U.S. industrial crude oil inventories, excluding these within the Strategic Petroleum Reserve (SPR), elevated by 6.2 million barrels from the week ending March 6 to the week ending March 13.
That’s what the U.S. Power Data Administration (EIA) highlighted in its newest weekly petroleum standing report, which was launched on March 18 and included knowledge for the week ending March 13.
The EIA report confirmed that crude oil shares, not together with the SPR, stood at 449.3 million barrels on March 13, 443.1 million barrels on March 6, and 437.0 million barrels on March 14, 2025. Crude oil within the SPR stood at 415.4 million barrels on March 13 and March 6, and 395.9 million barrels on March 14, 2025, the report confirmed.
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In an announcement posted on the U.S. Division of Power (DOE) web site on March 11, U.S. Secretary of Power Chris Wright introduced that U.S. President Donald Trump had licensed the DOE to launch 172 million barrels from the Strategic Petroleum Reserve, “starting subsequent week”.
A press release posted on the DOE web site on March 13 introduced that the DOE had issued a Request for Proposal (RFP) for a crude oil trade from the SPR. This primary RFP can be for 86 million barrels of crude oil, the DOE revealed.
“Underneath the phrases of the trade, corporations will return the borrowed oil to DOE with extra barrels as a premium, strengthening the Strategic Petroleum Reserve whereas stabilizing markets without charge to American taxpayers,” the DOE stated in that assertion.
The EIA’s newest weekly petroleum standing report confirmed that whole petroleum shares – together with crude oil, whole motor gasoline, gas ethanol, kerosene sort jet gas, distillate gas oil, residual gas oil, propane/propylene, and different oils – stood at 1.682 billion barrels on March 13. Complete petroleum shares have been up 0.4 million barrels week on week and up 86.0 million barrels 12 months on 12 months, the report identified.
“At 449.3 million barrels, U.S. crude oil inventories are about one p.c under the 5 12 months common for this time of 12 months,” the EIA stated in its newest weekly petroleum standing report.
“Complete motor gasoline inventories decreased by 5.4 million barrels from final week and are three p.c above the 5 12 months common for this time of 12 months. Each completed gasoline and mixing elements inventories decreased final week,” it added.
“Distillate gas inventories decreased by 2.5 million barrels final week and are about three p.c under the 5 12 months common for this time of 12 months. Propane/propylene inventories elevated by 0.8 million barrels from final week and are 57 p.c above the 5 12 months common for this time of 12 months,” it continued.
U.S. crude oil refinery inputs averaged 16.2 million barrels per day through the week ending March 13, in response to the EIA report, which identified that this was 63,000 barrels per day greater than the earlier week’s common.
“Refineries operated at 91.4 p.c of their operable capability final week,” the EIA highlighted within the report.
“Gasoline manufacturing decreased final week, averaging 9.4 million barrels per day. Distillate gas manufacturing decreased by 75,000 barrels per day final week, averaging 4.9 million barrels per day,” it added
U.S. crude oil imports averaged 7.2 million barrels per day final week, the report famous, outlining that this was a rise of 772,000 barrels per day from the earlier week.
“Over the previous 4 weeks, crude oil imports averaged about 6.7 million barrels per day, 17.8 p.c greater than the identical four-week interval final 12 months,” the EIA stated.
“Complete motor gasoline imports (together with each completed gasoline and gasoline mixing elements) final week averaged 447,000 barrels per day, and distillate gas imports averaged 221,000 barrels per day,” it added.
Complete merchandise equipped during the last four-week interval averaged 21.0 million barrels a day, up by 2.1 p.c from the identical interval final 12 months, the EIA said in its report.
“Over the previous 4 weeks, motor gasoline product equipped averaged 8.7 million barrels a day, down by 1.0 p.c from the identical interval final 12 months,” it added.
“Distillate gas product equipped averaged 4.0 million barrels a day over the previous 4 weeks, up by 0.4 p.c from the identical interval final 12 months. Jet gas product equipped was down 2.1 p.c in contrast with the identical four-week interval final 12 months,” the EIA went on to state.
To contact the writer, electronic mail andreas.exarheas@rigzone.com
