EIA: Crude Stock Declined 600Kb, Distillates, Gasoline DN

DAVENPORT, FL (DTN) — U.S. commercial crude oil inventories edged lower in the week ending September 19 while gasoline supplies declined, and distillate fuel oil stocks registered their first draw in four weeks, the Energy Information Administration reported Wednesday (9/24).

Commercial crude stocks decreased by 600,000 bbl to 414.8 million bbl, 1.7 million bbl above the volume reported during the same week last year. Inventories at Cushing, Oklahoma, the delivery point for NYMEX West Texas Intermediate futures, rose slightly by 100,000 bbl to 23.7 million bbl.

Distillate fuel oil inventories fell by 1.7 million bbl to 123 million bbl, essentially flat with last year’s level. The draw ended three consecutive weeks of builds, with most of the decline concentrated in low-sulfur barrels.

Motor gasoline inventories decreased by 1.1 million bbl to 216.6 million bbl, 3.5 million bbl below the comparable week in 2024. Blending components slipped by 1 million bbl to 201.7 million bbl, while conventional gasoline stocks dipped by 100,000 bbl.

Refinery utilization stood at 93% of capacity, down slightly from 93.3% the prior week but higher than the 90.9% rate during the same period last year. Crude runs averaged 16.476 million bpd, up by 52,000 bpd week-on-week.

Crude exports averaged 4.484 million bpd, compared with 5.277 million bpd the previous week and 3.897 million bpd last year. Crude imports climbed by 803,000 bpd to 6.495 million bpd, near last year levels.

Total products supplied over the last four weeks averaged 20.466 million bpd, up by 190,000 bpd from the same period last year. Gasoline demand averaged 8.959 million bpd, up by 149,000 bpd from the prior week but 246,000 bpd below last year. Distillate demand averaged 3.738 million bpd, up by 116,000 bpd from the previous week but 284,000 bpd below the same week in 2024.