week and are in the lower half of the average range for this time of year.
Propane-propylene inventories decreased by 200,000 bbl last week and are in the lower half of the average range, EIA said.
US refinery inputs averaged more than 16.6 million b/d for the week ended Apr. 20, about 328,000 b/d less than the previous week’s average. Refineries operated at 90.8% of capacity.
Gasoline production decreased, averaging 9.9 million b/d. Distillate fuel production decreased, averaging 5 million b/d.
US crude oil imports averaged 8.5 million b/d, up 539,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged more than 8.2 million b/d, 1.5% higher than the same period last year. Total motor gasoline imports averaged 896,000 b/d. Distillate fuel imports averaged 123,000 b/d.
