US crude oil inventories for the week ended Nov. 25, excluding the Strategic Petroleum Reserve, decreased by 12.6 million bbl from the previous week, according to data from the US Energy Information Administration.
At 419.1 million bbl, US crude oil inventories are about 8% below the 5-year average for this time of year, the EIA report indicated.
EIA said total motor gasoline inventories increased by 2.8 million bbl and are about 4% below the 5-year range for this time of year. Finished gasoline inventories and blending component inventories both increased last week. Distillate fuel inventories increased by 3.5 million bbl and are about 11% below the 5-year average for this time of year.
Propane-propylene inventories increased by 1.6 million bbl last week and are about 13% above the 5-year average for this time of year, EIA said.
US refinery inputs averaged 16.6 million b/d for the week ended Nov. 25, about 228,000 b/d more than the previous week’s average. Refineries operated at 95.2% of capacity.
Gasoline production increased, averaging 9.4 million b/d. Distillate fuel production increased, averaging 5.3 million b/d.
US crude oil imports averaged 6.0 million b/d, down 1.0 million b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 6.3 million b/d, 0.9% less than the same period last year. Total motor gasoline imports averaged 535,000 b/d. Distillate fuel imports averaged 152,000 b/d.