US crude oil inventories, excluding the Strategic Petroleum Reserve, reversed course from the prior week’s draw with a 5.8 million-bbl increase for the week ended July 13, according to US Energy Information Administration data.
At 411.1 million bbl, US crude oil inventories are about 2% below the 5-year average for this time of year, the Weekly Petroleum Status Report indicated.
The report said total motor gasoline inventories decreased by 3.2 million bbl and are about 5% above the 5-year range. Finished gasoline inventories and blending components inventories both decreased last week. Distillate fuel inventories decreased by 400,000 bbl last week and are about 13% below the 5-year average for this time of year.
Propane-propylene inventories increased 1.7 million bbl last week and are 10% below the 5-year average for this time of year, EIA said.
US refinery inputs averaged 17.2 million b/d for the week ended July 13, about 413,000 b/d less than the previous week’s average. Refineries operated at 94.3% of capacity.
Gasoline production decreased, averaging 10.3 million b/d. Distillate fuel production decreased, averaging 5.2 million b/d.
US crude oil imports averaged 9.1 million b/d, up by a rounded 1.64 million b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 8.5 million b/d, 8.1% more than the same period last year. Total motor gasoline imports averaged 657,000 b/d. Distillate fuel imports averaged 140,000 b/d.
