US crude oil inventories for the week ended Apr. 26, excluding the Strategic Petroleum Reserve, increased by 9.9 million bbl from the previous week, according to data from the US Energy Information Administration.
At 470.6 million bbl, US crude oil inventories are at 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 by 6.8 million bbl for the week.
EIA said total motor gasoline inventories increased by 900,000 bbl and are 2% below the 5-year range for this time of year. Finished gasoline inventories and blending components inventories both increased last week. Distillate fuel inventories decreased by 1.3 million bbl and are about 6% below the 5-year average for this time of year.
Propane-propylene inventories increased by 1.2 million bbl last week and are about 21% above the 5-year average for this time of year, EIA said.
US refinery inputs averaged 16.4 million b/d for the week ended Apr. 26, about 137,000 b/d less than the previous week’s average. Refineries operated at 89.2% of capacity.
Gasoline production increased, averaging 9.9 million b/d. Distillate fuel production increased, averaging 5.1 million b/d.
US crude oil imports averaged 7.4 million b/d, up by 265,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 6.8 million b/d, 19.2% less than the same period last year. Total motor gasoline imports averaged 770,000 b/d. Distillate fuel imports averaged 63,000 b/d.
