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

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

Source: Xinhua

Editor: huaxia

2024-12-05 07:35:30

HOUSTON, Dec. 4 (Xinhua) -- U.S. crude oil refinery inputs averaged 16.9 million barrels per day (b/d) during the week ending Nov. 29, 615,000 b/d more than the previous week's average, according to the weekly report issued by the U.S. Energy Information Administration (EIA) on Wednesday.

Refineries operated at 93.3 percent of their operable capacity last week, said the Weekly Petroleum Data Report.

During the same period, gasoline production went down while distillate fuel production went up, averaging 9.5 million b/d and 5.3 million b/d respectively.

U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, dropped by 5.1 million barrels from the previous week to 423.4 million barrels, about 5 percent below the five-year average for this time of year.

Total motor gasoline inventories surged by 2.4 million barrels from the previous week and were some 4 percent below the five-year average for this time of year.

Finished gasoline inventories decreased while blending components inventories increased last week.

Distillate fuel inventories went up by 3.4 million barrels last week, about 5.0 percent below the five-year average for this time of year.

Propane/propylene inventories fell by 0.7 million barrels last week, about 10 percent above the five-year average for this time of year.

Total commercial petroleum inventories decreased by 4.7 million barrels last week.

Total products supplied over the last four-week period averaged 20.4 million b/d, up by 4.0 percent from the same period last year.

Over the past four weeks, motor gasoline product supplied averaged 8.8 million b/d, up by 2.8 percent from the same period last year.

Distillate fuel product supplied averaged 3.7 million b/d over the past four weeks, even with the same period last year.

Jet fuel product supplied was up 7.1 percent compared with the same four-week period last year.