US crude oil inventories for the week ended Apr. 22, excluding the Strategic Petroleum Reserve (SPR), increased by 700,000 bbl from the previous week, according to data from the US Energy Information Administration.
The SPR released 2.9 million bbl during the week.
At 414.4 million bbl, US crude oil inventories are about 16% below the 5-year average for this time of year, the EIA report indicated.
EIA said total motor gasoline inventories decreased by 1.6 million bbl and are about 4% below 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 1.4 million bbl and are about 21% below the 5-year average for this time of year.
Propane-propylene inventories increased by 2.2 million bbl last week and are about 12% below the 5-year average for this time of year, EIA said.
US refinery inputs averaged 15.7 million b/d for the week ended Apr. 22, about 33,000 b/d less than the previous week’s average. Refineries operated at 90.3% of capacity.
Gasoline production decreased, averaging 9.5 million b/d. Distillate fuel production decreased, averaging 4.8 million b/d.
US crude oil imports averaged 5.9 million b/d, up 98,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 6.0 million b/d, 0.3% less than the same period last year. Total motor gasoline imports averaged 845,000 b/d. Distillate fuel imports averaged 125,000 b/d.