EIA Weekly Petroleum Report - Mar 1

Post Reply
dan_s
Posts: 34463
Joined: Fri Apr 23, 2010 8:22 am

EIA Weekly Petroleum Report - Mar 1

Post by dan_s »

Summary of Weekly Petroleum Data for the week ending February 24, 2023

U.S. crude oil refinery inputs averaged 15.0 million barrels per day during the week ending February 24, 2023 which was 31 thousand barrels per day less than the previous week’s average.
Refineries operated at 85.8% of their operable capacity last week. < Down due to annual maintenance projects.
Gasoline production increased last week, averaging 9.7 million barrels per day.
Distillate fuel production decreased last week, averaging 4.6 million barrels per day.

U.S. crude oil imports averaged 6.2 million barrels per day last week, decreased by 118,000 barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.5 million barrels per day, 4.2% more than the same four-week period last year.
Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 672,000 barrels per day, and distillate fuel imports averaged 197,000 barrels per day.

> U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.2 million barrels from the previous week. At 480.2 million barrels, U.S. crude oil inventories are about 9% above the five year average for this time of year.
< Total motor gasoline inventories decreased by 0.9 million barrels from last week and are about 5% below the five year average for this time of year. Finished gasoline inventories were virtually unchanged, while blending components inventories decreased last week.
> Distillate fuel inventories increased by 0.2 million barrels last week and are about 10% below the five year average for this time of year.
> Propane/propylene inventories decreased by 2.7 million barrels from last week and are 30% above the five year average for this time of year.
>> Total commercial petroleum inventories decreased by 3.0 million barrels last week.

Total products supplied over the last four-week period averaged 20.1 million barrels a day, down by 7.4% from the same period last year.
Over the past four weeks, motor gasoline product supplied averaged 8.7 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 11.8% from the same period last year.
Jet fuel product supplied was down 0.7% compared with the same four-week period last year.
Dan Steffens
Energy Prospectus Group
Post Reply