U.S. industrial crude oil inventories, excluding these within the Strategic Petroleum Reserve (SPR), elevated by 1.3 million barrels from the week ending Could 9 to the week ending Could 16, the U.S. Power Data Administration (EIA) highlighted in its newest weekly petroleum standing report.
That EIA report was launched on Could 21 and included information for the week ending Could 16. It confirmed that crude oil shares, not together with the SPR, stood at 443.2 million barrels on Could 16, 441.8 million barrels on Could 9, and 458.8 million barrels on Could 17, 2024. The EIA report highlighted that information might not add as much as totals resulting from unbiased rounding.
Crude oil within the SPR stood at 400.5 million barrels on Could 16, 399.7 million barrels on Could 9, and 368.8 million barrels on Could 17, 2024, the report outlined. Whole petroleum shares – together with crude oil, complete motor gasoline, gasoline ethanol, kerosene kind jet gasoline, distillate gasoline oil, residual gasoline oil, propane/propylene, and different oils – stood at 1.623 billion barrels on Could 16, the report confirmed. Whole petroleum shares have been up 5.8 million barrels week on week and up 4.3 million barrels 12 months on 12 months, the report revealed.
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“At 443.2 million barrels, U.S. crude oil inventories are about six p.c beneath the 5 12 months common for this time of 12 months,” the EIA said in its newest weekly petroleum standing report.
“Whole motor gasoline inventories elevated by 0.8 million barrels from final week and are about two p.c beneath the 5 12 months common for this time of 12 months. Each completed gasoline inventories and mixing parts inventories elevated final week,” it added.
“Distillate gasoline inventories elevated by 0.6 million barrels final week and are about 16 p.c beneath the 5 12 months common for this time of 12 months. Propane/propylene inventories elevated by 2.7 million barrels from final week and are seven p.c beneath the 5 12 months common for this time of 12 months,” it continued.
U.S. crude oil refinery inputs averaged 16.5 million barrels per day through the week ending Could 16, 2025, the EIA famous in its report. It identified that this was 89,000 barrels per day greater than the earlier week’s common.
“Refineries operated at 90.7 p.c of their operable capability final week,” the EIA stated within the report.
“Gasoline manufacturing elevated final week, averaging 9.6 million barrels per day. Distillate gasoline manufacturing elevated by 13,000 barrels per day final week, averaging 4.7 million barrels per day,” it added.
U.S. crude oil imports averaged 6.1 million barrels per day final week, the EIA said in its report. It highlighted that this was a rise of 247,000 barrels per day from the earlier week.
“Over the previous 4 weeks, crude oil imports averaged about 5.9 million barrels per day, 13.5 p.c 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 747,000 barrels per day, and distillate gasoline imports averaged 141,000 barrels per day,” it added.
Whole merchandise provided over the past four-week interval averaged 19.6 million barrels a day, down by 2.8 p.c from the identical interval final 12 months, the EIA said in its report.
“Over the previous 4 weeks, motor gasoline product provided averaged 8.8 million barrels a day, down by one p.c from the identical interval final 12 months,” the EIA added.
“Distillate gasoline product provided averaged 3.6 million barrels a day over the previous 4 weeks, down by 4.2 p.c from the identical interval final 12 months. Jet gasoline product provided was up 4 p.c in contrast with the identical four-week interval final 12 months,” it continued.
In a Skandinaviska Enskilda Banken AB (SEB) oil report despatched to Rigzone by the SEB staff immediately, Ole R. Hvalbye, a commodities analyst on the firm, highlighted that U.S. industrial crude oil inventories, excluding the SPR, rose by 1.3 million barrels final week and said that “this enhance was counter-seasonal – thus placing some stress on costs”.
“Nonetheless, the extent continues to be roughly six p.c beneath the five-year seasonal common,” Hvalbye identified within the report.
To contact the writer, electronic mail andreas.exarheas@rigzone.com
