EIA’s Weekly Petroleum Report: U.S. Crude Oil Inputs Averaged 15.4 Mln Barrels/Day

In its weekly report, U.S. Energy Information Administration (EIA) stated that the U.S. crude oil refinery inputs were close to 15.4 million barrels per day during the week ending June 13, 2014. This input represents a decrease of 150,000 barrels per day from the previous week’s average.

Offshore Oil Drilling BP RIG

According to the report, refineries operated at 87.1% of their operable capacity last week. The increase was reported in gasoline production, averaging over 9.8 million barrels per day. While distillate fuel production decreased last week, averaging over 4.7 million barrels per day.

During the week ending June 13, 2014, U.S. crude oil imports averaged more than 7.2 million barrels per day, representing an increase of 88,000 barrels per day from the previous week. Over the last four weeks, crude oil imports averaged over 7.3 million barrels per day, a 6.6% decrease from the same four-week period last year.

Total motor gasoline imports were close to 766,000 barrels per day. Distillate fuel imports averaged 106,000 barrels per day and remained same as the previous week, according to the EIA’s report.

“U.S. commercial crude oil inventories decreased by 0.6 million barrels from the previous week. Total motor gasoline inventories increased by 0.8 million barrels last week, and are in the upper half of the average range. Finished gasoline inventories increased while blending components inventories decreased last week. Distillate fuel inventories increased by 0.4 million barrels last week but are below the lower limit of the average range for this time of year,” EIA said.

Propane/propylene inventories increased 2.0 million barrels and are in the upper half of the average range. Total commercial petroleum inventories rose by 6.0 million barrels.

Over the last four-week period, total products supplied averaged 18.7 million barrels per day, up by 1.8% from the same period last year. Over the last four weeks, motor gasoline product supplied averaged 9.1 million barrels per day, up by 2.9% from the same period last year.

Distillate fuel product supplied averaged more than 4.0 million barrels per day over the last four weeks, representing a 2.5% increase from the same period last year. Jet fuel product supplied rose 3.1%, compared to the same four-week period last year.

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