US crude oil inventories, excluding the Strategic Petroleum Reserve, changed direction for the week ended July 27, increasing by 3.8 million bbl after a decline the previous week, according to data from the US Energy Information Administration.
At 408.7 million bbl, US crude oil inventories are about 1% 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 2.5 million bbl and are about 3% above the 5-year range. Finished gasoline inventories increased while blending components inventories decreased last week. Distillate fuel inventories increased by 3 million bbl last week and are about 1% below the 5-year average for this time of year.
Propane-propylene inventories increased by 1.8 million bbl last week and are 12% below the 5-year average for this time of year, EIA said.
US refinery inputs averaged 17.5 million b/d for the week ended July 27, about 195,000 b/d more than the previous week’s average. Refineries operated at 96.1% of capacity.
Gasoline production increased, averaging 10.5 million b/d. Distillate fuel production increased, averaging 5.2 million b/d.
US crude oil imports averaged 7.7 million b/d, down by 21,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 8 million b/d, 0.4% more than the same period last year. Total motor gasoline imports averaged 752,000 b/d. Distillate fuel imports averaged 157,000 b/d.
