U.S. Crude Supplies Down, Other Petroleum Data Mixed

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U.S. crude oil refinery inputs averaged 16 million barrels per day (b/d) during the week ending June 30, 224,000 b/d less than the previous week’s average, according to a weekly report issued by the U.S. Energy Information Administration (EIA) on Thursday.

Refineries operated at 91.1 percent of their operable capacity last week, said the Weekly Petroleum Data report.

Both gasoline and distillate fuel production went up last week, averaging 10.3 million b/d and and 4.9 million b/d respectively.

U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, dropped by 1.5 million barrels from the previous week to 452.2 million barrels, approximately 1 percent below the five-year average for this time of year.

Total motor gasoline inventories went down by 2.5 million barrels from the previous week, and were some 7 percent below the five-year average for this time of year.

Finished gasoline and blending components inventories each decreased last week.

Distillate fuel inventories fell by 1.0 million barrels last week, about 16 percent below the five-year average for this time of year.

Propane/propylene inventories went up 1.6 million barrels last week, about 26 percent above the five-year average for this time of year.

Total commercial petroleum inventories fell by 2.8 million barrels last week.

Total products supplied over the last four-week period averaged 20.7 million b/d, up by 3.5 percent from the same period last year.

Over the past four weeks, motor gasoline product supplied averaged 9.4 million b/d, up by 4.3 percent from the same period last year.

Distillate fuel product supplied averaged 3.7 million b/d over the past four weeks, down by 4.9 percent from the same period last year.

Jet fuel product supplied was up 8.0 percent compared with the same four-week period last year.