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Weekly EIA Oil Report – June 16th

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Miguel A. Rodriguez
Miguel A. Rodriguez
17 June 2021
Here are the latest details from the U.S. Energy Information Administration regarding diesel fuel, heating oil, gasoline and many more.

U.S. crude oil refinery inputs averaged at 16.3 mil. bpd, while gasoline production increased to an avg. of 9.9 million barrels/day.

U.S. crude oil imports averaged at 6.7 mbpd, while commercial crude oil inventories (excluding Strategic Reserves) decreased by 7.4 mbpd from the previous week.

The total motor gasoline imports (both the finished gasoline & gasoline blending components) from last week averaged at 1.1 mbpd. Distillate fuel imports averaged 371,000 bpd, while the jet fuel product supplied was up 86.8% compared with the same 4-week period last year.

Total commercial petroleum inventories decreased by 4.6 mb last week, as the total products supplied over the last month averaged at 19.3 mb/day, up by 17.4% from the same period, last 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.