Preview EIA Crude Oil Inventories #TCOIL

#11192
Heidi Tait
Participant

Summary of Weekly Petroleum Data for the Week Ending August 11, 2017
U.S. crude oil refinery inputs averaged about 17.6 million barrels per day during the
week ending August 11, 2017, 9,000 barrels per day less than the previous week’s
average. Refineries operated at 96.1% of their operable capacity last week. Gasoline
production decreased last week, averaging over 10.0 million barrels per day. Distillate
fuel production decreased last week, averaging 5.3 million barrels per day.
U.S. crude oil imports averaged over 8.1 million barrels per day last week, up by 364,000
barrels per day from the previous week. Over the last four weeks, crude oil imports
averaged over 8.0 million barrels per day, 4.7% below the same four-week period last
year. Total motor gasoline imports (including both finished gasoline and gasoline
blending components) last week averaged 667,000 barrels per day. Distillate fuel imports
averaged 167,000 barrels per day last week.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum
Reserve) decreased by 8.9 million barrels from the previous week. At 466.5 million
barrels, U.S. crude oil inventories are in the upper half of the average range for this time
of year. Total motor gasoline inventories remained unchanged last week, and are near the
upper limit of the average range. Finished gasoline inventories decreased while blending
components inventories increased last week. Distillate fuel inventories increased by 0.7
million barrels last week and are in the upper half of the average range for this time of
year. Propane/propylene inventories increased by 1.6 million barrels last week but are in
the lower half of the average range. Total commercial petroleum inventories decreased by
7.3 million barrels last week.
Total products supplied over the last four-week period averaged 21.2 million barrels per
day, up by 2.0% from the same period last year. Over the last four weeks, motor gasoline
product supplied averaged over 9.7 million barrels per day, down by 0.3% from the same
period last year. Distillate fuel product supplied averaged over 4.3 million barrels per day
over the last four weeks, up by 15.9% from the same period last year. Jet fuel product
supplied is up 0.8% compared to the same four-week period last year.