EIA: US crude inventories increase 6.8 million bbl

Aug. 15, 2018
US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 6.8 million bbl for the week ended Aug. 10, according to data from the US Energy Information Administration. At 414.2 million bbl, US crude oil inventories are about 1% above the 5-year average for this time of year, the Weekly Petroleum Status Report indicated.

US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 6.8 million bbl for the week ended Aug. 10, according to data from the US Energy Information Administration.

At 414.2 million bbl, US crude oil inventories are about 1% above the 5-year average for this time of year, the Weekly Petroleum Status Report indicated.

The report said total motor gasoline inventories decreased by 700,000 bbl and are about 5% above the 5-year range. Finished gasoline inventories decreased while blending components inventories increased last week. Distillate fuel inventories increased by 3.6 million bbl last week and are about 8% below the 5-year average for this time of year.

Propane-propylene inventories increased by 3.4 million bbl last week and are 10% below the 5-year average for this time of year, EIA said.

US refinery inputs averaged 18 million b/d for the week ended Aug. 10, about 383,000 b/d more than the previous week’s average. Refineries operated at 98.1% of capacity.

Gasoline production increased, averaging 10.2 million b/d. Distillate fuel production increased, averaging 5.3 million b/d.

US crude oil imports averaged 9 million b/d, up by 1 million b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 8.1 million b/d, 0.9% more than the same period last year. Total motor gasoline imports averaged 663,000 b/d. Distillate fuel imports averaged 174,000 b/d.