EIA: U.S. Crude Stocks Rose 3.8M Bbl on Rebound in Imports
7/02 10:35 AM
EIA: U.S. Crude Stocks Rose 3.8M Bbl on Rebound in Imports Miguel E. Andujar DTN Refined Fuels Market Reporter DAVENPORT, FL (DTN) --- U.S. commercial crude oil inventories posted a build during the week ending June 27 as refinery inputs increased and imports rose, according to the latest data from the U.S. Energy Information Administration. Crude oil inventories, excluding the Strategic Petroleum Reserve, rose by 3.8 million bbl to 419.0 million bbl last week, 6.6% below a year-ago while about 9% below the five-year average for this time of year. This compares with a 680,000 bbl build reported by the American Petroleum Institute yesterday for the same reference week. U.S. crude oil imports averaged 6.9 million bpd last week, up 976,000 bpd from the prior week. Imports over the past four weeks averaged about 6.1 million bpd, down 13.9% from the same four-week period in 2024. Gasoline inventories rose by 4.2 million bbl to 232.1 million bbl last week compared to API's reported 1.920 million bbl build. The EIA reported gains across conventional gasoline and blending components, while reformulated gasoline volumes were unchanged. EIA data show distillate fuel stocks fell by 1.7 million bbl to 103.6 million bbl, compared with a 3.458 million bbl draw reported by API. EIA data show distillate supplies are about 21% below the five-year average for this time of year. Refinery utilization edged up to 94.9% of capacity from 94.7% the prior week. U.S. refineries processed 17.1 million bpd of crude oil last week, up 118,000 bpd from the previous period. Total products supplied over the last four-week period averaged 20.3 million bpd, down 1.1% from a year earlier, according to the EIA. Distillate fuel product supplied averaged 3.7 million bpd over the past four weeks, up 0.6% from the same period last year while motor gasoline demand over the past four weeks at 9.2 million bpd was down 0.1% versus the same four-week period in 2024. (c) Copyright 2025 DTN, LLC. All rights reserved.
 
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