EIA: Crude Stocks at 17-Month Low; Distillate, Gasoline Up


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- U.S. commercial crude oil inventories continued their 
downward trend, declining for a ninth consecutive week, Energy Information 
Administration data for the week ended June 19 showed Wednesday (6/24). 
Distillate fuel and gasoline stockpiles, meanwhile, rose.

   Commercial crude oil inventories fell by 6.1 million bbl to 412.1 million 
bbl during the week profiled, the lowest commercial crude oil inventory level 
since the week ended January 17, 2025, when stocks stood at 411.7 bbl million 
bbl.

   Crude oil imports averaged 5.6 million bpd in the profiled week, up by 
436,000 bpd from the previous week. Over the last four weeks, crude imports 
averaged 5.75 million bpd, down 4.1% from the same period last year. Crude oil 
exports averaged 4.67 million bpd last week, up from 4.32 million bpd the week 
prior and 4.27 million bpd reported a year earlier.

   Distillate fuel inventories rose by 3 million bbl to 106.1 million bbl 
during the reference week and 800,000 bbl above year-ago levels. Distillate 
imports stood at 135,000 bpd versus 127,000 bpd the week prior and 73,000 bpd a 
year ago.  Distillate exports totaled 1.39 million bbl compared with 1.51 
million the week before and 1.65 million from a year ago.

   Total motor gasoline inventories rose by 2.1 million bbl to 216.3 million 
bbl during the week profiled, while remaining 11.6 million above year-ago 
levels. Gasoline imports stood at 647,000 bpd versus 738,000 bpd the week 
before and 1.01 million bpd the year before. Gasoline exports were at 762,000 
bpd compared with 989,000 bpd the week prior and 763,000 bpd the year ago.

   Jet fuel inventories rose by 1.3 million bbl to 46.3 million bbl last week 
and were up 2.1 million bbl from year-ago levels. Jet fuel imports tumbled to 
52,000 bpd from 127,000 bpd the week prior while rising from 13,000 bpd the 
year before. Exports rose to 378,000 bpd from 355,000 bpd the week before while 
growing from the year-ago level of 258,000 bpd.

   Refinery utilization slid to 96.1% of operable capacity last week from 96.7% 
in the prior week. Crude oil inputs into refineries averaged 17.111 million 
bpd, down by 81,000 bpd from the previous week's 17.192 million bpd.

   Total products supplied over the last four weeks averaged 20.473 million 
bpd, up 2.1% from the same period last year. Gasoline demand averaged 8.828 
million bpd, up 3% from year-ago levels, while distillate demand averaged 3.631 
million bpd, higher by 0.03% from the previous year.

    




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