EIA: US crude oil inventories up 4.7 million bbl
US crude oil inventories for the week ended Nov. 6, excluding the Strategic Petroleum Reserve, increased by 4.7 million bbl from the previous week, according to data from the US Energy Information Administration (EIA).
The report was released a day later than usual due to the due to the closure of the Federal government on Wednesday, Nov. 11.
At 414.4 million bbl, US crude oil inventories are 4% below the 5-year average for this time of year, the EIA report indicated.
Gasoline inventories increased 1.8 million bbl, 1% above the 5-year average. Propane-propylene inventories increased 100,000 bbl, 12% above the 5-year average. Total commercial petroleum inventories increased by 11.4 million bbl for the week. Distillate inventories increased 4.1 million bbl, 8% below the 5-year average.
US crude oil refinery inputs averaged 17.0 million b/d for the week ended Nov. 6, which was 322,000 b/d more than the previous week’s average. Refineries operated at 95.2% of capacity.
Gasoline output averaged 9.6 million b/d, and distillate production decreased to 5.1 million b/d.
Crude oil imports increased 325,000 b/d to 6.7 million b/d. The 4-week average of 6.3 million b/d is 14% above the year-ago level. Gasoline imports averaged 202,000 b/d; distillate imports averaged 99,000 b/d.
Over the past four weeks, total product supplied averaged 20.8 million b/d, up 0.9% year over year. The 4-week average for gasoline product supplied decreased 1.0% year over year to 8.7 million b/d, while the 4-week average for distillate product supplied increased 4.2% to 3.9 million b/d. The 4-week average for jet fuel product supplied increased 1.8% year over year.




