Weekly EIA Oil Report – March 3rd

By: Miguel A. Rodriguez

12:10, 03 March 2022

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Here are the latest details from the U.S. Energy Information Administration regarding diesel fuel, heating oil, gasoline and many more, for the week ending on February 25th

U.S. crude oil refinery inputs averaged 15.4 million barrels per day, which was 153,000 barrels per day more than the previous week’s average, with refineries working at 87.7% of their capacity.

Gasoline production increased last week, averaging 9.3 million barrels/day. Distillate fuel production also increased, averaging 4.7 million barrels per day.

U.S. crude oil imports averaged 5.8 million barrels per day last week, 1.1 million barrels per day lower from the previous week, with imports averaging approx. 6.2 million barrels/day.

U.S. commercial crude oil inventories decreased by 2.6 million barrels from the previous week to 410.4 million barrels. Considering the figures, the inventories are about 12% below the five-year average for this time of year.

Sources: eia.gov

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OIL

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