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 rose by 5,778 MBBL last week to 438,132 MBBL from 432,354MBBL. This is 15% below the 516,340 MBBL that was in storage at this point last year, and is marginally below the five-year average. This week’s build was a significant surprise, as the average analyst prediction called for a draw of 2,071 MBBL.

Weekly Oil Storage: Large Surprise Build

Gasoline inventories rose by 1.9 MMBBL this week to 233.9 MMBBL. Fuel oil inventories fell to 114.0 MMBBL, from 114.9 MMBBL last week. Overall, petroleum stocks excluding the SPR rose by 6.7 MMBBL to 1,192.3 MMBBL.

Preliminary data suggests over the past four weeks the U.S. produced 10,693 MBOPD, imported 7,908 MBOPD and exported 2,085 MBOPD.

The four-week average total crude oil inputs to refineries increased to 16,578 MBOPD, from 16,576 MBOPD. This means refineries are running at 91.1% of capacity. American refineries produced an average of 10,133 MBBLPD of gasoline and 4,989 MBBLPD of distillate fuel oil over the past four weeks.

Weekly Oil Storage: Large Surprise Build

Weekly Oil Storage: Large Surprise Build


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