EIA Crude Inventory Data Shows Draw of 400 Thousand Barrels
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(Updated - October 20, 2021 10:32 AM EDT)
- Crude Inventory -431K Barrels vs +1.28M Expected
- Cushing -2.32M
- Gasoline -5.37M vs -712K Expected
- Distillate -3.91M vs -887K Expected
Summary of Weekly Petroleum Data for the week ending October 15, 2021
U.S. crude oil refinery inputs averaged 15.0 million barrels per day during the week ending October 15, 2021 which was 71,000 barrels per day less than the previous week’s average. Refineries operated at 84.7% of their operable capacity last week. Gasoline production increased last week, averaging 10.1 million barrels per day. Distillate fuel production decreased last week, averaging 4.4 million barrels per day.
U.S. crude oil imports averaged 5.8 million barrels per day last week, down by 169,000 barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.4 million barrels per day, 19.5% more than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 606,000 barrels per day, and distillate fuel imports averaged 202,000 barrels per day.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 0.4 million barrels from the previous week. At 426.5 million barrels, U.S. crude oil inventories are about 6% below the five year average for this time of year. Total motor gasoline inventories decreased by 5.4 million barrels last week and are about 3% below the five year average for this time of year. Finished gasoline inventories increased while blending components inventories decreased last week. Distillate fuel inventories decreased by 3.9 million barrels last week and are about 10% below the five year average for this time of year. Propane/propylene inventories increased by 1.9 million barrels last week and are about 17% below the five year average for this time of year. Total commercial petroleum inventories decreased by 9.8 million barrels last week.
Total products supplied over the last four-week period averaged 20.9 million barrels a day, up by 14.0% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 9.4 million barrels a day, up by 9.8% from the same period last year. Distillate fuel product supplied averaged 4.1 million barrels a day over the past four weeks, up by 8.3% from the same period last year. Jet fuel product supplied was up 50.1% compared with the same fourweek period last year.
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