EIA: Crude Oil Inventories Up 3.6M Barrels, Defy 2.6M Draw Estimate

EIA: Crude Oil Inventories Up 3.6M Barrels, Defy 2.6M Draw Estimate

Crude Oil Refinery Inputs

U.S. crude oil refinery inputs averaged 16.5 million barrels per day for the week ending June 21, 2024, marking a decrease of 234,000 barrels per day compared to the previous week. Refineries operated at 92.2% of their operable capacity. Gasoline production saw a decline, averaging 9.9 million barrels per day, whereas distillate fuel production rose to an average of 4.9 million barrels per day.

Crude Oil and Product Imports

The United States imported an average of 6.6 million barrels of crude oil per day last week, a reduction of 443,000 barrels per day from the preceding week. However, over the past four weeks, crude oil imports averaged 7.3 million barrels per day, reflecting a 13.7% increase from the same period last year. Motor…
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