US crude oil inventories for the week ended Oct. 6, excluding the Strategic Petroleum Reserve, increased by 10.2 million bbl from the previous week, according to data from the US Energy Information Administration.
At 424.2 million bbl, US crude oil inventories are about 3% below the 5-year average for this time of year, the EIA report indicated.
The report was released a day later than usual due to the government holiday on Monday, Oct. 9.
EIA said total motor gasoline inventories decreased by 1.3 million bbl from last week and are about 1% above the 5-year range for this time of year. Finished gasoline inventories and blending component inventories both decreased last week. Distillate fuel inventories decreased by 1.8 million bbl and are about 11% below the 5-year average for this time of year.
Propane-propylene inventories increased by 100,000 bbl from last week and are about 18% above the 5-year average for this time of year, EIA said.
US crude oil refinery inputs averaged 15.2 million b/d for the week ended Oct. 6, about 399,000 b/d less than the previous week’s average. Refineries operated at 85.7% of capacity.
Gasoline production increased, averaging 9.7 million b/d. Distillate fuel production increased, averaging 4.7 million b/d.
US crude oil imports averaged 6.3 million b/d, up 115,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 6.6 million b/d, 3.5% more than the same period last year. Total motor gasoline imports averaged 589,000 b/d. Distillate fuel imports averaged 120,000 b/d.
