U.S. industrial crude oil inventories, excluding these within the Strategic Petroleum Reserve (SPR), elevated by 16.0 million barrels from the week ending February 13 to the week ending February 20, the U.S. Power Data Administration (EIA) highlighted in its newest weekly petroleum standing report.
This report, which was launched on February 25 and included knowledge for the week ending February 20, confirmed that crude oil shares, not together with the SPR, stood at 435.8 million barrels on February 20, 419.8 million barrels on February 13, and 430.2 million barrels on February 21, 2025. Crude oil within the SPR stood at 415.4 million barrels on February 20 and February 13, and 395.3 million barrels on February 21, 2025, the report confirmed.
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 1.681 billion barrels on February 20, the report highlighted. Whole petroleum shares had been up 11.2 million barrels week on week and up 76.2 million barrels 12 months on 12 months, the report identified.
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“At 435.8 million barrels, U.S. crude oil inventories are about three p.c beneath the 5 12 months common for this time of 12 months,” the EIA mentioned in its newest weekly petroleum standing report.
“Whole motor gasoline inventories decreased by 1.0 million barrels from final week and are three p.c above the 5 12 months common for this time of 12 months. Completed gasoline inventories decreased final week and mixing elements inventories elevated final week,” it added.
“Distillate gasoline inventories elevated by 0.3 million barrels final week and are about 5 p.c beneath the 5 12 months common for this time of 12 months. Propane/propylene inventories decreased by 1.7 million barrels from final week and are 46 p.c above the 5 12 months common for this time of 12 months,” it continued.
U.S. crude oil refinery inputs averaged 15.7 million barrels per day throughout the week ending February 20, in response to the EIA report, which identified that this was 416,000 barrels per day lower than the earlier week’s common.
“Refineries operated at 88.6 p.c of their operable capability final week,” the EIA mentioned in its report.
“Gasoline manufacturing decreased final week, averaging 9.2 million barrels per day. Distillate gasoline manufacturing decreased by 136,000 barrels per day final week, averaging 4.8 million barrels per day,” it added.
U.S. crude oil imports averaged 6.7 million barrels per day final week, the report famous. This marked a rise of 136,000 barrels per day from the earlier week, the EIA report outlined.
“Over the previous 4 weeks, crude oil imports averaged about 6.5 million barrels per day, 4.9 p.c greater than the identical four-week interval final 12 months,” the EIA acknowledged in its report.
“Whole motor gasoline imports (together with each completed gasoline and gasoline mixing elements) final week averaged 563,000 barrels per day, and distillate gasoline imports averaged 411,000 barrels per day,” it added.
Whole merchandise provided over the past four-week interval averaged 21.4 million barrels a day, up by 5.4 p.c from the identical interval final 12 months, the EIA famous in its report.
“Over the previous 4 weeks, motor gasoline product provided averaged 8.5 million barrels a day, up by 1.0 p.c from the identical interval final 12 months,” it went on to state.
“Distillate gasoline product provided averaged 4.4 million barrels a day over the previous 4 weeks, up by 4.0 p.c from the identical interval final 12 months. Jet gasoline product provided was up 3.2 p.c in contrast with the identical four-week interval final 12 months,” it continued.
In its earlier weekly petroleum standing report, which was launched on February 19 and included knowledge for the week ending February 13, the EIA highlighted that U.S. industrial crude oil inventories, excluding these in SPR, decreased by 9.0 million barrels from the week ending February 6 to the week ending February 13.
In an EIA weekly petroleum standing report launched on February 11, which included knowledge for the week ending February 6, the EIA highlighted that U.S. industrial crude oil inventories, excluding these within the SPR, elevated by 8.5 million barrels from the week ending January 30 to the week ending February 6.
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