U.S. industrial crude oil inventories, excluding these within the Strategic Petroleum Reserve (SPR), decreased by three million barrels from the week ending July 25 to the week ending August 1, the U.S. Power Info Administration (EIA) highlighted in its newest weekly petroleum standing report.
That report was launched on August 6 and included information for the week ending August 1. It confirmed that crude oil shares, not together with the SPR, stood at 423.7 million barrels on August 1, 426.7 million barrels on July 25, and 429.3 million barrels on August 2, 2024. Crude oil within the SPR stood at 403.0 million barrels on August 1, 402.7 million barrels on July 25, and 375.8 million barrels on August 2, 2024, the report revealed.
Whole petroleum shares – together with crude oil, complete motor gasoline, gasoline ethanol, kerosene sort jet gasoline, distillate gasoline oil, residual gasoline oil, propane/propylene, and different oils – stood at 1.662 billion barrels on August 1, the report highlighted. Whole petroleum shares had been up 2.3 million barrels week on week and down 3.3 million barrels yr on yr, the report confirmed.
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“At 423.7 million barrels, U.S. crude oil inventories are about six p.c under the 5 yr common for this time of yr,” the EIA mentioned in its newest weekly petroleum standing report.
“Whole motor gasoline inventories decreased by 1.3 million barrels from final week and are about one p.c under the 5 yr common for this time of yr. Each completed gasoline inventories and mixing parts inventories decreased final week,” it added.
“Distillate gasoline inventories decreased by 0.6 million barrels final week and are about 16 p.c under the 5 yr common for this time of yr. Propane/propylene inventories elevated by 1.3 million barrels from final week and are eight p.c above the 5 yr common for this time of yr,” the EIA continued.
U.S. crude oil refinery inputs averaged 17.1 million barrels per day throughout the week ending August 1, in keeping with the EIA’s report, which identified that this was 213,000 barrels per day greater than the earlier week’s common.
“Refineries operated at 96.9 p.c of their operable capability final week,” the EIA mentioned in its weekly petroleum standing report.
“Gasoline manufacturing decreased final week, averaging 9.8 million barrels per day. Distillate gasoline manufacturing decreased by 104,000 barrels per day final week, averaging 5.1 million barrels per day,” it added.
U.S. crude oil imports averaged 6.0 million barrels per day final week, the report famous. It highlighted that this was a lower of 174,000 barrels per day from the earlier week.
“Over the previous 4 weeks, crude oil imports averaged about 6.1 million barrels per day, 9.7 p.c lower than the identical four-week interval final yr,” the EIA mentioned within the report.
“Whole motor gasoline imports (together with each completed gasoline and gasoline mixing parts) final week averaged 535,000 barrels per day, and distillate gasoline imports averaged 79,000 barrels per day,” it added.
Whole merchandise provided during the last four-week interval averaged 20.6 million barrels a day, up by 1.6 p.c from the identical interval final yr, the EIA acknowledged in its report.
“Over the previous 4 weeks, motor gasoline product provided averaged 8.9 million barrels a day, down by 2.2 p.c from the identical interval final yr,” the EIA highlighted.
“Distillate gasoline product provided averaged 3.5 million barrels a day over the previous 4 weeks, down by 3.8 p.c from the identical interval final yr. Jet gasoline product provided was up 3.8 p.c in contrast with the identical four-week interval final yr,” the EIA continued.
The EIA additionally highlighted in its report that the value for West Texas Intermediate crude oil was $68.39 per barrel on August 1, which it famous was “$2.01 greater than per week in the past, and $6.6 lower than a yr in the past”.
The EIA added within the report that the nationwide common retail worth for normal gasoline “elevated to $3.140 per gallon on August 4, 2025, $0.017 greater than final week’s worth, and $0.308 lower than the year-ago worth”. The nationwide common retail diesel gasoline worth “decreased $0.005 to $3.800 per gallon, $0.045 greater than the value one yr in the past,” the EIA famous in its report.
In accordance with the AAA Gasoline Costs web site, as of August 7, the typical worth of standard gasoline within the U.S. is $3.166 per gallon and the typical worth of diesel within the nation is $3.737 per gallon.
In an oil and gasoline report despatched to Rigzone by the Macquarie workforce late Monday, Macquarie strategists, together with Walt Chancellor, revealed that they had been forecasting that U.S. crude inventories could be up by 1.3 million barrels for the week ending August 1.
“This follows a 7.7 million barrel construct within the prior week, with the crude stability once more realizing looser than our expectations,” the strategists mentioned within the report.
In its earlier weekly petroleum standing report, which was launched on July 30 and included information for the week ending July 25, the EIA highlighted that U.S. industrial crude oil inventories, excluding these within the SPR, elevated by 7.7 million barrels from the week ending July 18 to the week ending July 25.
To contact the writer, electronic mail andreas.exarheas@rigzone.com
