U.S. industrial crude oil inventories, excluding these within the Strategic Petroleum Reserve (SPR), elevated by 1.9 million barrels from the week ending April 10 to the week ending April 17.
That’s what the U.S. Power Info Administration (EIA) highlighted in its newest weekly petroleum standing report, which was launched on April 22 and included knowledge for the week ending April 17.
This report confirmed that crude oil shares, not together with the SPR, stood at 465.7 million barrels on April 17, 463.8 million barrels on April 10, and 443.1 million barrels on April 18, 2025. Crude oil within the SPR stood at 405.0 million barrels on April 17, 409.2 million barrels on April 10, and 397.5 million barrels on April 18, 2025, the report revealed.
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Complete 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 1.669 billion barrels on April 17, in accordance with this EIA report. Complete petroleum shares had been down 5.9 million barrels week on week and up 63.8 million barrels yr on yr, the report identified.
“At 465.7 million barrels, U.S. crude oil inventories are about three % above the five-year common for this time of yr,” the EIA famous in its newest weekly petroleum standing report.
“Complete motor gasoline inventories decreased by 4.6 million barrels from final week and are 0.5 % beneath the five-year common for this time of yr. Completed gasoline inventories elevated, whereas mixing element inventories decreased final week,” it added.
“Distillate gasoline inventories decreased by 3.4 million barrels final week and are about eight % beneath the five-year common for this time of yr. Propane/propylene inventories elevated by 2.1 million barrels from final week and are 69 % above the 5 yr common for this time of yr,” it continued
U.S. crude oil refinery inputs averaged 16.0 million barrels per day throughout the week ending April 17, in accordance with the report, which famous that this was 55,000 barrels per day lower than the earlier week’s common.
“Refineries operated at 89.1 % of their operable capability final week,” the EIA stated within the report.
“Gasoline manufacturing elevated final week, averaging 10.1 million barrels per day. Distillate gasoline manufacturing elevated, averaging 5.0 million barrels per day,” it added.
U.S. crude oil imports averaged 6.1 million barrels per day final week, the report famous. It outlined that this was a rise of 787,000 barrels per day from the earlier week.
“Over the previous 4 weeks, crude oil imports averaged about 6.0 million barrels per day, 0.4 % lower than the identical four-week interval final yr,” the EIA stated.
“Complete motor gasoline imports (together with each completed gasoline and gasoline mixing parts) final week averaged 587,000 barrels per day, and distillate gasoline imports averaged 190,000 barrels per day,” it added.
Complete merchandise equipped during the last four-week interval averaged 20.5 million barrels per day, in accordance with the EIA’s report, which identified that this was up by 3.0 % from the identical interval final yr.
“Over the previous 4 weeks, motor gasoline product equipped averaged 8.8 million barrels per day, up by 1.7 % from the identical interval final yr,” the EIA stated in its report.
“Distillate gasoline product equipped averaged 4.0 million barrels per day over the previous 4 weeks, up by 3.4 % from the identical interval final yr. Jet gasoline product equipped was down 6.5 % in contrast with the identical four-week interval final yr,” it continued.
In an oil and fuel report despatched to Rigzone on Tuesday by the Macquarie staff, Macquarie strategists revealed that they had been forecasting that U.S. crude inventories can be up by 2.2 million barrels for the week ending April 17.
“This follows a 0.9 million barrel draw within the prior week, with the crude stability realizing considerably tighter than our expectations, and export timing probably contributing to this hole,” the strategists stated in that report.
The EIA’s earlier weekly petroleum standing report, which was launched on April 15 and included knowledge for the week ending April 10, highlighted that U.S. industrial crude oil inventories, excluding these within the SPR, decreased by 0.9 million barrels from the week ending April 3 to the week ending April 10.
To contact the writer, electronic mail andreas.exarheas@rigzone.com
