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- EIA crude stocks fell 3.101 million barrels and are now 26.488 million barrels above year ago stock levels. Also, EIA crude stocks stand 7.8 million barrels above the 16 year average. Over the last 4 weeks, crude stocks are down a combined 2.640 million barrels. Crude oil imports for the week stood at 9.118 million barrels per day compared to 9.673 million barrels per day the previous week.
- The refinery operating rate stood at 84.68% up 0.56 from last week and compared to last year’s rate of 88.09% and the 5yr average rate of 90.6%.
- EIA gasoline stocks rose 3.3 million barrels and are now 2.656 million barrels above the 16 year average. Compared to year ago levels, gasoline stocks are at a 5.205 million barrel deficit. The net change in gas stocks over the last 4 weeks has been a rise of 6.82 million barrels.
- Gas demand stood at 8.867 million barrels per day which is 579,000 barrels per day below year ago. Gasoline imports came in at 1.254 million barrels per day compared to 802,000 barrels per day the previous week.
- EIA distillate stocks rose 1.814 million barrels and stand at 1.0 million barrels above last year’s level. Distillate demand stood at 4.102 million barrels per day compared to 4.09 million barrels per day the previous week and 550,000 barrels per day below year ago.
- Heating oil stocks fell 687,000 barrels and stand at 41.165 million barrels, which leaves stocks 735,000 barrels below year ago.
