US crude oil inventories for the week ended June 16, excluding the Strategic Petroleum Reserve, decreased by 3.8 million bbl from the previous week, according to data from the US Energy Information Administration.
The report was issued one day later than usual due to the federal holiday Monday, June 19.
At 463.3 million bbl, US crude oil inventories sit at the 5-year average for this time of year, the EIA report indicated.
EIA said total motor gasoline inventories increased by 500,000 bbl and are about 7% below the 5-year range for this time of year. Finished gasoline inventories decreased while blending component inventories increased last week. Distillate fuel inventories increased by 400,000 bbl and are about 14% below the 5-year average for this time of year.
Propane-propylene inventories increased by 1.5 million bbl and are about 27% above the 5-year average for this time of year, EIA said.
US refinery inputs averaged 16.5 million b/d for the week ended June 16, about 116,000 b/d less than the previous week’s average. Refineries operated at 93.1% of capacity.
Gasoline production decreased, averaging 9.8 million b/d. Distillate fuel production increased, averaging 5.1 million b/d.
US crude oil imports averaged 6.2 million b/d, down 220,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 6.5 million b/d, 2.3% more than the same period last year. Total motor gasoline imports averaged 925,000 b/d. Distillate fuel imports averaged 144,000 b/d.
