U.S. industrial crude oil inventories, excluding these within the Strategic Petroleum Reserve (SPR), decreased by 3.8 million barrels from the week ending December 26 to the week ending January 2, the U.S. Vitality Info Administration (EIA) highlighted in its newest weekly petroleum standing report.
This report was launched on January 7 and included knowledge for the week ending January 2. In keeping with the report, crude oil shares, not together with the SPR, stood at 419.1 million barrels on January 2, 422.9 million barrels on December 26, 2025, and 414.6 million barrels on January 3, 2025.
Crude oil within the SPR stood at 413.5 million barrels on January 2, 413.2 million barrels on December 26, and 393.8 million barrels on January 3, 2025, the report confirmed. Complete petroleum shares – together with crude oil, whole motor gasoline, gasoline ethanol, kerosene kind jet gasoline, distillate gasoline oil, residual gasoline oil, propane/propylene, and different oils – stood at 1.707 billion barrels on January 2, the report revealed. Complete petroleum shares had been up 8.4 million barrels week on week and up 78.7 million barrels yr on yr, the report identified.
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“At 419.1 million barrels, U.S. crude oil inventories are about three % beneath the 5 yr common for this time of yr,” the EIA stated in its newest weekly petroleum standing report.
“Complete motor gasoline inventories elevated by 7.7 million barrels from final week and are about three % above the 5 yr common for this time of yr. Completed gasoline inventories decreased, whereas mixing elements inventories elevated final week,” it added.
“Distillate gasoline inventories elevated by 5.6 million barrels final week and are about three % beneath the 5 yr common for this time of yr. Propane/propylene inventories decreased 2.2 million barrels from final week and are about 29 % above the 5 yr common for this time of yr,” the EIA continued.
U.S. crude oil refinery inputs averaged 16.9 million barrels per day through the week ending January 2, in response to the report, which identified that this was 62,000 barrels per day greater than the earlier week’s common.
“Refineries operated at 94.7 % of their operable capability final week,” the EIA stated in its newest weekly petroleum standing report.
“Gasoline manufacturing decreased final week, averaging 9.0 million barrels per day. Distillate gasoline manufacturing elevated by 81,000 barrels per day final week, averaging 5.3 million barrels per day,” it added.
U.S. crude oil imports averaged 6.3 million barrels per day final week, the report famous. It highlighted that this was a rise of 1.4 million barrels per day from the earlier week.
“Over the previous 4 weeks, crude oil imports averaged about 6.0 million barrels per day, 9.7 % lower than the identical four-week interval final yr,” the EIA stated in its report.
“Complete motor gasoline imports (together with each completed gasoline and gasoline mixing elements) final week averaged 549,000 barrels per day, and distillate gasoline imports averaged 207,000 barrels per day,” it added.
Complete merchandise provided over the past four-week interval averaged 19.9 million barrels a day, 1.9 % beneath the identical interval final yr, the EIA acknowledged within the report.
“Over the previous 4 weeks, motor gasoline product provided averaged 8.7 million barrels a day, up by 0.5 % from the identical because the final yr interval,” the EIA famous.
“Distillate gasoline product provided averaged 3.6 million barrels a day over the previous 4 weeks, down by 4.3 % from the identical interval final yr. Jet gasoline product provided was down 1.9 % in contrast with the identical four-week interval final yr,” it added.
In an oil and fuel report despatched to Rigzone on Tuesday by the Macquarie group, Macquarie strategists, together with Walt Chancellor, revealed that they had been forecasting that U.S. crude inventories could be down by 3.5 million barrels for the week ending January 2.
“This follows a 1.9 million barrel draw within the prior week, with the crude stability realizing tight relative to our expectations alongside oddly low import ranges, significantly from Canada,” the strategists stated in that report.
The EIA’s newest weekly petroleum standing report additionally highlighted that the value for West Texas Intermediate (WTI) crude oil was $57.21 per barrel on January 2, “$0.61 greater than every week in the past, and $17.43 lower than a yr in the past”.
The nationwide common retail value for normal gasoline “decreased to $2.796 per gallon on January 5, 2026, $0.015 lower than final week’s value, and $0.251 lower than the year-ago value”, the replace famous, including that the nationwide common retail diesel gasoline value “decreased $0.023 to $3.477 per gallon, $0.084 lower than the value one yr in the past”.
In keeping with the AAA Gasoline Costs web site, as of January 8, the common value of normal gasoline within the U.S. is $2.819 per gallon and the common value of diesel within the nation is $3.536 per gallon.
To contact the creator, electronic mail andreas.exarheas@rigzone.com
