U.S. business crude oil inventories, excluding these within the Strategic Petroleum Reserve (SPR), decreased by 2.7 million barrels from the week ending April 18 to the week ending April 25, the U.S. Power Info Administration (EIA) highlighted in its newest weekly petroleum standing report.
That EIA report was launched on April 30 and included information for the week ending April 25. It confirmed that crude oil shares, not together with the SPR, stood at 440.4 million barrels on April 25, 443.1 million barrels on April 18, and 460.9 million barrels on April 26, 2024. Crude oil within the SPR stood at 398.5 million barrels on April 25, 397.5 million barrels on April 18, and 366.3 million barrels on April 26, 2024, the report outlined.
Whole petroleum shares – together with crude oil, whole motor gasoline, gas ethanol, kerosene kind jet gas, distillate gas oil, residual gas oil, propane/propylene, and different oils – stood at 1.610 billion barrels on April 25, the report confirmed. Whole petroleum shares have been up 5.3 million barrels week on week and up 2.8 million barrels yr on yr, the report revealed.
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“At 440.4 million barrels, U.S. crude oil inventories are about six % under the 5 yr common for this time of yr,” the EIA famous in its newest weekly petroleum standing report.
“Whole motor gasoline inventories decreased by 4 million barrels from final week and are about 4 % under the 5 yr common for this time of yr. Completed gasoline and mixing parts inventories decreased final week,” it added.
“Distillate gas inventories elevated by 0.9 million barrels final week and are about 13 % under the 5 yr common for this time of yr. Propane/propylene inventories elevated by 0.6 million barrels from final week and are eight % under the 5 yr common for this time of yr,” it continued.
The EIA famous within the report that U.S. crude oil refinery inputs averaged 16.1 million barrels per day throughout the week ending April 25, 2025. It highlighted that this was 189,000 barrels per day greater than the earlier week’s common.
“Refineries operated at 88.6 % of their operable capability final week,” the EIA stated.
“Gasoline manufacturing decreased final week, averaging 9.5 million barrels per day. Distillate gas manufacturing was flat final week, averaging 4.6 million barrels per day,” it added.
U.S. crude oil imports averaged 5.5 million barrels per day final week, in line with the report, which outlined that this was a lower of 90,000 barrels per day from the earlier week.
“Over the previous 4 weeks, crude oil imports averaged about 5.8 million barrels per day, 11 % lower than the identical four-week interval final yr,” the EIA said within the report.
“Whole motor gasoline imports (together with each completed gasoline and gasoline mixing parts) final week averaged 581,000 barrels per day, and distillate gas imports averaged 99,000 barrels per day,” it added.
Whole merchandise provided over the past four-week interval averaged 19.7 million barrels a day, the report famous, mentioning that this was up by 0.3 % from the identical interval final yr.
“Over the previous 4 weeks, motor gasoline product provided averaged 8.9 million barrels a day, up by 3.2 % from the identical interval final yr,” the EIA stated within the report.
“Distillate gas product provided averaged 3.8 million barrels a day over the previous 4 weeks, up by 10.3 % from the identical interval final yr. Jet gas product provided was up 11.9 % in contrast with the identical four-week interval final yr,” it continued.
In an oil and gasoline report despatched to Rigzone late Monday by the Macquarie staff, Macquarie strategists revealed that they have been forecasting that U.S. crude inventories can be up by 4.3 million barrels for the week ending April 25.
“This compares to our early look which anticipated a 7.0 million barrel construct. On the product aspect of the ledger, in mixture, our expectations are little modified,” the strategists famous in that report.
In its earlier weekly petroleum standing report, which was launched on April 23 and included information for the week ending April 18, the EIA highlighted that U.S. business crude oil inventories, excluding these within the SPR, elevated by 0.2 million barrels from the week ending April 11 to the week ending April 18.
The EIA’s subsequent weekly petroleum standing report is scheduled to be launched on Might 7 and can embrace information for the week ending Might 2.
To contact the writer, e mail andreas.exarheas@rigzone.com
