US crude oil inventories for the week ended Oct. 7, excluding the Strategic Petroleum Reserve, increased by 9.9 million bbl from the previous week, according to data from the US Energy Information Administration.
The report was published a day later than usual due to the US holiday Monday, Oct. 10.
At 439.1 million bbl, US crude oil inventories are about 1% below the 5-year average for this time of year, the EIA report indicated.
EIA said total motor gasoline inventories increased by 2.0 million bbl and are 8% below the 5-year range for this time of year. Finished gasoline inventories decreased while blending component inventories increased last week. Distillate fuel inventories decreased by 4.9 million bbl and are about 23% below the 5-year average for this time of year.
Propane-propylene inventories increased by 1.1 million bbl last week and are 1% above the 5-year average for this time of year, EIA said.
US refinery inputs averaged 15.7 million b/d for the week ended Oct. 7, about 279,000 b/d less than the previous week’s average. Refineries operated at 89.9% of capacity.
Gasoline production decreased, averaging 9.2 million b/d. Distillate fuel production decreased, averaging 4.9 million b/d.
US crude oil imports averaged 6.1 million b/d, up 100,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 6.4 million b/d, 2.5% less than the same period last year. Total motor gasoline imports averaged 699,000 b/d. Distillate fuel imports averaged 79,000 b/d.
