US Crude Supplies Fall, Other Oil Data Mixed

JABAR EKSPRES – US crude oil refinery inputs averaged 16.6 million barrels per day during the week ended June 9, 60,000 barrels per day lower than the previous week’s average, according to the weekly report issued by the US Energy Information Agency (EIA) on Wednesday (6/14).

Refineries operated at 93.7 percent of their operating capacity last week, the Weekly Petroleum Data Report said.

During the same period, gasoline production rose and distillate fuel production fell, averaging 10.2 million barrels per day and 5.0 million barrels per day, respectively.

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, rose 7.9 million barrels from the previous week to 467.1 million barrels, and were at the five-year average for the year.

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Total motor gasoline inventories rose 2.1 million barrels from the previous week and are about seven percent below the five-year average for this time of year.

Finished gasoline inventories and blending component inventories jumped last week.

Distillate fuel inventories rose 2.1 million barrels last week, about 14 percent below the five-year average for the year.

Propane/propylene inventories rose 3.1 million barrels last week, about 30 percent above the five-year average for the year.

Total commercial petroleum inventories rose 12.1 million barrels last week.

Total products supplied over the latest four-week period averaged 19.9 million barrels per day, up 0.8 percent from the same period last year.

Over the past four weeks, motor gasoline products supplied averaged 9.2 million barrels per day, up 2.4 percent from the same period last year.

Distillate fuel products supplied averaged 3.8 million barrels per day over the past four weeks, up 0.8 percent from the same period last year.

Jet fuel products supplied were down 0.7 percent compared to the same four-week period last year.

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