EIA: U.S. Crude Stocks Down 1.3M Bbl on Week, Fuels Surge


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- U.S. commercial crude oil inventories fell for a 
second straight week during the week ended December 12, while gasoline and 
distillate fuel oil stocks extended their builds, the Energy Information 
Administration reported Wednesday (12/17).

   Commercial crude stocks fell by 1.3 million bbl to 424.4 million bbl, 
following the prior week's drop of 1.8 million bbl, the EIA said in its Weekly 
Petroleum Status Report.

   With the weekly decline, U.S. crude inventories stood at 3.4 million bbl, or 
0.8%, above year-ago levels, the report showed.

   In line with the broader crude inventory drop, stockpiles at Cushing, 
Oklahoma, the delivery point for NYMEX West Texas Intermediate futures, fell 
700,000 bbl to stand at 20.9 million bbl during the week ended December 12. In 
the prior week, Cushing balances fell by 300,000 bbl.

   Distillate fuel oil inventories rose by 1.7 million bbl to 118.5 million 
bbl, adding to the prior weekly growth of 2.5 million bbl. Expanding stocks of 
medium and high sulfur grades pushed distillate fuel oil inventories up 300,000 
bbl year-on-year.

   Total motor gasoline inventories increased by 4.8 million bbl to 225.6 
million bbl during the profiled week, adding to the prior week's rise of 6.4 
million bbl. Blending components rose by 6.8 million bbl to 211.4 million bbl, 
accounting for most of the increase, while conventional gasoline stocks grew 2 
million bbl to 14.2 million bbl.

   Refinery utilization stood at 94.8% of operable capacity, up by 0.3% from 
the prior week. Crude oil net inputs averaged 17 million bpd, versus the prior 
weekly average of 16.87 million bpd.

   Crude exports averaged 4.66 million bpd, up by 650,000 bpd from the previous 
week, while crude imports fell by 60,000 bpd to 6.53 million bpd.

   Total products supplied over the last four weeks averaged 20.52 million bpd, 
up 167,000 bpd from the same period a year earlier. Gasoline demand averaged 
9.08 million bpd last week, up 1.7% year-on-year, while distillate demand 
averaged 3.79 million bpd, down 15.8% year-on-year.




(c) Copyright 2025 DTN, LLC. All rights reserved.