US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 3.2 million bbl for the week ended Oct. 26, according to data from the US Energy Information Administration.
At 426 million bbl, US crude oil inventories are about 2% above the 5-year average for this time of year, the report indicated.
Separately, the American Petroleum Institute said its own estimates showed US crude inventories increased week-over-week to 424.1 million bbl.
EIA said total motor gasoline inventories decreased by 3.2 million bbl and are about 6% above the 5-year range. Finished gasoline inventories increased while blending components inventories decreased last week. Distillate fuel inventories decreased by 4.1 million bbl last week and are about 5% below the 5-year average for this time of year.
Propane-propylene inventories increased by 1 million bbl last week and are about 3% below the 5-year average for this time of year, EIA said.
US refinery inputs averaged 16.4 million b/d for the week ended Oct. 26, about 149,000 b/d more than the previous week’s average. Refineries operated at 89.4% of capacity.
Gasoline production increased, averaging 10.4 million b/d. Distillate fuel production increased, averaging 5 million b/d.
US crude oil imports averaged 7.3 million b/d, down by 334,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 7.5 million b/d, 2.5% less than the same period last year. Total motor gasoline imports averaged 363,000 b/d. Distillate fuel imports averaged 141,000 b/d.