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    Home ยป American Crude Inventories Jump to 412.4 Million Barrels
    Indices News

    American Crude Inventories Jump to 412.4 Million Barrels

    April 6, 20221 Min Read
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    Oil field scene, Oil pipeline and pumping unit of the silhouette
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    Crude oil inventories in the United States jumped in the past week as refinery inputs and imports increased during the period.

     

    • Commercial crude oil inventories for the week ending April 1 stood at 412.4 million barrels, 2.4 million barrels higher than the week earlier. This is about 14% below the five-year average for the time of the year.

     

    • Declines were seen in inventories of total motor gasoline, and finished gasoline, while increases were recorded in inventories of distillate fuel, propane/propylene, and total commercial petroleum.

     

    • Refinery inputs increased by 35,000 per day to an average of 15.9 million, as refineries operated at 92.5% of their capacity. Production of gasoline climbed while fuel production declined.

     

    • Crude oil imports increased by 41,000 barrels per day to an average of 6.3 million barrels per day, bringing the four-week average up 8.9% to 6.4 million barrels per day. Motor gasoline imports climbed by 88,000 barrels per day to 484,000 barrels.

     

    Products supplied over the last four weeks stood at 20.4 million barrels daily, 5.5% higher than the same period in 2021.

    OIL is down 0.03%.

    Source: EIA

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