U.S. commercial crude oil inventories (excluding those in t he Strategic Petroleum Reserve) increased by 2.4 million barrels from the previous week. At 419.5 million barrels, U.S. crude oil inventories are at the fivyear average for this time of year. U.S. crude oil refinery inputs averaged 16.5 million barrels per day during the week ending September 20, 2019, which was 193,000 barrels per day less than the previous week’s average. Refineries operated at 89.8% of their operable capacity last week. Gasoline production increased last week, averaging 10.2 million barrels per day. Distillate fuel production decreased last week, averaging 5.0 million barrels per day. U.S. crude oil imports averaged 6.4 million barrels per day last week, down by 672,000 barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.8 million barrels per day, 13.1% less than the same four -week period
last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 800,000 barrels per day, and distillate fuel imports averaged 94,000 barrels per day. Total motor gasoline inventories increased by 0.5 million barrels last week and are about 4% above the five year average for this time of year. Finished gasoline inventories increased while blending components inventories decreased last week. Distillate fuel inventories decreased by 3.0 million barrels last week and are about 7% below the five year average
for this time of year. Propane/propylene inventories decreased by 1.0 million barrels last week and are about 15% above the five year average for this time of year. Total commercial petroleum inventories increased last week by 0.7 million barrels last week.
Total products supplied over the last four -week period averaged 21.1 million barrels per day, up by 1.4% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 9.4 million barrels per day, down by 0.9% from the same period last year. Distillate fuel product supplied averaged 3.9 million barrels per day over the past four weeks, down by 2.0% from the same period last year. Jet fuel product supplied was down 2.1% compared with the same four-week period last year. Nick Bit: Now lets see how much control you have over your lizard brain. Oil (dropped) on the slight increase in inventories. So far not low enough to buy more. DAMN! but why the inventory increase. Why its was the flooding….. It shut down the gulf coast refineries…How do i know… well i do watch the weather… no not the TV bullshit but the real FULL reports from the NOAA. And i conformed the shut down by my daily refinery reports and and and this we see refinery utilization rates drop from 95.1% in the Sept 6 IEIA report to 89.8% in the latest reporting week. So DAH Lizard Lizard when refineries are shut down like for a weather event their utilization rate drops and a refinery drinks crude oil… EXCEPT when It is closed… In other words they last 2 weeks inventory reports increases are weather events,,, LIZARD LIZARD