The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.
Crude oil stocks fell by 1,846 MBBL last week to 470,986 MBBL, from 472,832 MBBL. This is slightly below the 472,084 MBBL that was in storage at this point last year, and is 25% above the five-year average. This week’s storage draw surprised, as the average analyst prediction called for an increase of 2,523 MBBL.
Source: EnerCom Analytics
Gasoline inventories rose by 1.1 MBBL this week, growing to 217.3 MBBL. Fuel oil inventories declined to 138.0 MBBL, from 138.9 MBBL last week. Other refined product stocks fell to 474.2 MMBBL from 477.7 MBBL.
The four-week average total crude oil inputs to refineries fell to 14,974 MBOPD, down from 15,362 MBOPD. This means refineries are running at 82.3% of capacity. American refineries produced an average of 9,763 MBBLPD of gasoline and 4,412 MBBLPD of distillate fuel oil over the past four weeks.
Source: EnerCom Analytics
Source: EnerCom Analytics
