US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 10.3 million bbl for the week ended Nov. 9, according to data from the US Energy Information Administration.
EIA released the Weekly Petroleum Status Report a day later than normal because of the closure of the federal government on Nov. 12 for the observance of Veterans Day.
At 442.1 million bbl, US crude oil inventories are about 5% above the 5-year average for this time of year, the report indicated.
EIA said total motor gasoline inventories decreased by 1.4 million bbl and are about 7% above the 5-year range. Finished gasoline inventories increased while blending components inventories decreased last week. Distillate fuel inventories decreased 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 800,000 bbl last week and are at the 5-year average for this time of year, EIA said.
US refinery inputs averaged 16.4 million b/d for the week ended Nov. 9, about 24,000 b/d more than the previous week’s average. Refineries operated at 90.1% of capacity.
Gasoline production increased, averaging 10.1 million b/d. Distillate fuel production increased, averaging 5 million b/d.
US crude oil imports averaged 7.5 million b/d, down by 87,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 7.5 million b/d, 3.1% less than the same period last year. Total motor gasoline imports averaged 253,000 b/d. Distillate fuel imports averaged 305,000 b/d.
