U.S. crude oil inventories decrease last week: EIA


  • World
  • Thursday, 24 Sep 2020

HOUSTON, Sept. 23 (Xinhua) -- U.S. crude oil inventories decreased during the week ending Sept. 18, the U.S. Energy Information Administration (EIA) said in a report on Wednesday.

According to the Weekly Petroleum Status Report, U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, decreased by 1.6 million barrels from the previous week.

At 494.4 million barrels, U.S. crude oil inventories were about 13 percent above the five-year average for this time of year.

According to the EIA, total motor gasoline inventories decreased by 4.0 million barrels last week and were about 1 percent above the five-year average for this time of year. Finished gasoline inventories increased while blending components inventories decreased last week.

Distillate fuel inventories decreased by 3.4 million barrels last week and were about 21 percent above the five-year average for this time of year.

Propane/propylene inventories increased by 1.7 million barrels last week and were about 12 percent above the five-year average for this time of year. Total commercial petroleum inventories decreased last week by 7.5 million barrels last week.

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