Crude Inventory Data Shows Decrease of 2.1 Million Barrels Last Week
- Futures subdued as rate-cut bets face payrolls' test
- Bernstein's best idea for 2024? Short Tesla stock
- Analysts defend Broadcom as annual guidance falls short after FQ4 earnings beat
- Microsoft (MSFT) dips as UK's CMA seeks views on partnership with OpenAI
- 3 reasons why Morgan Stanley expects continued Apple stock outperformance
- Crude Inventory -2.14M Barrels vs -720K Expected
- Cushing -2.06M
- Gasoline -831K vs 667K Expected
- Distillate -2.87M vs 177K Expected
Summary of Weekly Petroleum Data for the week ending September 15, 2023
U.S. crude oil refinery inputs averaged 16.3 million barrels per day during the week ending September 15, 2023, which was 496 thousand barrels per day less than the previous week’s average. Refineries operated at 91.9% of their operable capacity last week. Gasoline production increased last week, averaging 9.7 million barrels per day. Distillate fuel production decreased last week, averaging 4.8 million barrels per day.
U.S. crude oil imports averaged 6.5 million barrels per day last week, decreased by 1.1 million barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.9 million barrels per day, 7.9% more than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 511 thousand barrels per day, and distillate fuel imports averaged 83 thousand barrels per day.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.1 million barrels from the previous week. At 418.5 million barrels, U.S. crude oil inventories are about 3% below the five year average for this time of year. Total motor gasoline inventories decreased by 0.8 million barrels from 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 2.9 million barrels last week and are about 14% below the five year average for this time of year. Propane/propylene inventories increased 1.6 million barrels from last week and are 20% above the five year average for this time of year. Total commercial petroleum inventories increased by 3.0 million barrels last week.
Total products supplied over the last four-week period averaged 20.9 million barrels a day, up by 6.8% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 8.8 million barrels a day, up by 2.8% from the same period last year. Distillate fuel product supplied averaged 3.8 million barrels a day over the past four weeks, up by 11.5% from the same period last year. Jet fuel product supplied was up 14.2% compared with the same fourweek period last year.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Crude Inventory Data Shows Draw of 4.6 Million Barrels Last Week
- Oil prices rise after bruising losses amid talks of more OPEC+ measures
- Oil Inventories unexpectedly jumped by 594,000 Barrels Last Week: API
Create E-mail Alert Related CategoriesCommodities, ETFs, Economic Data
Related EntitiesCrude Oil
Sign 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!