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EIA - Weekly Petroleum Liquids Report - June 15

Posted: Wed Jun 15, 2022 10:44 am
by dan_s
Summary of Weekly Petroleum Data for the week ending June 10, 2022

U.S. crude oil refinery inputs averaged 16.3 million barrels per day during the week ending June 10, 2022 which was 67,000 barrels per day less than the previous week’s average.
Refineries operated at 93.7% of their operable capacity last week.
Gasoline production decreased last week, averaging 10.0 million barrels per day.
Distillate fuel production decreased last week, averaging 4.9 million barrels per day.

U.S. crude oil imports averaged 7.0 million barrels per day last week, increased by 0.8 million barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.5 million barrels per day, 2.2% more than the same four-week period last year.
Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 650,000 barrels per day, and distillate fuel imports averaged 158,000 barrels per day.

Focus on how low the inventories are compared to the 5 year ave.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve)
increased by 2.0 million barrels from the previous week. At 418.7 million barrels, U.S. crude oil
inventories are about 14% below the five year average for this time of year.
Total motor gasoline inventories decreased by 0.7 million barrels last week and are about 11% below the five year average for this time of year. Finished gasoline inventories increased while blending components inventories decreased last week.
Distillate fuel inventories increased by 0.7 million barrels last week and are about 23% below the five year average for this time of year.
Propane/propylene inventories increased by 1.6 million barrels last week and are about 13% below the five year average for this time of year.
Total commercial petroleum inventories increased by 4.9 million barrels last week.

Total products supplied over the last four-week period averaged 19.8 million barrels a day, up by
2.3% from the same period last year. Over the past four weeks, motor gasoline product supplied
averaged 9.0 million barrels a day, down by 1.1% from the same period last year. Distillate fuel
product supplied averaged 3.8 million barrels a day over the past four weeks, down by 5.7%
from the same period last year. Jet fuel product supplied was up 22.6% compared with the same
four-week period last year.