UPDATE: Crude Inventory +1.3M Barrels vs +3.2M Expected
- Crude Inventory +1.3M Barrels vs +3.2M Expected
- Gasoline Inventory -747K vs -2.47K Expected
U.S. crude oil refinery inputs averaged 16.0 million barrels per day during the week ending March 11, 2016, 85,000 barrels per day more than the previous week’s average. Refineries operated at 89.0% of their operable capacity last week. Gasoline production increased last week, averaging over 10.0 million barrels per day. Distillate fuel production increased last week, averaging 4.8 million barrels per day.
U.S. crude oil imports averaged 7.7 million barrels per day last week, down by 355,000 barrels per day from the previous week. Over the last four weeks, crude oil imports averaged about 8.0 million barrels per day, 10.0% above the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 716,000 barrels per day. Distillate fuel imports averaged 258,000 barrels per day last week.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.3 million barrels from the previous week. At 523.2 million barrels, U.S. crude oil inventories are at historically high levels for this time of year. Total motor gasoline inventories decreased by 0.7 million barrels last week, but are well above the upper limit of the average range. Finished gasoline inventories increased while blending components inventories decreased last week. Distillate fuel inventories decreased by 1.1 million barrels last week but are above the upper limit of the average range for this time of year. Propane/propylene inventories rose 0.2 million barrels last week and are well above the upper limit of the average range. Total commercial petroleum inventories increased by 1.8 million barrels last week.
Total products supplied over the last four-week period averaged over 19.7 million barrels per day, up by 1.8% from the same period last year. Over the last four weeks, motor gasoline product supplied averaged 9.4 million barrels per day, up by 6.4% from the same period last year. Distillate fuel product supplied averaged about 3.7 million barrels per day over the last four weeks, down by 7.7% from the same period last year. Jet fuel product supplied is up 1.8% compared to the same four-week period last year
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Crude Inventory Rose 2.7 Million Barrels Last Week, Says EIA
- Natural Gas Inventory 50 bcf vs 52 bcf Expected
- Instant view: Oil, Japan's yen up on reports Israeli missiles hit Iran
Create E-mail Alert Related Categories
Commodities, ETFs, Economic DataRelated Entities
Crude OilSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!