U.S. DOE Weekly Petroleum Status Report for Nov. 8 (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 15.4 million barrels per day during the week ending November 8, 2013, 343 thousand barrels per day higher than the previous week’s average. Refineries operated at 88.7% of their operable capacity last week. Gasoline production rose from the previous week, averaging 9.4 million barrels per day. Distillate fuel production increased last week to 4.9 million barrels per day.

U.S. crude oil imports averaged about 7.8 million barrels per day last week, up by 620 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports averaged 7.5 million barrels per day, 7.5% below the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 446 thousand barrels per day. Distillate fuel imports averaged 130 thousand barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.6 million barrels from the previous week. At 388.1 million barrels, U.S. crude oil inventories are above the upper range for this time of year. Total motor gasoline inventories decreased by 0.8 million barrels last week, but are near the top of the average range. Finished gasoline inventories increased while gasoline blending component inventories decreased. Distillate fuel inventories decreased by 0.5 million barrels last week and remain near the lower limit of the average range for this time of year. Propane/propylene inventories fell 1.3 million barrels last week and are in the lower portion of the average range. Total commercial petroleum inventories decreased by 5.9 million barrels last week.

Total products supplied over the last four-week period averaged 19.7 million barrels per day, up by 5.0% from the same period last year. Over the last four weeks, motor gasoline product supplied averaged about 9.0 million barrels per day, up by 4.7% from the same period last year. Distillate fuel product supplied averaged 3.9 million barrels per day over the last four weeks, up by 6.9% from the same period last year. Jet fuel product supplied is up 0.1% compared to the same four-week period last year.

To contact the reporter on this story: Chris Middleton in Washington at cmiddleton2@bloomberg.net

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

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