U.S. crude supplies down, other petroleum data mixed-Xinhua

U.S. crude supplies down, other petroleum data mixed

Source: Xinhua

Editor: huaxia

2024-04-04 06:40:30

HOUSTON, April 3 (Xinhua) -- U.S. crude oil refinery inputs averaged 15.9 million barrels per day (b/d) during the week ending March 29, 35,000 b/d less than the previous week's average, according to a weekly report issued by the U.S. Energy Information Administration (EIA) on Wednesday.

Refineries operated at 88.6 percent of their operable capacity last week, said the Weekly Petroleum Data report.

During the same period, gasoline production went up while distillate fuel production went down, averaging 10.0 million b/d and 4.6 million b/d respectively.

U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, surged by 3.2 million barrels from the previous week to 451.4 million barrels, about 2.0 percent below the five-year average for this time of year.

Total motor gasoline inventories dropped by 4.3 million barrels from the previous week and were about 3.0 percent below the five-year average for this time of year.

Both finished gasoline and blending components inventories decreased last week.

Distillate fuel inventories fell by 1.3 million barrels last week, about 7 percent below the five-year average for this time of year.

Propane/propylene inventories decreased by 0.4 million barrels last week, and were 10.0 percent above the five-year average for this time of year.

Total commercial petroleum inventories declined by 2.2 million barrels last week.

Total products supplied over the last four-week period averaged 20.3 million b/d, up by 1.4 percent from the same period last year.

Over the past four weeks, motor gasoline product supplied averaged 9.0 million b/d, down by 0.5 percent from the same period last year.

Distillate fuel product supplied averaged 3.7 million b/d over the past four weeks, down by 6.3 percent from the same period last year.

Jet fuel product supplied was up 1.2 percent compared with the same four-week period last year.