US commercial crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 19.2 million bbl for the week ended Apr. 10 compared with the previous week, the Energy Information Administration said.
At 503.6 million bbl, oil inventories are about 6% above the 5-year average for this time of year, EIA said in its weekly Petroleum Status Report.
Total motor gasoline inventories increased by 4.9 million bbl, reaching 12% above the 5-year average for this time of year. Finished gasoline and blending components inventories both increased. Distillate fuel inventories increased by 6.3 million bbl to reach about 7% below the 5-year average for this time of year.
Propane-propylene inventories decreased by 2.2 million bbl for the week ended Apr. 10, about 18% above the 5-year average for this time of year.
US refineries operated at 69.1% of capacity, with inputs averaging 12.7 million b/d for the week, which was 1.0 million b/d less than the previous week’s average. Gasoline production increased, averaging 5.9 million b/d. Distillate fuel production decreased, averaging 4.9 million b/d.
Crude oil imports fell, averaging 5.7 million b/d for the week. That was down by 194,000 b/d from the previous week. Over the past 4 weeks, oil imports averaged about 5.9 million b/d, which was 8.4% less than the same 4-week period for 2019.
Total motor gasoline imports, including both finished gasoline and gasoline blending components, last week averaged 402,000 b/d and distillate fuel imports averaged 313,000 b/d.