US crude oil inventories for the week ended June 13, excluding the Strategic Petroleum Reserve, decreased by 11.5 million bbl from the previous week, according to data from the US Energy Information Administration.
At 420.9 million bbl, US crude oil inventories are about 10% 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 2% below the 5-year average for this time of year. Finished gasoline inventories increased while blending components inventories decreased last week. Distillate fuel inventories increased by 500,000 bbl last week and are about 17% below the 5-year average for this time of year.
Propane-propylene inventories increased by 1.5 million bbl from last week and are 5% above the 5-year average for this time of year, EIA said.
US crude oil refinery inputs averaged 16.9 million b/d for the week ended June 13, which was 365,000 b/d less than the previous week’s average. Refineries operated at 93.2% of capacity.
Gasoline production increased, averaging 10.1 million b/d. Distillate fuel production increased by 77,000 b/d, averaging 5 million b/d.
US crude oil imports averaged 5.5 million b/d, down by 672,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged about 6.1 million b/d, 16.5% less than the same 4-week period last year. Total motor gasoline imports averaged 960,000 b/d. Distillate fuel imports averaged 153,000 b/d.