US crude oil inventories for the week ended Feb. 7, excluding the Strategic Petroleum Reserve, increased by 7.5 million bbl from the previous week, according to data from the US Energy Information Administration.
At 442.5 million bbl, US crude oil inventories about 2% below the 5-year average for this time of year, the EIA report indicated.
EIA said total motor gasoline inventories decreased by 100,000 bbl and are 3% above the 5-year range for this time of year. Finished gasoline inventories decreased while blending component inventories increased last week. Distillate fuel inventories decreased by 2.0 million bbl and are about 5% below the 5-year average for this time of year.
Propane-propylene inventories decreased by 6.2 million bbl last week and are about 32% above the 5-year average for this time of year, EIA said.
US refinery inputs averaged 16.0 million b/d for the week ended Feb. 7, about 48,000 b/d more than the previous week’s average. Refineries operated at 88.0% of capacity.
Gasoline production decreased, averaging 9.2 million b/d. Distillate fuel production decreased, averaging 4.8 million b/d.
US crude oil imports averaged 7.0 million b/d, up 363,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 6.7 million b/d, 6.8% less than the same period last year. Total motor gasoline imports averaged 406,000 b/d. Distillate fuel imports averaged 102,000 b/d.