EIA: US crude oil inventories up 900,000 bbl
US crude oil inventories for the week ended Sept. 25, excluding the Strategic Petroleum Reserve, increased by 900,000 bbl from the previous week, according to data from the US Energy Information Administration (EIA).
At 427.3 million bbl, US crude oil inventories are 2% above the 5-year average for this time of year, the EIA report indicated.
Gasoline output averaged 9.5 million b/d, and distillate production decreased to 5.0 million b/d.
Propane-propylene inventories increased 1.8 million bbl, 20% above the 5-year average. Total commercial petroleum inventories decreased by 7 million bbl for the week. Distillate inventories decreased 2.3 million barrels, 14% below the five-year average.
US crude oil refinery inputs averaged 16.3 million b/d for the week ended Sept. 25, which was 554,000 b/d less than the previous week’s average. Refineries operated at 92.5% of capacity.
Crude oil imports decreased 179,000 million b/d to 5.7 million b/d. The 4-week average of 6.4 million b/d is 4.8% above the year-ago level. Gasoline imports averaged 500,000 b/d; distillate imports averaged 153,000 b/d.
Over the past four weeks, total product supplied averaged 20.8 million b/d, up 2.1% year over year. The 4-week average for gasoline product supplied increased 0.3% year over year to 8.7 million b/d, while the 4-week average for distillate product supplied increased 5.2% to 3.8 million b/d. The 4-week average for jet fuel product supplied increased 6.5% year over year.
