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 4,591 MBBL last week to 472,832 MBBL, up from 468,241 MBBL last week. This is slightly below the 473,966 MBBL that was in storage at this point last year, and is 25% above the five-year average. This week’s storage build exceeded expectations, which predicted an increase of 3,865 MBBL.
Gasoline inventories fell by 2.1 MBBL this week, dropping to 216.2 MBBL. Fuel oil inventories declined to 138.9 MBBL, from 144.6 MBBL last week. Other refined product stocks increased to 477.7 MMBBL from 481.1 MBBL.
The four-week average total crude oil inputs to refineries fell to 15,362 MBOPD, up from 15,934 MBOPD. This means refineries are running at 84.3% of capacity. American refineries produced an average of 9,950 MBBLPD of gasoline and 4,516 MBBLPD of distillate fuel oil over the past four weeks.
Source; EnerCom Analytics
Source: EnerCom Analytics
