Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

Government & Regulatory

EIA Reports Crude Inventory Increase of 1.3 Million Barrels

emailEmail    |    printPrint    |    bookmarkBookmark
   |    Wednesday,February 24,2021

EIA Crude Inventory - Week Ending February 19, 2021

  • U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.3 million barrels from the previous week.
  • At 463.0 million barrels, U.S. crude oil inventories are about flat to the five year average for this time of year.
  • U.S. crude oil imports averaged 4.6 million barrels per day last week, decreased by 1.3 million barrels per day from the previous week.
  • Over the past four weeks, crude oil imports averaged about 5.7 million barrels per day, 13.3% less than the same four-week period last year.

U.S. crude oil refinery inputs averaged 12.2 million barrels per day during the week ending February 19, 2021 which was 2.6 million barrels per day less than the previous week’s average. Refineries operated at 68.6% of their operable capacity last week. Gasoline production decreased last week, averaging 7.7 million barrels per day. Distillate fuel production decreased last week, averaging 3.6 million barrels per day.

Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 531,000 barrels per day, and distillate fuel imports averaged 303,000 barrels per day. Total motor gasoline inventories were virtually unchanged from last week and are about 1% above the five year average for this time of year. Finished gasoline inventories increased while blending components inventories decreased last week. Distillate fuel inventories decreased by 5.0 million barrels last week and are about 3% above the five year average for this time of year.

Propane/propylene inventories decreased by 5.2 million barrels last week and are about 17% below the five year average for this time of year. Total commercial petroleum inventories decreased by 13.8 million barrels last week.

Total products supplied over the last four-week period averaged 19.5 million barrels a day, down by 3.9% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 7.8 million barrels a day, down by 12.3% from the same period last year. Distillate fuel product supplied averaged 4.2 million barrels a day over the past four weeks, up by 6.4% from the same period last year. Jet fuel product supplied was down 32.3% compared with the same four-week period last year.


Related Categories :

Weekly Petroleum Status Report   

More    Weekly Petroleum Status Report News

United States News >>>