EIA: Oil inventory climbed to 486.1 million bbl

US commercial crude oil inventories, excluding the Strategic Petroleum Reserve, increased 600,000 bbl for the week ended Dec. 23 compared with the previous week, the US Energy Information Administration reported.

The latest total estimate was 486.1 million bbl, which EIA called near the upper limit of the average range for this time of year. The Petroleum Status Report was issued a day later than normal because federal office workers had Dec. 26 off for the Christmas holiday.

Total motor gasoline inventories decreased 1.6 million bbl. EIA said that level was the upper half of the average range. Finished gasoline inventories increased while blending components inventories decreased.

Distillate fuel inventories decreased 1.9 million bbl for the week ended Dec. 23, putting distillate fuel levels at near the upper limit of the average range for this time of year. Propane-propylene inventories fell 5.7 million bbl but remain in the upper half of the average range, EIA said.

US refinery inputs averaged 16.6 million b/d during the week ended Dec. 23, which was 101,000 b/d less than the previous week’s average. Refineries operated at 91% of capacity.

Gasoline production increased last week, averaging more than 10.5 million b/d. Distillate fuel production decreased, averaging 5 million b/d.

US crude oil imports averaged 8.2 million b/d, down 304,000 b/d from the previous week. During the last 4 weeks, crude oil imports averaged 8.1 million b/d, 2.4% above the same 4-week period last year. Total motor gasoline imports, including both finished gasoline and gasoline blending components, last week averaged 434,000 b/d. Distillate fuel imports averaged 157,000 b/d.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...