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U.S. Crude Supplies Up, Other Petroleum Data Mixed

U.S. crude oil refinery inputs averaged 16.6 million barrels per day (b/d) during the week ending Sept. 1, 20,000 b/d more than the previous week’s average, according to THE weekly report issued by the U.S. Energy Information Administration (EIA) on Thursday.

Refineries operated at 93.1 percent of their operable capacity last week, said the Weekly Petroleum Data Report.

During the same period, gasoline and distillate fuel production fell, averaging 9.8 million b/d and 5.0 million b/d respectively.

U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, dropped by 6.3 million barrels from the previous week to 416.6 million barrels, about 4.0 percent below the five-year average for this time of year.

Total motor gasoline inventories went down by 2.7 million barrels from the previous week and were some 5.0 percent below the five-year average for this time of year.

Finished gasoline inventories and blending components inventories decreased last week.

Distillate fuel inventories rose by 0.7 million barrels last week, about 14 percent below the five-year average for this time of year.

Propane/propylene inventories went up 0.5 million barrels from last week, about 18 percent above the five-year average for this time of year.

Total commercial petroleum inventories surged by 0.4 million barrels last week.

Total products supplied over the last four-week period averaged 21.1 million b/d, up by 4.9 percent from the same period last year.

Over the past four weeks, motor gasoline product supplied averaged 9.0 million b/d, up by 3.0 percent from the same period last year.

Distillate fuel product supplied averaged 3.8 million b/d over the past four weeks, up by 0.3 percent from the same period last year.

Jet fuel product supplied was up 3.2 percent compared with the same four-week period last year. 

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