Weekly Crude Oil Storage as of September 6, 2024
U.S. business crude oil inventories (excluding these within the Strategic Petroleum Reserve) elevated by 0.8 million barrels from the earlier week. At 419.1 million barrels, U.S. crude oil inventories are 4% under the five-year common for this time of yr, in response to the EIA crude oil and petroleum weekly storage knowledge, reporting inventories as of September 6, 2024.
Abstract of weekly petroleum knowledge for the week ending September 6, 2024
U.S. crude oil refinery inputs averaged 16.8 million barrels per day throughout the week ending September 6, 2024, which was 141 thousand barrels per day greater than the earlier week’s common. Refineries operated at 92.8% of their operable capability final week.
- Gasoline manufacturing decreased final week, averaging 9.4 million barrels per day.
- Distillate gas manufacturing elevated final week, averaging 5.2 million barrels per day.
Imports
U.S. crude oil imports averaged 6.9 million barrels per day final week, elevated by 1.1 million barrels per day from the earlier week. Over the previous 4 weeks, crude oil imports averaged about 6.5 million barrels per day, 7.3% lower than the identical four-week interval final yr.
Whole motor gasoline imports (together with each completed gasoline and gasoline mixing elements) final week averaged 643 thousand barrels per day, and distillate gas imports averaged 201 thousand barrels per day.
Merchandise inventories
- Whole motor gasoline inventories elevated by 2.3 million barrels from final week and are about 1% under the 5 yr common for this time of yr.
- Completed gasoline inventories and mixing elements inventories each elevated final week.
- Distillate gas inventories elevated by 2.3 million barrels final week and are about 8% under the 5 yr common for this time of yr.
- Propane/propylene inventories elevated by 1.1 million barrels from final week and are 13% above the 5 yr common for this time of yr.
- Whole business petroleum inventories elevated by 9.0 million barrels final week.
Merchandise provided
Whole merchandise provided during the last four-week interval averaged 20.5 million barrels per day, down by 2.2 % from the identical interval final yr. Over the previous 4 weeks:
- Motor gasoline product provided averaged 9.0 million barrels per day, up by 0.9% from the identical interval final yr.
- Distillate gas product provided averaged 3.7 million barrels per day over the previous 4 weeks, down by 0.2% from the identical interval final yr.
- Jet gas product provided was up 2.3% in contrast with the identical four-week interval final yr.
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