EIA - Petroleum Status Report - Oct 30
Posted: Wed Oct 30, 2019 4:41 pm
Summary of Weekly Petroleum Data for the week ending October 25, 2019
U.S. crude oil refinery inputs averaged 16.0 million barrels per day during the week ending October 25, 2019, which was 133,000 barrels per day more than the previous week’s average. Refineries operated at 87.7% of their operable capacity last week. < Refinery utilization should ramp up to over 90% in November. Last year, refinery utilization ramped up to more than 95% by mid-November. We should see the same pattern this year.
Gasoline production increased last week, averaging 10.2 million barrels per day.
Distillate fuel production increased last week, averaging 5.0 million barrels per day.
U.S. crude oil imports averaged 6.7 million barrels per day last week, up by 840,000 barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.3 million barrels per day, 16.5% less than the same four-week period last year. < Higher imports caused the increase in U.S. crude oil inventories, which is what normally happens in October.
Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 673,000 barrels per day, and distillate fuel imports averaged 158,000 barrels per day.
> U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.7 million barrels from the previous week. At 438.9 million barrels, U.S. crude oil inventories are about 1% above the five year average for this time of year.
> Total motor gasoline inventories decreased by 3.0 million barrels last week and are about 2% above the five year average for this time of year. Finished gasoline and blending components inventories both decreased last week.
> Distillate fuel inventories decreased by 1.0 million barrels last week and are about 11% below the five year average for this time of year.
>>Propane/propylene inventories decreased by 0.1 million barrels last week and are about 12% above the five year average for this time of year.
>> Total commercial petroleum inventories decreased last week by 2.2 million barrels last week.
Total products supplied over the last four-week period averaged 21.3 million barrels per day, up by 3.4% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 9.5 million barrels per day, up by 3.6% from the same period last year. Distillate fuel product supplied averaged 4.2 million barrels per day over the past four weeks, down by 0.7% from the same period last year. Jet fuel product supplied was up 9.6% compared with the same four-week period last year.
Details behind the weekly report are here: https://www.eia.gov/dnav/pet/pet_sum_sn ... _nus_w.htm
Take a look at Days of Supply.
U.S. crude oil refinery inputs averaged 16.0 million barrels per day during the week ending October 25, 2019, which was 133,000 barrels per day more than the previous week’s average. Refineries operated at 87.7% of their operable capacity last week. < Refinery utilization should ramp up to over 90% in November. Last year, refinery utilization ramped up to more than 95% by mid-November. We should see the same pattern this year.
Gasoline production increased last week, averaging 10.2 million barrels per day.
Distillate fuel production increased last week, averaging 5.0 million barrels per day.
U.S. crude oil imports averaged 6.7 million barrels per day last week, up by 840,000 barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.3 million barrels per day, 16.5% less than the same four-week period last year. < Higher imports caused the increase in U.S. crude oil inventories, which is what normally happens in October.
Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 673,000 barrels per day, and distillate fuel imports averaged 158,000 barrels per day.
> U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.7 million barrels from the previous week. At 438.9 million barrels, U.S. crude oil inventories are about 1% above the five year average for this time of year.
> Total motor gasoline inventories decreased by 3.0 million barrels last week and are about 2% above the five year average for this time of year. Finished gasoline and blending components inventories both decreased last week.
> Distillate fuel inventories decreased by 1.0 million barrels last week and are about 11% below the five year average for this time of year.
>>Propane/propylene inventories decreased by 0.1 million barrels last week and are about 12% above the five year average for this time of year.
>> Total commercial petroleum inventories decreased last week by 2.2 million barrels last week.
Total products supplied over the last four-week period averaged 21.3 million barrels per day, up by 3.4% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 9.5 million barrels per day, up by 3.6% from the same period last year. Distillate fuel product supplied averaged 4.2 million barrels per day over the past four weeks, down by 0.7% from the same period last year. Jet fuel product supplied was up 9.6% compared with the same four-week period last year.
Details behind the weekly report are here: https://www.eia.gov/dnav/pet/pet_sum_sn ... _nus_w.htm
Take a look at Days of Supply.