US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 6.3 million bbl for the week ended Oct. 19, according to data from the US Energy Information Administration.
At 422.8 million bbl, US crude oil inventories are about 2% above the 5-year average for this time of year, the report indicated.
Separately, the American Petroleum Institute said its own estimates showed US crude inventories increased week-over-week to 418.4 million bbl.
EIA said total motor gasoline inventories decreased by 4.8 million bbl and are about 6% above the 5-year range. Finished gasoline inventories and blending components inventories both decreased last week. Distillate fuel inventories decreased by 2.3 million bbl last week and are about 4% below the 5-year average for this time of year.
Propane-propylene inventories decreased by 300,000 bbl last week and are about 4% below the 5-year average for this time of year, EIA said.
US refinery inputs averaged 16.3 million b/d for the week ended Oct. 19, about 48,000 b/d less than the previous week’s average. Refineries operated at 89.2% of capacity.
Gasoline production decreased, averaging 10 million b/d. Distillate fuel production increased, averaging 5 million b/d.
US crude oil imports averaged 7.7 million b/d, up by 63,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 7.7 million b/d, 0.7% more than the same period last year. Total motor gasoline imports averaged 331,000 b/d. Distillate fuel imports averaged 163,000 b/d.
