US Crude Supplies Fall, Other Oil Data Mixed

JABAR EKSPRES – US crude oil refinery inputs averaged 16 million barrels per day during the week ended June 30, 224,000 barrels per day less than the previous week’s average, according to a weekly report issued by the US Energy Information Agency (EIA) on Thursday (7/6).

Refineries operated at 91.1 percent of their operating capacity last week, the Weekly Petroleum Data report said.

Both gasoline and distillate fuel production rose last week, reaching an average of 10.3 million barrels per day and 4.9 million barrels per day, respectively.

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US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), fell 1.5 million barrels from the previous week to 452.2 million barrels, about 1.0 percent below the five-year average for the year.

Total motor gasoline inventories fell 2.5 million barrels from the previous week, and are about 7.0 percent below the five-year average for the year.

Inventories of finished gasoline and blending components each declined last week. Distillate fuel inventories fell 1.0 million barrels last week, about 16 percent below the five-year average for the year.

Propane/propylene inventories rose 1.6 million barrels last week, about 26 percent above the five-year average for the year.

Total commercial petroleum inventories fell by 2.8 million barrels last week. Total products supplied during the most recent four-week period averaged 20.7 million barrels per day, up 3.5 percent from the same period last year.

Over the past four weeks, motor gasoline products supplied averaged 9.4 million barrels per day, up 4.3 percent from the same period last year.

Distillate fuel products supplied averaged 3.7 million barrels per day over the past four weeks, down 4.9 percent from the same period last year. Jet fuel products supplied were up 8.0 percent compared to the same four-week period last year.

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