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Weekly EIA Oil Report – October 20th

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Miguel A. Rodriguez
Miguel A. Rodriguez
20 October 2022
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 October 14th

U.S. crude oil refinery inputs averaged 15.6 million barrels per day, which was 132,000 barrels per day less than the previous week’s average, with refineries working at 89.5% of their capacity.  

Gasoline production increased last week, averaging 9.4 million barrels/day. Distillate fuel production increased, averaging 5 million barrels per day.  

U.S. crude oil imports averaged 5.9 million barrels per day last week, 0.2 million barrels per day lower than the previous week, with imports averaging approx. 6.1 million barrels/day.  

U.S. commercial crude oil inventories decreased by 1.7 million barrels from the previous week to 437.4 million barrels. Considering the figures, the inventories are about 2% below the five-year average for this time of year. 

Sources: eia.gov 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books. 

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