According to a report on the OGJ website on September 25, according to data from the U.S. Energy Information Administration (EIA), U.S. crude oil inventories, excluding strategic petroleum reserves, increased by 2.4 million barrels in the week as of September 20 from the previous week.
Separately, the American Petroleum Institute said its own estimates showed that U.S. crude inventories increased by 1.4 million barrels this week.
The report pointed out that U.S. crude oil inventories were 419.5 million barrels, which was the average level for the same period in five years.
EIA said total motor gasoline inventories increased by 500,000 barrels, 4% higher than the growth rate during the same period in five years. Finished gasoline inventories increased last week, while blending component inventories fell. Distillate fuel inventories fell by 3 million barrels, about 7% below the five-year average for this period. Propane – Propylene inventories fell by 1 million barrels last week and are about 15% above the five-year average for this time.
U.S. refinery production averaged 16.5 million barrels per day in the week ended September 20, about 193,000 barrels lower than the previous week’s average. Refinery capacity is 89.8%.
Gasoline production increased, with an average daily volume of 10.2 million barrels. Distillate fuel production fell, averaging 5 million barrels per day.
The average daily import volume of U.S. crude oil was 6.4 million barrels, a decrease of 672,000 barrels from the previous week. In the past four weeks, the average daily import volume of crude oil was 6.8 million barrels, a decrease of 13.1% compared with the same period last year. The average daily import volume of automobile gasoline is 800,000 barrels, and the average daily import volume of distillate oil is 94,000 barrels. </p
