US crude oil inventories for the week ended Oct. 15, excluding the Strategic Petroleum Reserve, decreased by 400,000 bbl from the previous week, according to data from the US Energy Information Administration.
At 426.5 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 decreased by 5.4 million 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 3.9 million bbl from last week and are 10% below the 5-year average for this time of year.
Propane-propylene inventories increased by 1.9 million bbl and are about 17% below the 5-year average for this time of year, EIA said.
US refinery inputs averaged 15.0 million b/d for the week ended Oct. 15, about 71,000 b/d less than the previous week’s average. Refineries operated at 84.7% of capacity.
Gasoline production increased, averaging 10.1 million b/d. Distillate fuel production decreased, averaging 4.4 million b/d.
US crude oil imports averaged 5.8 million b/d, down 169,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 6.4 million b/d, 19.5% more than the same period last year. Total motor gasoline imports averaged 606,000 b/d. Distillate fuel imports averaged 202,000 b/d.