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Crude Inventories Declined 3.8 Million Barrels Last Week, Says EIA
U.S. crude oil refinery inputs averaged 16.5 million barrels per day during the week ending June 16, 2023, which was 116 thousand barrels per day less than the previous week’s average. Refineries operated at 93.1% of their operable capacity last week. Gasoline production decreased last week, averaging 9.8 million barrels per day. Distillate fuel production increased last week, averaging 5.1 million barrels per day. U.S. crude oil imports averaged 6.2 million barrels per day last week, decreased by 220 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.5 ... (full story)