US crude oil inventories for the week ended Jan. 15, excluding the Strategic Petroleum Reserve, increased by 4.4 million bbl from the previous week, according to data from the US Energy Information Administration.
At 486.6 million bbl, US crude oil inventories are 9% above the 5-year average for this time of year, the EIA report indicated.
EIA said total motor gasoline inventories decreased by 300,000 bbl and are about 3% below the 5-year range for this time of year. Finished gasoline inventories increased while blending component inventories decreased last week. Distillate fuel inventories increased by 500,000 bbl and are about 8% above the 5-year average for this time of year.
Propane-propylene inventories decreased by 6.2 million bbl last week and are about 11% below the 5-year average for this time of year, EIA said.
US refinery inputs averaged 14.8 million b/d for the week ended Jan. 15, about 110,000 b/d more than the previous week’s average. Refineries operated at 82.5% of capacity.
Gasoline production increased, averaging 8.9 million b/d. Distillate fuel production decreased, averaging 4.5 million b/d.
US crude oil imports averaged 6.0 million b/d, down 194,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 5.7 million b/d, 11.8% less than the same period last year. Total motor gasoline imports averaged 504,000 b/d. Distillate fuel imports averaged 460,000 b/d.
