U.S. DOE Weekly Petroleum Status Report for Nov. 28 (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 16.4 million barrels per day during the week ending November 28, 2014, 399,000 barrels per day more than the previous week’s average. Refineries operated at 93.4% of their operable capacity last week. Gasoline production decreased slightly last week, averaging 9.6 million barrels per day. Distillate fuel production increased last week, averaging over 5.0 million barrels per day.

U.S. crude oil imports averaged 7.3 million barrels per day last week, down by 170,000 barrels per day from the previous week. Over the last four weeks, crude oil imports averaged over 7.3 million barrels per day, 6.2% below the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 724,000 barrels per day. Distillate fuel imports averaged 122,000 barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.7 million barrels from the previous week. At 379.3 million barrels, U.S. crude oil inventories are in the upper half of the average range for this time of year. Total motor gasoline inventories increased by 2.1 million barrels last week, but are well below the lower limit of the average range. Finished gasoline inventories decreased while blending components inventories increased last week. Distillate fuel inventories increased by 3.0 million barrels last week but are near the lower limit of the average range for this time of year. Propane/propylene inventories rose 0.2 million barrels last week and are well above the upper limit of the average range. Total commercial petroleum inventories decreased by 1.1 million barrels last week.

Total products supplied over the last four-week period averaged about 20.0 million barrels per day, down by 0.6% from the same period last year. Over the last four weeks, motor gasoline product supplied averaged over 9.2 million barrels per day, up by 3.2% from the same period last year. Distillate fuel product supplied averaged about 3.9 million barrels per day over the last four weeks, down by 1.5% from the same period last year. Jet fuel product supplied is down 0.1% compared to the same four-week period last year.

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