U.S. DOE Weekly Petroleum Status Report for May 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 15.7 million barrels per day during the week ending May 9, 2014, 237,000 barrels per day less than the previous week’s average. Refineries operated at 88.8% of their operable capacity last week. Gasoline production increased last week, averaging 9.6 million barrels per day. Distillate fuel production decreased last week, averaging over 4.9 million barrels per day.

U.S. crude oil imports averaged over 7.1 million barrels per day last week, up by 242,000 barrels per day from the previous week. Over the last four weeks, crude oil imports averaged over 7.3 million barrels per day, 5.4% below the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 877,000 barrels per day. Distillate fuel imports averaged 100,000 barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.9 million barrels from the previous week. At 398.5 million barrels, U.S. crude oil inventories are above the average range for this time of year. Total motor gasoline inventories decreased by 0.8 million barrels last week, and are in the middle of the average range. Finished gasoline inventories increased while blending components inventories decreased last week. Distillate fuel inventories decreased by 1.1 million barrels last week and are below the lower limit of the average range for this time of year. Propane/propylene inventories rose 2.5 million barrels last week but are in the lower half of the average range. Total commercial petroleum inventories increased by 3.4 million barrels last week.

Total products supplied over the last four-week period averaged over 18.7 million barrels per day, up by 1.0% from the same period last year. Over the last four weeks, motor gasoline product supplied averaged about 8.8 million barrels per day, up by 3.2% from the same period last year. Distillate fuel product supplied averaged 4.1 million barrels per day over the last four weeks, up by 12.7% from the same period last year. Jet fuel product supplied is down 5.3% 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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