US crude oil inventories for the week ended Apr. 5, excluding the Strategic Petroleum Reserve, increased by 5.8 million bbl from the previous week, according to data from the US Energy Information Administration.
At 457.3 million bbl, US crude oil inventories are about 2% below the 5-year average for this time of year, the EIA report indicated.
EIA said total motor gasoline inventories increased by 700,0000 bbl from last week and are about 3% below the 5-year average for this time of year. Finished gasoline inventories and blending components inventories both increased last week. Distillate fuel inventories increased by 1.7 million bbl and are about 5% below the 5-year average for this time of year.
Propane-propylene inventories decreased by 100,000 bbl from last week and are 9% above the 5-year average for this time of year, EIA said.
US crude oil refinery inputs averaged 15.8 million b/d for the week ended Apr. 5, about 115,000 b/d less than the previous week’s average. Refineries operated at 88.3% of capacity.
Gasoline production decreased, averaging 9.4 million b/d. Distillate fuel production increased, averaging 4.6 million b/d.
US crude oil imports averaged 6.4 million b/d, down 183,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 6.5 million b/d, 4.8% more than the same 4-week period last year. Total motor gasoline imports averaged 730,000 b/d. Distillate fuel imports averaged 163,000 b/d.
