US crude oil inventories for the week ended Nov. 15, excluding the Strategic Petroleum Reserve, increased by 1.4 million bbl from the previous week, data from the US Energy Information Administration showed.
At 450.4 million bbl, US crude oil inventories are about 3% above the 5-year average for this time of year, the report indicated.
EIA said total motor gasoline inventories increased by 1.8 million bbl and are about 2% above the 5-year range. Finished gasoline inventories decreased while blending components inventories increased last week. Distillate fuel inventories decreased by 1.0 million bbl and are about 11% below the 5-year average for this time of year.
Propane-propylene inventories decreased by 3.4 million bbl last week and are about 6% 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 Nov. 15, about 519,000 b/d more than the previous week’s average. Refineries operated at 89.5% of capacity.
Gasoline production decreased, averaging 10.1 million b/d. Distillate fuel production increased, averaging 5.1 million b/d.
US crude oil imports averaged 6.0 million b/d, up by 222,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 6.1 million b/d, 18% less than the same period last year. Total motor gasoline imports averaged 515,000 b/d. Distillate fuel imports averaged 315,000 b/d.
