EIA Weekly Crude Inventory Increases by Nearly 1 Million Barrels

(Updated - November 25, 2015 10:32 AM EST)

• Crude Inventory 961K Barrels vs 1.2M Expected
• Gasoline Inventory 2.48M vs 280K Expected

U.S. crude oil refinery inputs averaged 16.4 million barrels per day during the week ending November 20, 2015, 304,000 barrels per day more than the previous week’s average. Refineries operated at 92.0% of their operable capacity last week. Gasoline production decreased last week, averaging over 9.5 million barrels per day. Distillate fuel production decreased slightly last week, averaging over 5.0 million barrels per day.

U.S. crude oil imports averaged over 7.3 million barrels per day last week, up by 365,000 barrels per day from the previous week. Over the last four weeks, crude oil imports averaged about 7.2 million barrels per day, 0.1% below the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 459,000 barrels per day. Distillate fuel imports averaged 130,000 barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.0 million barrels from the previous week. At 488.2 million barrels, U.S. crude oil inventories remain near levels not seen for this time of year in at least the last 80 years. Total motor gasoline inventories increased by 2.5 million barrels last week, and are well above the upper limit of the average range. Both finished gasoline inventories and blending components inventories increased last week. Distillate fuel inventories increased by 1.0 million barrels last week and are in the upper half of the average range for this time of year. Propane/propylene inventories rose 1.7 million barrels last week and are well above the upper limit of the average range. Total commercial petroleum inventories increased by 2.1 million barrels last week.

Total products supplied over the last four-week period averaged over 19.5 million barrels per day, down by 1.8% from the same period last year. Over the last four weeks, motor gasoline product supplied averaged over 9.1 million barrels per day, down by 0.2% from the same period last year. Distillate fuel product supplied averaged over 3.9 million barrels per day over the last four weeks, up by 2.1% from the same period last year. Jet fuel product supplied is up 4.1% compared to the same four-week period last year.

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