US crude oil inventories for the week ended Feb. 10, excluding the Strategic Petroleum Reserve, increased by 16.3 million bbl from the previous week, according to data from the US Energy Information Administration.
At 471.4 million bbl, US crude oil inventories are 8% above the 5-year average for this time of year, the EIA report indicated.
EIA said total motor gasoline inventories increased by 2.3 million bbl and are about 5% below the 5-year range for this time of year. Finished gasoline inventories and blending component inventories both increased last week. Distillate fuel inventories decreased by 1.3 million bbl and are about 15% below the 5-year average for this time of year.
Propane-propylene inventories decreased by 2.6 million bbl and are about 29% above the 5-year average for this time of year, EIA said.
US refinery inputs averaged 15.0 million b/d for the week ended Feb. 10, about 383,000 b/d less than the previous week’s average. Refineries operated at 86.5% of capacity.
Gasoline production slightly decreased, still averaging 9.1 million b/d. Distillate fuel production decreased, averaging 4.5 million b/d.
US crude oil imports averaged 6.2 million b/d, down 826,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 6.6 million b/d, 3.8% more than the same period last year. Total motor gasoline imports averaged 589,000 b/d. Distillate fuel imports averaged 221,000 b/d.