US crude oil inventories for the week ended Oct. 20, excluding the Strategic Petroleum Reserve, increased by 1.4 million bbl from the previous week, according to data from the US Energy Information Administration.
At 421.1 million bbl, US crude oil inventories are about 5% below the 5-year average for this time of year, the EIA report indicated.
EIA said total motor gasoline inventories increased by 200,000 bbl from last week and are about 1% above 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 1.7 million bbl and are about 12% below the 5-year average for this time of year.
Propane-propylene inventories increased by 100,000 bbl from last week and are about 18% above the 5-year average for this time of year, EIA said.
US crude oil refinery inputs averaged 15.2 million b/d for the week ended Oct. 20, about 206,000 b/d less than the previous week’s average. Refineries operated at 85.6% of capacity.
Gasoline production increased, averaging 9.8 million b/d. Distillate fuel production increased, averaging 4.7 million b/d.
US crude oil imports averaged 6.0 million b/d, up 71,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 6.1 million b/d, 1.7% more than the same period last year. Total motor gasoline imports averaged 653,000 b/d. Distillate fuel imports averaged 116,000 b/d.