Source: Energy Industry Association
American commercial crude oil inventories fell in the previous week, as both inputs and imports posted declines during the period.
- US commercial crude oil inventories stood at 428.3 million barrels, down by 4.6 million barrels from the previous week. This is 7% below the five-year average.
- Declines were seen in the total inventories of motor gasoline, distillate fuel, propane/propylene, and commercial petroleum. Finished petrol was unchanged.
- Crude oil refinery inputs declined by 155,000 barrels per day to 15.7 million barrels per day, as distillate fuel production fell while gasoline production grew.
- Crude oil imports averaged 6.5 million barrels per day, reflecting a decline of 28,000 barrels per day versus the previous week.
- Total motor gasoline imports averaged 499,000 barrels per day, while distillate fuel imports averaged 450,000 barrels per day.
- Total products supplied in the monthly moving average stood at 21.3 million barrels a day, 12.6% higher than the comparable period in 2020.