U.S. DOE Weekly Petroleum Status Report for Feb. 4 (Text)
Following is the text of the weekly Petroleum Status Report from the U.S. Department of Energy:
U.S. crude oil refinery inputs averaged 14.3 million barrels per day during the week ending February 4, 42 thousand barrels per day above the previous week’s average. Refineries operated at 84.7 percent of their operable capacity last week. Gasoline production increased last week, averaging 9.1 million barrels per day. Distillate fuel production increased last week, averaging 4.3 million barrels per day.
U.S. crude oil imports averaged 8.9 million barrels per day last week, down by 105 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 9.1 million barrels per day, 783 thousand barrels per day above the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 1.0 million barrels per day. Distillate fuel imports averaged 296 thousand barrels per day last week.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.9 million barrels from the previous week. At 345.1 million barrels, U.S. crude oil inventories are above the upper limit of the average range for this time of year. Total motor gasoline inventories increased by 4.7 million barrels last week and are above the upper limit of the average range. Both finished gasoline inventories and blending components inventories increased last week. Distillate fuel inventories increased by 0.3 million barrels and are above the upper limit of the average range for this time of year. Propane/propylene inventories decreased by 3.1 million barrels last week and are below the lower limit of the average range. Total commercial petroleum inventories increased by 3.2 million barrels last week.
Total products supplied over the last four-week period has averaged 19.1 million barrels per day, up by 0.8 percent compared to the similar period last year. Over the last four weeks, motor gasoline demand has averaged 8.6 million barrels per day, down by 0.3 percent from the same period last year. Distillate fuel demand has averaged 3.7 million barrels per day over the last four weeks, down by 0.1 percent from the same period last year. Jet fuel demand is 1.6 percent higher over the last four weeks compared to the same four-week period last year.
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