U.S. DOE Weekly Petroleum Status Report for April 18 (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 16.0 million barrels per day during the week ending April 18, 2014, 367,000 barrels per day more than the previous week’s average. Refineries operated at 91.0% of their operable capacity last week. Gasoline production decreased last week, averaging 8.9 million barrels per day. Distillate fuel production increased last week, averaging 5.0 million barrels per day.

U.S. crude oil imports averaged 7.8 million barrels per day last week, down by 475,000 barrels per day from the previous week. Over the last four weeks, crude oil imports averaged about 7.6 million barrels per day, 1.4% below the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 448,000 barrels per day. Distillate fuel imports averaged 95,000 barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.5 million barrels from the previous week. At 397.7 million barrels, U.S. crude oil inventories are well above the average range for this time of year. Total motor gasoline inventories decreased by 0.3 million barrels last week, and are in the lower half of the average range. Both finished gasoline inventories and blending components inventories decreased last week. Distillate fuel inventories increased by 0.6 million barrels last week but are below the lower limit of the average range for this time of year. Propane/propylene inventories rose 1.2 million barrels last week but are in the lower half of the average range. Total commercial petroleum inventories increased by 12.0 million barrels last week.

Total products supplied over the last four-week period averaged over 18.2 million barrels per day, down by 1.6% from the same period last year. Over the last four weeks, motor gasoline product supplied averaged 8.7 million barrels per day, up by 1.8% from the same period last year. Distillate fuel product supplied averaged over 3.9 million barrels per day over the last four weeks, up by 5.2% from the same period last year. Jet fuel product supplied is up 2.6% 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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