U.S. DOE Weekly Petroleum Status Report for Jan. 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 about 15.3 million barrels per day during the week ending January 4, 84 thousand barrels per day below the previous week’s average. Refineries operated at 89.1 percent of their operable capacity last week. Gasoline production decreased last week, averaging 8.4 million barrels per day. Distillate fuel production increased last week, averaging over 4.9 million barrels per day.

U.S. crude oil imports averaged 8.3 million barrels per day last week, up by 1.2 million barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged about 8.0 million barrels per day, 911 thousand barrels per day below the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 447 thousand barrels per day. Distillate fuel imports averaged 197 thousand barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.3 million barrels from the previous week. At 361.3 million barrels, U.S. crude oil inventories are well above the upper limit of the average range for this time of year. Total motor gasoline inventories increased by 7.4 million barrels last week and are well above the upper limit of the average range. Finished gasoline inventories decreased while blending components inventories increased last week. Distillate fuel inventories increased by 6.8 million barrels last week and are near the lower limit of the average range for this time of year. Propane/propylene inventories decreased by 1.1 million barrels last week, but remained well above the upper limit of the average range. Total commercial petroleum inventories increased by 10.9 million barrels last week.

Total products supplied over the last four-week period have averaged about 18.9 million barrels per day, up by 2.4 percent from the same period last year. Over the last four weeks, motor gasoline product supplied has averaged about 8.4 million barrels per day, down by 2.3 percent from the same period last year. Distillate fuel product supplied has averaged just under 3.6 million barrels per day over the last four weeks, down by 5.0 percent from the same period last year. Jet fuel product supplied is 1.1 percent higher over the last four weeks compared to the same four-week period last year.

To contact the reporter on this story: Stephen Rose in Washington at srose31@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

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