U.S. OIL INVENTORIES UP 900,000 BBL

OGJ - US crude oil inventories for the week ended Jan. 25, excluding the Strategic Petroleum Reserve, increased by 900,000 bbl from the previous week, data from the US Energy Information Administration showed.

At 445.9 million bbl, US crude oil inventories are about 7% above the 5-year average for this time of year, the report indicated.

EIA said total motor gasoline inventories decreased by 2.2 million bbl and are about 5% above the 5-year range. Finished gasoline inventories and blending components inventories both decreased last week. Distillate fuel inventories decreased by 1.1 million bbl and are about 2% below the 5-year average for this time of year.

Propane-propylene inventories decreased by 3.6 million bbl last week and are about 2% above the 5-year average for this time of year, EIA said.

US refinery inputs averaged 16.5 million b/d for the week ended Jan. 25, about 586,000 b/d less than the previous week's average. Refineries operated at 90.1% of capacity.

Gasoline production increased, averaging 9.9 million b/d. Distillate fuel production decreased, averaging 5 million b/d.

US crude oil imports averaged 7.1 million b/d, down from the previous week. Over the last 4 weeks, crude oil imports averaged 7.7 million b/d, 4.5% less than the same period last year. Total motor gasoline imports averaged 523,000 b/d. Distillate fuel imports averaged 135,000 b/d.

-----

Earlier: 

2019, January, 28, 10:15:00 U.S. OIL PRODUCTION 11.7 MBD API - U.S. production of crude oil (11.7 mb/d) and natural gas liquids (NGLs) (4.8 mb/d); Crude oil exports (2.4 mb/d, tie with Nov. 2018);

2019, January, 7, 09:55:00 U.S. OIL INVENTORIES 441.4 MBBL OGJ - US commercial crude oil inventories, excluding the Strategic Petroleum Reserve, remained virtually unchanged for the week ended Dec. 28, 2018,

2018, December, 26, 07:20:00 U.S. OIL INVENTORIES 441.5 MBBL DOWN 500 TBBL OGJ - US crude oil inventories, excluding the Strategic Petroleum Reserve, decreased by 500,000 bbl for the week ended Dec. 14, according to data from the US Energy Information Administration.

2018, November, 19, 11:30:00 U.S. PETROLEUM DEMAND 20.8 MBD U.S. API - U.S. petroleum demand in October of 20.8 million barrels per day (mb/d) was the strongest for the month since 2006 and a continued reflection of solid economic activity.

2018, November, 16, 09:10:00 U.S. OIL INVENTORIES UP U.S. EIA - U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 10.3 million barrels from the previous week.

2018, November, 9, 15:20:00 GLOBAL OIL INVENTORIES WILL UP U.S. EIA - Global inventories are projected to increase and put downward pressure on crude oil prices.

2018, October, 4, 14:40:00 U.S. OIL INVENTORIES DOWN U.S. EIA - Crude oil inventories held at Cushing, Oklahoma, decreased by more than half since this time last year, recently falling to lows last reached in 2014. Logistical factors and strong demand for crude oil from both domestic refining and exports markets have contributed to the steep year-over-year decrease.