JABAR EKSPRES – US crude oil refinery inputs averaged 16.2 million barrels per day during the week ended May 26, 96,000 barrels per day more than the previous week’s average, according to the weekly report issued by the US Energy Information Administration (EIA) on Thursday (6/1/2023).
Refineries operated at 93.1 percent of their operating capacity last week, the Weekly Petroleum Data Report said.
During the same period, gasoline production fell and distillate fuel production rose, reaching an average of ten million barrels per day and five million barrels per day, respectively.
US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, rose 4.5 million barrels from the previous week to 459.7 million barrels, two percent below the five-year average for the year.
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Total motor gasoline inventories fell 0.2 million barrels from the previous week and are about eight percent below the five-year average for this time of year.
Finished gasoline inventories rallied while blended component inventories fell last week.
Distillate fuel inventories jumped one million barrels last week, and are about 18 percent below the five-year average for the year.
Propane/propylene inventories rose four million barrels last week, and are about 33 percent above the five-year average for the year.
Total commercial petroleum inventories rose 11.3 million barrels last week. Total product supplied during the most recent four-week period averaged 20 million barrels per day, up 2.3 percent from the same period last year.
Over the past four weeks, motor gasoline products supplied averaged 9.2 million barrels per day, up 3.5 percent from the same period last year.
Distillate fuel products supplied averaged 3.9 million barrels over the past four weeks, up 1.2 percent from the same period last year. Meanwhile, jet fuel products supplied were up three percent compared to the same four-week period last year.
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