US crude oil inventories for the week ended June 20, excluding the Strategic Petroleum Reserve, decreased by 5.8 million bbl from the previous week, according to data from the US Energy Information Administration (EIA).
At 415.1 million bbl, US crude oil inventories are about 11.1% below the 5-year average for this time of year, the EIA report indicated.
EIA said total motor gasoline inventories decreased by 2.1 million bbl from last week and are about 3% below the 5-year average for this time of year. Finished gasoline inventories and blending component inventories both decreased last week. Distillate fuel inventories decreased by 4.1 million bbl last week and are about 20% below the 5-year average for this time of year.
Propane-propylene inventories increased by 5.1 million bbl from last week and are 9% above the 5-year average for this time of year, EIA said.
US crude oil refinery inputs averaged 17 million b/d for the week ended June 20, which was 125,000 b/d more than the previous week’s average. Refineries operated at 94.7% of capacity.
Gasoline production remained flat, averaging 10.1 million b/d. Distillate fuel production decreased by 185,000 b/d, averaging 4.8 million b/d.
US crude oil imports averaged 5.9 million b/d, up by 439,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged about 6 million b/d, 17.4% less than the same 4-week period last year. Total motor gasoline imports averaged 1,007,000 b/d. Distillate fuel imports averaged 73,000 b/d.
