Oilprice: another big draw reported several minutes ago....
Summary of Weekly Petroleum Data for the week ending September 6, 2019
U.S. crude oil refinery inputs averaged 17.5 million barrels per day during the week
ending September 6, 2019, which was 114,000 barrels per day more than the previous
week’s average. Refineries operated at 95.1% of their operable capacity last week.
Gasoline production increased last week, averaging 10.4 million barrels per day.
Distillate fuel production increased last week, averaging 5.3 million barrels per day.
U.S. crude oil imports averaged 6.7 million barrels per day last week, down by 180,000
barrels per day from the previous week. Over the past four weeks, crude oil imports
averaged about 6.7 million barrels per day, 11.7% less than the same four-week period
last year. Total motor gasoline imports (including both finished gasoline and gasoline
blending components) last week averaged 797,000 barrels per day, and distillate fuel
imports averaged 44,000 barrels per day.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum
Reserve) decreased by 6.9 million barrels from the previous week. At 416.1 million
barrels, U.S. crude oil inventories are about 2% below the five year average for this time
of year. Total motor gasoline inventories decreased by 0.7 million barrels last week and
are about 3% above the five year average for this time of year. Finished gasoline
inventories increased while blending components inventories decreased last week.
Distillate fuel inventories increased by 2.7 million barrels last week and are about 6%
below the five year average for this time of year. Propane/propylene inventories
increased by 0.7 million barrels last week and are about 14% above the five year average
for this time of year. Total commercial petroleum inventories decreased last week by 3.1
million barrels last week.
