EIA: US crude inventories up 400,000 bbl

Feb. 20, 2020
US crude oil inventories for the week ended Feb. 14, excluding the Strategic Petroleum Reserve, increased by 400,000 bbl from the previous week, according to data from the US Energy Information Administration.

US crude oil inventories for the week ended Feb. 14, excluding the Strategic Petroleum Reserve, increased by 400,000 bbl from the previous week, according to data from the US Energy Information Administration.

The report was issued a day later than usual due to the closure of the federal government on Monday, Feb. 17.

At 442.9 million bbl, US crude oil inventories are 2% below the 5-year average for this time of year, the EIA report indicated.

EIA said total motor gasoline inventories decreased by 2.0 million bbl and are 3% above the 5-year range for this time of year. Finished gasoline inventories and blending component inventories both decreased last week. Distillate fuel inventories decreased by 600,000 bbl and are about 4% below the 5-year average for this time of year.

Propane-propylene inventories decreased by 3.0 million bbl last week and are about 35% above the 5-year average for this time of year, EIA said.

US refinery inputs averaged 16.2 million b/d for the week ended Feb. 14, about 190,000 b/d more than the previous week’s average. Refineries operated at 89.4% of capacity.

Gasoline production increased, averaging 9.5 million b/d. Distillate fuel production increased, averaging 4.9 million b/d.

US crude oil imports averaged 6.5 million b/d, down 431,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 6.7 million b/d, 4.1% less than the same period last year. Total motor gasoline imports averaged 421,000 b/d. Distillate fuel imports averaged 127,000 b/d.