U.S. industrial crude oil inventories, excluding these within the Strategic Petroleum Reserve (SPR), decreased by 3.2 million barrels from the week ending July 11 to the week ending July 18, the U.S. Vitality Info Administration (EIA) highlighted in its newest weekly petroleum standing report.
That report was launched on July 23 and included information for the week ending July 18. It confirmed that crude oil shares, not together with the SPR, stood at 419.0 million barrels on July 18, 422.2 million barrels on July 11, and 436.5 million barrels on July 19, 2024. Crude oil within the SPR stood at 402.5 million barrels on July 18, 402.7 million barrels on July 11, and 374.4 million barrels on July 19, 2024, the report revealed.
Whole petroleum shares – together with crude oil, complete motor gasoline, gas ethanol, kerosene kind jet gas, distillate gas oil, residual gas oil, propane/propylene, and different oils – stood at 1.653 billion barrels on July 18, the report highlighted. Whole petroleum shares had been down 5.4 million barrels week on week and down 12.7 million barrels 12 months on 12 months, the report confirmed.
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“At 419 million barrels, U.S. crude oil inventories are about 9 % under the 5 12 months common for this time of 12 months,” the EIA stated in its newest weekly petroleum standing report.
“Whole motor gasoline inventories decreased by 1.7 million barrels from final week and are barely above the 5 12 months common for this time of 12 months. Each completed gasoline inventories and mixing parts inventories decreased final week,” it added.
“Distillate gas inventories elevated by 2.9 million barrels final week and are about 19 % under the 5 12 months common for this time of 12 months. Propane/propylene inventories decreased by 0.5 million barrels from final week and are 10 % above the 5 12 months common for this time of 12 months,” the EIA continued.
Within the report, the EIA famous that U.S. crude oil refinery inputs averaged 16.9 million barrels per day throughout the week ending July 18, 2025, which it identified was 87,000 barrels per day greater than the earlier week’s common.
“Refineries operated at 95.5 % of their operable capability final week,” the EIA stated within the report.
“Gasoline manufacturing elevated final week, averaging 9.4 million barrels per day. Distillate gas manufacturing elevated by 95,000 barrels per day final week, averaging 5.1 million barrels per day,” it added.
U.S. crude oil imports averaged six million barrels per day final week, in response to the EIA’s report, which outlined that this was a lower of 403,000 barrels per day from the earlier week.
“Over the previous 4 weeks, crude oil imports averaged about 6.3 million barrels per day, 7.1 % lower than the identical four-week interval final 12 months,” the EIA stated within the report.
“Whole motor gasoline imports (together with each completed gasoline and gasoline mixing parts) final week averaged 606,000 barrels per day, and distillate gas imports averaged 115,000 barrels per day,” it added.
Whole merchandise equipped over the past four-week interval averaged 20.6 million barrels a day, barely above the identical interval final 12 months, the EIA said in its report.
“Over the previous 4 weeks, motor gasoline product equipped averaged 8.8 million barrels a day, down by 4.9 % from the identical interval final 12 months,” it famous.
“Distillate gas product equipped averaged 3.6 million barrels a day over the previous 4 weeks, down by one % from the identical interval final 12 months. Jet gas product equipped was up 1.5 % in contrast with the identical four-week interval final 12 months,” it went on to state.
In an oil and gasoline report despatched to Rigzone by the Macquarie Group late Monday, Macquarie strategists, together with Walt Chancellor, revealed that they had been forecasting that U.S. crude inventories could be down by 5.6 million barrels for the week ending July 18.
“This follows a 3.9 million barrel draw within the prior week, with the crude steadiness realizing considerably tighter than our expectations,” the strategists stated within the report.
In its earlier weekly petroleum standing report, which was launched on July 16 and included information for the week ending July 11, the EIA highlighted that U.S. industrial crude oil inventories, excluding these within the SPR, decreased by 3.9 million barrels from the week ending July 4 to the week ending July 11.
That report confirmed that crude oil shares, not together with the SPR, stood at 422.2 million barrels on July 11, 426.0 million barrels on July 4, and 440.2 million barrels on July 12, 2024. The report identified that information might not add as much as totals on account of unbiased rounding.
To contact the creator, e mail andreas.exarheas@rigzone.com
