US crude oil inventories for the week ended Aug. 13, excluding the Strategic Petroleum Reserve, decreased by 3.2 million bbl from the previous week, according to data from the US Energy Information Administration.
At 435.5 million bbl, US crude oil inventories are 6% below the 5-year average for this time of year, the EIA report indicated.
EIA said total motor gasoline inventories increased by 700,000 bbl from last week 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 decreased by 2.7 million bbl last week and are 8% below the 5-year average for this time of year.
Propane-propylene inventories increased by 1.4 million bbl and are about 18% below the 5-year average for this time of year, EIA said.
US refinery inputs averaged 16.0 million b/d for the week ended Aug. 13, about 191,000 b/d less than the previous week’s average. Refineries operated at 92.2% of capacity.
Gasoline production increased, averaging 10.0 million b/d. Distillate fuel production decreased, averaging 4.8 million b/d.
US crude oil imports averaged 6.4 million b/d, down 46,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 6.4 million b/d, 14.1% more than the same period last year. Total motor gasoline imports averaged 743,000 b/d. Distillate fuel imports averaged 142,000 b/d.
