US commercial crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 15.2 million bbl for the week ended Apr. 3 compared with the previous week, the Energy Information Administration said.
At 484.4 million bbl, oil inventories reached about 2% above the 5-year average for this time of year, EIA said in its weekly Petroleum Status Report.
Total motor gasoline inventories climbed by 10.5 million bbl, reaching 10% above the 5-year average for this time of year. Finished gasoline and blending components inventories both increased. Distillate fuel inventories increased by 476,000 bbl to reach about 12% below the 5-year average for this time of year.
Propane-propylene inventories decreased by 168,000 bbl for the week ended Apr. 3, reaching about 26% above the 5-year average for this time of year.
US refineries operated at 75.6% of capacity, with inputs averaging 13.6 million b/d for the week ended Apr. 3, which was 1.3 million b/d less than the previous week’s average. Gasoline production decreased, averaging 5.8 million b/d. Distillate fuel production increased, averaging 5.0 million b/d.
Crude oil imports averaged 5.9 million b/d for the week ended Aug. 2. Over the past 4 weeks, oil imports averaged about 6.1 million b/d, which was 8.4% less than the same 4-week period for 2019.
Total motor gasoline imports, including both finished gasoline and gasoline blending components, last week averaged 493,000 b/d and distillate fuel imports averaged 185,000 b/d.
