API: March Refiner Runs Tick Higher as Turnarounds Wind DN


   
   OAKHURST, N.J. (DTN) --- The American Petroleum Institute's latest Monthly 
Statistical Report shows domestic refining activities increased slightly in 
March as a few more refineries completed their scheduled maintenance.

   Throughput in March was up 6.2% from the prior month and 0.1% year-over-year 
to 16 million bpd. This reflected a capacity utilization rate of 87.3%, up 5% 
and 0.7% compared with February and March 2023, respectively.

   U.S. total petroleum exports at 10.4 million bpd in March fell by 5.9% from 
the month prior and 8% from March 2023. API said the decrease was the first 
year-over-year decline since October 2021. Meanwhile, U.S. total petroleum 
imports were 8.1 million bpd, down 6.6% month-on-month and down 1.3% 
year-on-year. Despite lower petroleum exports and imports, the United States 
remained a net exporter in March for the 30th straight month, netting at nearly 
2.3 million bpd, the third largest level on record.

   On inventories, API reports U.S. total petroleum inventories, including 
crude oil and refined products but excluding the Strategic Petroleum Reserves 
totaled 1.24 billion bbl in March. Inventories added 0.1% versus February 
levels and 0.5% compared with March 2023. U.S. crude oil inventories at 452.4 
million bbl in March were up 0.3% on the month but down 2.8% year-over-year. 
Meanwhile, total motor gasoline inventories were down 4.7% from February but up 
2.4% versus March 2023 at 230.7 million bbl.




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