U.S. DOE Weekly Petroleum Status Report for Dec. 9 (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 about 14.7 million barrels per day during the week ending December 9, 590 thousand barrels per day below the previous week’s average. Refineries operated at 85.1 percent of their operable capacity last week. Gasoline production increased last week, averaging 9.5 million barrels per day. Distillate fuel production decreased last week, averaging just under 5.0 million barrels per day.

U.S. crude oil imports averaged 8.3 million barrels per day last week, down by 1.1 million barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged nearly 8.8 million barrels per day, 232 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 776 thousand barrels per day. Distillate fuel imports averaged 118 thousand barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.9 million barrels from the previous week. At 334.2 million barrels, U.S. crude oil inventories are in the upper limit of the average range for this time of year. Total motor gasoline inventories increased by 3.8 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 0.5 million barrels last week and are in the lower limit of the average range for this time of year. Propane/propylene inventories decreased by 0.5 million barrels last week and are in the lower limit of the average range. Total commercial petroleum inventories increased by 2.0 million barrels last week.

Total products supplied over the last four-week period have averaged 18.3 million barrels per day, down by 5.6 percent compared to the similar period last year. Over the last four weeks, motor gasoline product supplied has averaged about 8.7 million barrels per day, down by 4.5 percent from the same period last year. Distillate fuel product supplied has averaged nearly 3.8 million barrels per day over the last four weeks, up by 1.8 percent from the same period last year. Jet fuel product supplied is 2.5 percent lower over the last four weeks compared to the same four-week period last year.

To contact the reporter on this story: Mike Sebany in Washington at msebany@bloomberg.net

To contact the editor responsible for this story: Alex Tanzi at atanzi@bloomberg.net

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