EIA: PADD 5 Crude Stocks Hit 36-Year Low, Jet Fuel Dip


   
Daniel Rodriguez Huerta
DTN Refined Fuels Market Reporter

   CALGARY, CANADA (DTN) -- U.S. West Coast (PADD 5) crude oil inventories hit 
a 36-year low, while jet fuel and distillate inventories declined during the 
week ended October 23, according to Energy Information Administration data 
released Wednesday (10/28). In the same week, gasoline stocks rose for the 
first time in four weeks, and refinery utilization jumped to its highest level 
since early October, the same data showed.

   Crude oil inventories fell by 1.5 million bbl to 42.0 million bbl from 43.5 
million bbl the previous week, the lowest in EIA data dating to 1990. Stocks 
were 4.5 million bbl below the 46.5 million bbl reported during the comparable 
week of 2025. Crude imports rose to 1.047 million bpd from 622,000 bpd.

   The USWC relies on a diverse mix of imported crude to satisfy demand, 
including grades from the Middle East.

   Jet fuel inventories fell by 166,000 bbl to 10.8 million bbl from 11.0 
million bbl the previous week. Stocks were 744,000 bbl below the 11.6 million 
bbl reported during the comparable week of 2025. Jet fuel refinery output rose 
to 445,000 bpd from 419,000 bpd, while imports eased to 74,000 bpd from 76,000 
bpd.

   Distillate fuel inventories decreased by 131,000 bbl to 10.1 million bbl 
from 10.3 million bbl the previous week. Stocks of distillate above 500 ppm 
sulfur gave back 76,000 bbl to 901,000 bbl after the prior week's jump. 
Inventories were 2.4 million bbl below the 12.5 million bbl reported during the 
comparable week of 2025. Distillate refinery output eased to 416,000 bpd from 
422,000 bpd, and imports fell to 1,000 bpd from 23,000 bpd.

   Gasoline inventories increased by 92,000 bbl to 27.6 million bbl from 27.5 
million bbl the previous week, the first gain since the week ended September 
25. Stocks were 0.7 million bbl below the 28.3 million bbl reported during the 
comparable week of 2025. Gasoline refinery output rose to 1.312 million bpd 
from 1.299 million bpd, while imports plunged to 11,000 bpd from 55,000 bpd, 
the lowest since the week ended August 15, 2025.

   PADD 5 refinery utilization rose to 95.1% of operable capacity from 92.0% 
the previous week, the highest since the week ended October 2, while crude oil 
inputs increased to 2.070 million bpd from 1.995 million bpd.

   Crude oil inventories fell by 1.5 million bbl to 42.0 million bbl from 43.5 
million bbl the previous week, the lowest in EIA data dating to 1990. Stocks 
were 4.5 million bbl below the 46.5 million bbl reported during the comparable 
week of 2025. Crude imports rose to 1.047 million bpd from 622,000 bpd.




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