Crude Oil Summary (EIA):U.S. crude oil refinery inputs averaged 16.0 million barrels per day during the week ending September 27, 2019, which was 496,000 barrels per day less than the previous week’s average. Refineries operated at 86.4% of their operable capacity last week. Gasoline production decreased last week, averaging 10.1 million barrels per day. Distillate fuel production decreased last week, averaging 4.8 million barrels per day. U.S. crude oil imports averaged 6.3 million barrels per day last week, down by 87,000 barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.6 million barrels per day, 15.7% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 843,000 barrels per day, and distillate fuel imports averaged 50,000 barrels per day. U.S. commercial crude oil inventories (excluding those in the Strategic petroleum Reserve) increased by 3.1 million barrels from the previous week. At 422.6 million barrels, U.S. crude oil inventories are at the five year average for this time of year. Total motor gasoline inventories decreased by 0.2 million barrels last week and are about 3% above the five year average for this time of year. Finished gasoline inventories increased while blending components inventories decreased last week. Distillate fuel inventories decreased by 2.4 million barrels last week and are about 8% below the five year average for this time of year. Propane/propylene inventories increased by 1.0 million barrels last week and are about 15% above the five year average for this time of year. Total commercial petroleum inventories decreased last week by 0.9 million barrels last week. Total products supplied over the last four-week period averaged 20.9 million barrels per day, up by 2.1% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 9.3 million barrels per day, down by 0.1% from the same period last year. Distillate fuel product supplied averaged 3.9 million barrels per day over the past four weeks, down by 0.6% from the same period last year. Jet fuel product supplied was down 4.2% compared with the same fourweek period last year. The West Texas Intermediate crude oil price was $55.95 per barrel on September 27, 2019, $1.97 below last week’s price and $17.21 less than a year ago. The spot price for conventional gasoline in the New York Harbor was $1.754 per gallon, $0.035 less than last week’s price and $0.404 lower than a year ago. The spot price for ultra-low sulfur diesel fuel in the New York Harbor was $1.948 per gallon, $0.052 below last week’s price and $0.404 under a year ago. The national average retail regular gasoline price was $2.642 per gallon on September 30, 2019, $0.012 less than last week’s price and $0.224 under a year ago. The national average retail diesel fuel price was $3.066 per gallon, $0.015 below last week’s price and $0.247 under a year ago.
CRUDE OIL WEEKLY UPDATE (Week Ending 10-04-19)
- Crude Oil, Natural Gas & Crude Oil Weekly Update
- Published on
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com