US crude oil inventories for the week ended Aug. 6, excluding the Strategic Petroleum Reserve, decreased by 400,000 bbl from the previous week, according to data from the US Energy Information Administration.
At 438.8 million bbl, US crude oil inventories are 6% below the 5-year average for this time of year, the EIA report indicated.
EIA said total motor gasoline inventories decreased by 1.4 million bbl from last week and are about 3% below the 5-year range for this time of year. Finished gasoline inventories increased while blending component inventories decreased last week. Distillate fuel inventories increased by 1.8 million bbl last week and are 6% below the 5-year average for this time of year.
Propane-propylene inventories decreased by 600,000 bbl and are about 18% below the 5-year average for this time of year, EIA said.
US refinery inputs averaged 16.2 million b/d for the week ended Aug. 6, about 277,000 b/d more than the previous week’s average. Refineries operated at 91.8% of capacity.
Gasoline production decreased, averaging 10.0 million b/d. Distillate fuel production increased, averaging 4.9 million b/d.
US crude oil imports averaged 6.4 million b/d, down 36,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 6.6 million b/d, 16.3% more than the same period last year. Total motor gasoline imports averaged 925,000 b/d. Distillate fuel imports averaged 185,000 b/d.