U.S. crude oil refinery inputs averaged 16.3 million barrels per day, which was 67,000 barrels per day less than the previous week’s average, with refineries working at 93.7% of their capacity.
Gasoline production decreased last week, averaging 10 million barrels/day. Distillate fuel production also decreased, averaging 4.9 million barrels per day.
U.S. crude oil imports averaged 7 million barrels per day last week, 0.8 million barrels per day higher from the previous week, with imports averaging approx. 6.5 million barrels/day.
U.S. commercial crude oil inventories increased by 2 million barrels from the previous week to 418.7 million barrels. Considering the figures, the inventories are about 14% below the five-year average for this time of year.