EIA Weekly Petroleum Report - Sept 22
Posted: Wed Sep 22, 2021 9:46 am
Summary of Weekly Petroleum Data for the week ending September 17, 2021
U.S. crude oil refinery inputs averaged 15.3 million barrels per day during the week ending September 17, 2021 which was 1.0 million barrels per day more than the previous week’s average. Refineries operated at 87.5% of their operable capacity last week. < This is good, but we need refineries operating at more than 90% of capacity to rebuild depleted distillate inventories before winter heating season arrives.
Gasoline production increased last week, averaging 9.6 million barrels per day.
Distillate fuel production increased last week, averaging 4.5 million barrels per day.
U.S. crude oil imports averaged 6.5 million barrels per day last week, increased by 0.7 million barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.1 million barrels per day, 18.9% more than the same four-week period last year.
Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 1.1 million barrels per day, and distillate fuel imports averaged 184,000 barrels per day. < Since Europe has SIGNIFICANT shortages of space heating fuels, the U.S. cannot count on imports to rebuild our own depleted inventories.
> U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.5 million barrels from the previous week. At 414.0 million barrels, U.S. crude oil inventories are about 8% below the five year average for this time of year.
> Total motor gasoline inventories increased by 3.5 million barrels last week and are about 3% below the five year average for this time of year. Finished gasoline and blending components inventories both increased last week.
> Distillate fuel inventories decreased by 2.6 million barrels last week and are about 14% below the five year average for this time of year. < I cannot recall EVER seeing distillate (diesel and home heating oil) inventories at a double-digit deficit to the five year average and remember that we use a lot more of these products than we did five years ago.
> Propane/propylene inventories decreased by 0.5 million barrels last week and are about 21% below the five year average for this time of year. < This extremely important space heating fuel is now at a DANGEROUS LEVEL just two months away from the beginning of winter.
>> Total commercial petroleum inventories decreased by 2.6 million barrels last week.
Total products supplied over the last four-week period averaged 21.0 million barrels a day, up by 17.9% from the same period last year.
Over the past four weeks, motor gasoline product supplied averaged 9.2 million barrels a day, up by 8.2% from the same period last year.
Distillate fuel product supplied averaged 4.1 million barrels a day over the past four weeks, up by 13.2% from the same period last year.
Jet fuel product supplied was up 70.4% compared with the same four week period last year.
U.S. crude oil refinery inputs averaged 15.3 million barrels per day during the week ending September 17, 2021 which was 1.0 million barrels per day more than the previous week’s average. Refineries operated at 87.5% of their operable capacity last week. < This is good, but we need refineries operating at more than 90% of capacity to rebuild depleted distillate inventories before winter heating season arrives.
Gasoline production increased last week, averaging 9.6 million barrels per day.
Distillate fuel production increased last week, averaging 4.5 million barrels per day.
U.S. crude oil imports averaged 6.5 million barrels per day last week, increased by 0.7 million barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.1 million barrels per day, 18.9% more than the same four-week period last year.
Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 1.1 million barrels per day, and distillate fuel imports averaged 184,000 barrels per day. < Since Europe has SIGNIFICANT shortages of space heating fuels, the U.S. cannot count on imports to rebuild our own depleted inventories.
> U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.5 million barrels from the previous week. At 414.0 million barrels, U.S. crude oil inventories are about 8% below the five year average for this time of year.
> Total motor gasoline inventories increased by 3.5 million barrels last week and are about 3% below the five year average for this time of year. Finished gasoline and blending components inventories both increased last week.
> Distillate fuel inventories decreased by 2.6 million barrels last week and are about 14% below the five year average for this time of year. < I cannot recall EVER seeing distillate (diesel and home heating oil) inventories at a double-digit deficit to the five year average and remember that we use a lot more of these products than we did five years ago.
> Propane/propylene inventories decreased by 0.5 million barrels last week and are about 21% below the five year average for this time of year. < This extremely important space heating fuel is now at a DANGEROUS LEVEL just two months away from the beginning of winter.
>> Total commercial petroleum inventories decreased by 2.6 million barrels last week.
Total products supplied over the last four-week period averaged 21.0 million barrels a day, up by 17.9% from the same period last year.
Over the past four weeks, motor gasoline product supplied averaged 9.2 million barrels a day, up by 8.2% from the same period last year.
Distillate fuel product supplied averaged 4.1 million barrels a day over the past four weeks, up by 13.2% from the same period last year.
Jet fuel product supplied was up 70.4% compared with the same four week period last year.